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Luxembourg City · report

Past price cycles in Luxembourg City

Sale prices have fallen by 3% or more 2 times since 2007. The deepest began in 2022.

Deepest fall
−13.5%
Recovery from the low
Not yet

Prices in Luxembourg City and in Luxembourg, indexed

Average sale prices of existing apartments, both set to 100 in 2007.

  • Luxembourg City
  • Luxembourg
  • 100 = 2007
Show the numbers
PeriodLuxembourg CityLuxembourg
2025255.8221.6
2024249.8219.7
2023258.9230.7
2022288.6249.0
2021277.8231.1
2020255.6200.0
2019224.9172.7
2018201.7159.0
2017176.2145.5
2016165.3136.7
2015149.5127.5
2014139.9123.3
2013133.0118.6
2012126.3114.0
2011117.6110.0
2010109.0104.5
2009101.199.5
2008106.1102.0
2007100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
20082009−4.6%1212
20222024−13.5%24Not 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
PeriodLuxembourgEU
Q2 2026166.4168.6
Q1 2026164.6166.5
Q4 2025164.0164.6
Q3 2025164.0163.5
Q2 2025170.1161.0
Q1 2025162.5158.5
Q4 2024164.2156.2
Q3 2024162.4155.1
Q2 2024162.6152.7
Q1 2024160.9149.8
Q4 2023162.0148.9
Q3 2023165.5149.1
Q2 2023177.0148.2
Q1 2023181.2147.6
Q4 2022189.4148.7
Q3 2022192.3150.9
Q2 2022188.2149.6
Q1 2022184.2146.2
Q4 2021179.4143.2
Q3 2021173.2140.2
Q2 2021168.7136.0
Q1 2021167.1132.1
Q4 2020160.1129.8
Q3 2020152.7128.1
Q2 2020148.7126.3
Q1 2020142.7124.4
Q4 2019137.2122.7
Q3 2019134.2121.5
Q2 2019131.3119.8
Q1 2019124.9117.6
Q4 2018124.1116.8
Q3 2018120.8115.9
Q2 2018118.9114.2
Q1 2018117.9112.3
Q4 2017113.7111.2
Q3 2017112.3110.4
Q2 2017112.3108.8
Q1 2017110.1106.9
Q4 2016108.9106.1
Q3 2016107.1105.4
Q2 2016105.6103.8
Q1 2016102.7102.0
Q4 2015101.1101.1
Q3 2015101.3100.8
Q2 201599.899.8
Q1 201597.898.3

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 City

Affordability

Figures for Luxembourg canton: Luxembourg City has no reliable figures of its own.

At the average sale price of existing apartments, a 90 m² home costs €924,268. With 10% down and a 30-year mortgage, the payment is €3,777 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
29%
Payment, one income
58%

Buy or rent

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
€4,088
Owning per month
€3,652

Asking against sale price

In 2025, apartments were advertised at 20.4% more per m² than apartments sold for. A year ago the gap was +28.8%.

Gap today
+20.4%
Change in a year
−8.4 pp

New homes

Figures for Luxembourg canton: Luxembourg City has no reliable figures of its own.

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

Empty homes

10.0% of the 61,920 homes counted in the 2021 census had nobody resident in them.

Empty, 2021 census
10.0%
Empty homes
6,189