Luxembourg · report
Past price cycles in Luxembourg
Sale prices have fallen by 3% or more once since 2007. That fall began in 2022.
- Deepest fall
- −11.8%
- Recovery from the low
- Not yet
Prices in Luxembourg, indexed
Average sale prices of existing apartments, both set to 100 in 2007.
- Luxembourg
- 100 = 2007
Show the numbers
| Period | Luxembourg |
|---|---|
| 2025 | 221.6 |
| 2024 | 219.7 |
| 2023 | 230.7 |
| 2022 | 249.0 |
| 2021 | 231.1 |
| 2020 | 200.0 |
| 2019 | 172.7 |
| 2018 | 159.0 |
| 2017 | 145.5 |
| 2016 | 136.7 |
| 2015 | 127.5 |
| 2014 | 123.3 |
| 2013 | 118.6 |
| 2012 | 114.0 |
| 2011 | 110.0 |
| 2010 | 104.5 |
| 2009 | 99.5 |
| 2008 | 102.0 |
| 2007 | 100.0 |
Every fall of 3% or more
From the peak to the lowest month after it, and how long prices took to get back.
| Peak | Low | Fall | Months falling | Months to recover |
|---|---|---|---|---|
| 2022 | 2024 | −11.8% | 24 | Not yet |
Luxembourg against the EU since 2015
Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.
- Luxembourg
- EU
- 2015 = 100
Show the numbers
| Period | Luxembourg | EU |
|---|---|---|
| Q2 2026 | 166.4 | 168.6 |
| Q1 2026 | 164.6 | 166.5 |
| Q4 2025 | 164.0 | 164.6 |
| Q3 2025 | 164.0 | 163.5 |
| Q2 2025 | 170.1 | 161.0 |
| Q1 2025 | 162.5 | 158.5 |
| Q4 2024 | 164.2 | 156.2 |
| Q3 2024 | 162.4 | 155.1 |
| Q2 2024 | 162.6 | 152.7 |
| Q1 2024 | 160.9 | 149.8 |
| Q4 2023 | 162.0 | 148.9 |
| Q3 2023 | 165.5 | 149.1 |
| Q2 2023 | 177.0 | 148.2 |
| Q1 2023 | 181.2 | 147.6 |
| Q4 2022 | 189.4 | 148.7 |
| Q3 2022 | 192.3 | 150.9 |
| Q2 2022 | 188.2 | 149.6 |
| Q1 2022 | 184.2 | 146.2 |
| Q4 2021 | 179.4 | 143.2 |
| Q3 2021 | 173.2 | 140.2 |
| Q2 2021 | 168.7 | 136.0 |
| Q1 2021 | 167.1 | 132.1 |
| Q4 2020 | 160.1 | 129.8 |
| Q3 2020 | 152.7 | 128.1 |
| Q2 2020 | 148.7 | 126.3 |
| Q1 2020 | 142.7 | 124.4 |
| Q4 2019 | 137.2 | 122.7 |
| Q3 2019 | 134.2 | 121.5 |
| Q2 2019 | 131.3 | 119.8 |
| Q1 2019 | 124.9 | 117.6 |
| Q4 2018 | 124.1 | 116.8 |
| Q3 2018 | 120.8 | 115.9 |
| Q2 2018 | 118.9 | 114.2 |
| Q1 2018 | 117.9 | 112.3 |
| Q4 2017 | 113.7 | 111.2 |
| Q3 2017 | 112.3 | 110.4 |
| Q2 2017 | 112.3 | 108.8 |
| Q1 2017 | 110.1 | 106.9 |
| Q4 2016 | 108.9 | 106.1 |
| Q3 2016 | 107.1 | 105.4 |
| Q2 2016 | 105.6 | 103.8 |
| Q1 2016 | 102.7 | 102.0 |
| Q4 2015 | 101.1 | 101.1 |
| Q3 2015 | 101.3 | 100.8 |
| Q2 2015 | 99.8 | 99.8 |
| Q1 2015 | 97.8 | 98.3 |
The Observatoire de l'Habitat's sale prices of existing apartments go back to 2007 for the country, its communes and the cantons where most communes are priced. They are yearly, so falls are dated by year and short dips inside a year do not show. They are means, not adjusted for the mix of apartments sold. A fall counts once prices drop 3% below a peak, and ends when they are back at it.
Other reports for Luxembourg
At the average sale price of existing apartments, a 90 m² home costs €699,612. With 10% down and a 30-year mortgage, the payment is €2,859 a month. Luxembourg sets no cap on the payment; the CSSF caps the loan at 100% of the home's value for first-time buyers who will live in it, 90% for other owner-occupiers and 80% for other buyers.
- Payment, two incomes
- 22%
- Payment, one income
- 44%
Owning a 90 m² apartment costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the mean price existing apartments sold for; rent is the asking rent. Repaying the loan is saving, so it is left out.
- Rent per month
- €3,569
- Owning per month
- €2,764
In 2025, apartments were advertised at 21.7% more per m² than apartments sold for. A year ago the gap was +26.1%.
- Gap today
- +21.7%
- Change in a year
- −4.3 pp
18.7% fewer homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 3,914
- Per 1,000 residents
- 5.7
In 2022 the population grew by 16,252 while 3,471 homes were finished: 4.7 new residents for every new home.
- New residents per new home, 2022
- 4.7
- Population change, 2022
- +16,252
5.8% of the 263,671 homes counted in the 2021 census had nobody resident in them.
- Empty, 2021 census
- 5.8%
- Empty homes
- 15,337
Public bodies signed €14.6M of housing works here in 2025, and €47M since 2018.
- Signed in 2025
- €14.6M
- Per resident, 2025
- €21