atHome.lu Blog
Menu

Where to live in Luxembourg and where should you buy?

Buying in Luxembourg requires a good knowledge of the real estate market and of each region’s specificities. After all, you don’t move 20 times in your life: you might as well study the subject carefully before making any decision.

In Luxembourg, the living environment is very diverse: there are lively and well-connected cities, but also rural villages, surrounded by fields and forests as far as the eye can see. Some cities even offer both urban and rural environments.

To help you know where to buy in Luxembourg, let’s first look at the different places you can move in according to your wishes. We’ll then look at the types of properties you could find in Luxembourg, and finally, we’ll study the trends in the real estate market.

1. Living in Luxembourg: which city should you choose?

If Luxembourg is so attractive, it is not only for its salaries, it is also for the living environment that is offered there: one benefits from an access to nature and to all the services worthy of a main European capital. Everyday, more than 200,000 French, Belgian and German border workers choose to commute there. If you can settle in Luxembourg and buy a property, then you’re lucky! Take advantage of this luck and find the ideal setting for you and your family:

  • Maybe you want to live an urban, dynamic and well-connected environment? In that case, the big cities of the Center and the South regions are made for you: Luxembourg, Esch-sur-Alzette and Differdange (the latter two being close to the French border). If you want to be within walking distance of your work, and if you like going out often: this is the right choice.
  • Or maybe you prefer living aside from the city, even if it means commuting to work? The towns and cities in the North or West regions will offer you a remarkable calm, and access to forests and hiking trails to liven up your weekends. These towns are, for example, Ettelbruck, Erpeldange and Wiltz in the North and Mamer, Bascharage and Bridel in the West. However, always prefer cities connected by the rail network (free in Luxembourg). Because of the influx of border workers, the roads are systematically congested in the morning, which can multiply your travel time by four or five.
  • What if you’re looking for the perfect balance between nature and access to the city? You will then definitely love the suburbs: towns like Leudelange, Hesperange, Bridel, Beggen, Bereldange, Strassen or Bertrange. These towns are at the gateway to the capital: they offer access to nature, while being very well connected to the center. For a balance between peace and quiet, acceptable transportation time and access to all daily services, this is the ideal setting.

Now that you have a clearer idea of where you want to live, it is essential to know the trends and specificities of the Luxembourg real estate market. The only goal is to make the right choice for your purchase.

2. The main types of goods sold in Luxembourg

Each country has its own specific types of property: we all know the famous English Victorian houses, or the single-storey houses of the Southern France…

In Luxembourg, most buildings are optimized to have many flats, while still preserving a large interior space.

Here are the specificities of Luxembourg real estate:

  • Most of the apartments sold are large 2-bedrooms (you often find 80m² or 90m² 2-bedrooms – unthinkable in other countries);
  • The new houses are all semi-detached houses in order to maximize the living space on a lot. These houses are also on 2, 3 or even 4 floors (between the cellar and the upper floor);
  • Most properties contain at least 2 toilets or 2 bathrooms: this is an exception in most countries. In Luxembourg, it is almost the rule!
  • The new buildings offer very high quality materials and services compared to other countries’ (underfloor heating, triple glazing, double-flow ventilation);
  • While homes often include one or two parking spaces, new construction tends to offer only one. However, it is still possible to purchase additional spaces.

In short, the Luxembourg market is focused on spacious homes, often designed for single couples or couples with one child. This does not mean that these are the only properties for sale. It is simply the main trend on the luxembourgish real estate market.

3. Real estate prices in Luxembourg

In Luxembourg, the real estate market is very dynamic. The fact that land owners don’t sell and that demand keeps rising pushes the prices up by an average of 10% per year. This is considerable. Buying in Luxembourg is therefore a wise option: and the sooner the better!

Unsurprisingly, the Central and Southern regions top the search trend rankings. They attract 38% and 33% of atHome’s users respectively. These figures can be explained in part by :

  • Luxembourg city
  • Esch-sur-Alzette

Two cities that together account for half of Luxembourg’s population.

The third most attractive region remains the West with 13%, followed by the North with 9% and the East with 7%.

It now looks more interesting to invest in these regions before prices catch up with those in the Center and West. Especially since many large urban planning projects (like the current tramway extension) are tending to even out prices across the Grand Duchy.

4. Which region should you choose according to your needs and budget?

Here is a sneak peek at each region’s real estate market:

North: between environmental beauty and affordable prices

Indeed, the North region attracts many people thanks to its lower prices than in the rest of the country. The average budget for an apartment is 552,651€. 815,240€ for a house.

If you are looking for a house, the Northern region is the place for you.

South: 2nd most attractive region in Luxembourg

Unlike the North, the South is an ideal region if you want to invest in an apartment. It may be the smallest region in the Grand Duchy, but it still accounts for a third of the apartments for sale in Luxembourg.

In average, an apartment costs 562 645€ and a house costs 1 025 350€.

East: appeal drives prices up

The East region has all the necessary assets to attract families and people looking for tranquility. In this region, apartments are very popular.

For a flat, the average price observed is 617 949€. On the other hand, the price of a house reaches an average of 1 025 350€.

Centre: the most sought-after region. But at what cost?

With this craze for the Centre region, prices naturally increase. Indeed, you should expect to find apartments with prices that are on average 20% higher than the national average.

If you wish to invest in the center of the Grand Duchy, you will need to count on approximately 865 087€ for an apartment and 1 576 378€ for a house.

West: still the 2nd most expensive region in the Grand Duchy

Its proximity to the Centre region and to the capital has a direct impact on prices. You should expect to pay €795,777 for an apartment and €1,187,968 for a house in the West.

atHome

Ecrit par

atHome

Posté le

07 janvier 2022

magnifiercrossmenuchevron-down