Although property prices are at record levels in the centre of the country, and more particularly in the capital, it is possible to find accommodation for a lower budget by moving away from Luxembourg City. This is particularly the case if you choose to move to another region of the country. Today, we suggest you head east for a look at the property market.

What is the trend in real estate in the East?

In the east of the country, property prices have evolved moderately over the last 6 months after having undergone a strong increase in the previous six months. At that time, prices had risen by +81TP2Q.

Today, the average budget is 454,338 euros for a flat and 791,634 euros for a house. Overall, the prices are close to the national average but are still 6% lower.

In terms of renting, rental prices are "cheap" in the east of the Grand Duchy. The average rent for a flat is 1,215 euros and for a house 2,350 euros per month.

Flat prices in Eastern Luxembourg

In September 2019, the average price of a flat in the East of the country is 454,338 euros, an increase of 3% over the last 6 months.

In this region, flats represent only one third of the supply and sell for around €5,328/m2.

48% of flats for sale in the region are 2-bedroom units, averaging 90 m2

In the east of the Grand Duchy, Grevenmacher is the most popular commune for internet users on atHome.lu, followed by Echternach and Mondorf-les-Bains.

House prices in Eastern Luxembourg

House prices have increased by 4% over the past six months in eastern Luxembourg. Today, the average budget to acquire this type of property is €791,634, or €4,207/m2.

The houses in this region are large, on average 193 m2. They are perfectly suited for families 

Looking at the prices in more detail, Mondorf-les-Bains is the most expensive municipality in this region with a price per square metre of 6,176 euros.

Finally, it should be noted that in this region the real estate offer is rather weak, in particular for the sale of real estate. However, there are still good investments to be made in both old and new properties.