Key information about House Prices Growth

• Luxembourg house prices dropped 1.7% YoY in Sep 2024, following a decrease of 8.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2008 to Sep 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.2% in Mar 2021 and a record low of -14.5% in Dec 2023.

Graph and download economic data for Residential Property Prices for Luxembourg (QLUN628BIS) from Q1 2007 to Q4 2024 about Luxembourg, residential, HPI, housing, price index, indexes, and price.

Housing Index in Luxembourg decreased to 162.28 points in the first quarter of 2025 from 164.25 points in the fourth quarter of 2024. This dataset provides - Luxembourg House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the average price of an apartment (including both newly-constructed as well as existing property) in the country of Luxembourg from 2010 to 2018. During this period in consideration, the average price of apartments continuously rose, year-on-year. During these nine years, the price increased at approximately ******* thousand euros. The peak was recorded in 2018, at roughly ***** thousand euros.

Luxembourg Houses Sold: Number of Transactions: Flats data was reported at 1,734.000 Unit in Dec 2024. This records an increase from the previous number of 1,140.000 Unit for Sep 2024. Luxembourg Houses Sold: Number of Transactions: Flats data is updated quarterly, averaging 1,448.000 Unit from Mar 2007 (Median) to Dec 2024, with 72 observations. The data reached an all-time high of 2,335.000 Unit in Dec 2017 and a record low of 749.000 Unit in Dec 2023. Luxembourg Houses Sold: Number of Transactions: Flats data remains active status in CEIC and is reported by Statistics Portal of Luxembourg. The data is categorized under Global Database’s Luxembourg – Table LU.EB001: House Price Index and Houses Sold.

This statistic shows the average selling price of a house in Luxembourg City compared to the national average selling price from 2016 to the second quarter of 2018 (in euros per square meter). In 2017, there was an increase in the selling price of a house both in Luxembourg City as well as in the country of Luxembourg compared to the previous year. In 2018, both city and country prices decreased considerably, recording the lowest values of these time in consideration. Overall, during the three years here recorded, the average selling price of a house in Luxembourg city was always higher than the national average.

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

House price index in Luxembourg, December, 2024 The most recent value is 204.89 index points as of Q4 2024, an increase compared to the previous value of 202.64 index points. Historically, the average for Luxembourg from Q1 2007 to Q4 2024 is 144.09 index points. The minimum of 90.67 index points was recorded in Q1 2007, while the maximum of 239.95 index points was reached in Q3 2022. | TheGlobalEconomy.com

This statistic shows the average asking price of houses and apartments in Luxembourg from the first quarter of 2013 to the third quarter of 2017 (in euros). As of the third quarter of 2017, the price of a house was estimated at approximately ****** euros or ***** euros per square meter.

In recent years, the housing market of the Grand Duchy of Luxembourg was affected by two developments: an increasing population due to the arrival of new residents from foreign countries and new dwellings not matching up to the population increase. As such, prices of residential property have increased.

The house price to income index in Europe declined in almost all European countries in 2023, indicating that income grew faster than house prices. Portugal, Luxembourg, and the Netherlands led the house price to income index ranking in 2023, with values exceeding *** index points. Romania, Bulgaria, and Finland were on the other side of the spectrum, with less than 100 index points. The house price to income ratio is an indicator for the development of housing affordability across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. A ratio higher than 100 means that the nominal house price growth since 2015 has outpaced the nominal disposable income growth, and housing is therefore comparatively less affordable. In 2023, the OECD average stood at ***** index points.

Based on the asking price from one of Luxembourg's real estate agencies, there were large differences in residential property prices in the different neighborhoods of Luxembourg City. The average price (which includes both houses as well as apartments) was highest in the city district of Limpertsberg: more than ****** euros per square meter. The district of Weimerskirch was nearly twice as cheap with an average price of ***** euros per square meter. Nearly one third of the population in the Grand Duchy of Luxembourg lived in the canton of Luxembourg (Luxembourg City and its surroundings in 2019).

The housing costs compared to the EU average differ significantly between Member States. The highest housing costs in 2021 compared to the EU average were found in Ireland (94 % above the EU average), Luxembourg (87 % above) and Denmark (78 % above). The lowest, on the other hand, were observed in Bulgaria (64 % below the EU average) and Poland (62 % below).

More at: https://ec.europa.eu/eurostat/cache/digpub/housing/bloc-2a.html?lang=en&lang=en

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Real residential property prices Y-on-Y, percent change in Luxembourg, December, 2024 The most recent value is 0.42 percent as of Q4 2024, an increase compared to the previous value of -3.48 percent. Historically, the average for Luxembourg from Q1 2008 to Q4 2024 is 2.76 percent. The minimum of -17.26 percent was recorded in Q3 2023, while the maximum of 16.06 percent was reached in Q4 2020. | TheGlobalEconomy.com

Luxembourg - Median of the housing cost burden distribution: Cities was 16.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Luxembourg - Median of the housing cost burden distribution: Cities - last updated from the EUROSTAT on July of 2025. Historically, Luxembourg - Median of the housing cost burden distribution: Cities reached a record high of 18.60% in December of 2023 and a record low of 8.50% in December of 2016.

This survey shows the share of respondents who expect housing prices to rise in the Benelux countries from 2014 to 2016*. Of the Benelux countries, Luxembourg has the most respondents expecting that housing prices will rise over the next 12 months.

Luxembourg - Median of the housing cost burden distribution: 65 years or over was 9.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Luxembourg - Median of the housing cost burden distribution: 65 years or over - last updated from the EUROSTAT on July of 2025. Historically, Luxembourg - Median of the housing cost burden distribution: 65 years or over reached a record high of 9.20% in December of 2023 and a record low of 4.90% in December of 2014.

Luxembourg - Median of the housing cost burden distribution: Females was 15.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Luxembourg - Median of the housing cost burden distribution: Females - last updated from the EUROSTAT on July of 2025. Historically, Luxembourg - Median of the housing cost burden distribution: Females reached a record high of 15.70% in December of 2024 and a record low of 6.80% in December of 2021.

Luxembourg - Median of the housing cost burden distribution: Less than 18 years was 17.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Luxembourg - Median of the housing cost burden distribution: Less than 18 years - last updated from the EUROSTAT on July of 2025. Historically, Luxembourg - Median of the housing cost burden distribution: Less than 18 years reached a record high of 18.10% in December of 2023 and a record low of 6.50% in December of 2021.

Luxembourg - Median of the housing cost burden distribution: Above 60% of median equivalised income was 13.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Luxembourg - Median of the housing cost burden distribution: Above 60% of median equivalised income - last updated from the EUROSTAT on June of 2025. Historically, Luxembourg - Median of the housing cost burden distribution: Above 60% of median equivalised income reached a record high of 13.40% in December of 2023 and a record low of 5.80% in December of 2021.