In Luxembourg, property prices continue to rise...strongly! The average prices observed in September 2019 confirm the upward trend in the country.

Renting: An average price of 1,576 euros to rent a flat

This autumn, rents are averaging €1,576 for flats and €2,960 for houses (average rent for all areas).

Over the last 12 years, there has been an increase of 6% and 8% in average rental prices respectively. This increase in rental rates is less pronounced compared to the previous period (March 2018-March 2019), when rents rose very sharply by between 10 and 16%. Indeed, it can be seen that over the last 6 months, rental prices have slowed down their increase. This is good news for those who are looking for a property to rent.
For example, for a one-bedroom flat, tenants will have to pay an average of €1,390 in rent.

Finally, it should be remembered that the majority of rental properties are still located in the centre of Luxembourg, hence the average prices remain high.

Visit all prices in Luxembourg in atHome Magazine - October 2019

Buying: A budget of €6,152/m2 to buy a flat

In September 2019, to become a homeowner in Luxembourg, an average budget of 527,757 euros is required for an old flat 859,280 for a house (average prices posted).

If the price increases observed during our last study (in March 2019) were already significant, we observe, in this autumn 2019, even more important increases. Indeed, average prices have risen sharply over the last 12 months: +14% for flats and +12% for houses.

The housing shortage in the country is becoming more and more acute. The high demand is inexorably pushing up property prices.
Today, it is €6,152 per square metre that buyers have to budget to become the owner of a flat in the Grand Duchy. In Luxembourg City, the price per square metre is €9,562.

BASIS OF CALCULATION :
The statistics presented above, and in atHome Magazine, are based on the prices displayed in the ads published on atHome.lu between October 2018 and September 2019. The statistical sample consists of more than 18,300 real estate listings.

How to estimate the price of a flat or a house?

The prices presented here, and in atHome Magazine, are averages calculated for the whole of Luxembourg. Property prices can vary greatly from one region to another, but also according to the specific characteristics of the property.

To estimate a property, atHome.lu now offers a new tool foronline estimate. This new free service provides an initial evaluation of a property, i.e. an approximate value of the house or flat, based on the information previously provided by the user (property characteristics).

The atHome estimate is calculated by an algorithm using data from the ads published on the atHome.lu website. It is not a prediction, nor a definitive value, but an indication of the potential value* of a property.

For an accurate estimate, it is necessary to call on a real estate professional.


* atHome.lu does not guarantee the accuracy and reliability of the information contained in the estimated value.

All property prices in Luxembourg are published in atHome Magazine Autumn 2019. Available in the Kiosk, at all partner estate agents and via the Lesezirkel network.