In Luxembourg, and in particular in the centre and south of the country, demand for flats is high. How much money do you need to buy a flat in the Grand Duchy today? What are the prices per square metre in 2017? And what is the price difference between old and new flats? We tell you everything!

Prices per square metre of old flats

In Luxembourg, it is the one and two bedroom flats that are most sought after by future owners. The consequence is an increase in prices for this type of property. Specifically, over the last 12 months, prices for 1-bedroom flats have increased by +8%.

On average, the price per square metre of existing flats rose by +5% (all surfaces combined) between September 2016 and September 2017. Count now 4 965 euros per square meter to acquire an existing flat.

Find all the immbilical prices in atHome Magazine - October 2017

Prices per square metre of new flats

Prices for new flats have increased by an average of +7% over the last 12 months. You should now expect a price per square metre of 6,143 euros to become the owner of a new flat in Luxembourg (all surfaces included).

In 2017, the average price difference between old and new buildings was therefore 24%. This difference can be explained in part by the quality of materials and the high energy performance of new buildings in Luxembourg. These requirements are undoubtedly pushing up prices.

The average prices shown above are taken from atHome Magazine - October 2017, and are based on the prices shown in the ads published on atHome.lu between September 2016 and September 2017.