|Last Updated: Mar. 14, 2013|
|LUXEMBOURG - Apartments||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|75 sq. m.||448,275||1,442||3.86%||5,977||19.23%|
|120 sq. m.||680,280||2,180||3.85%||5,669||18.17|
|175 sq. m.||1,158,850||3,281||3.40%||6,622||18.75|
|MOSELLE - Houses|
|125 sq. m.||409,875||n.a.||n.a.||3,279||n.a.|
|250 sq. m.||795,750||n.a.||n.a.||3,183||n.a.|
|OESLING - Houses|
|125 sq. m.||339,375||n.a.||n.a.||2,715||n.a.|
|250 sq. m.||605,500||n.a.||n.a.||2,422||n.a.|
Luxembourg City: Belair, City Centre, Grund, Kirchberg, and Limpertsberg
Moselle: Grevenmacher, Mondorf-Les-Bains, Remich, and Wasserbillig
Oesling: Clervaux, Vianden, and Wiltz
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
It will come as no surprise that residential property in Luxembourg is quite expensive. This is an upscale city, and one pays upscale prices for property. One can expect to pay as much as €6,600 per square metre (sq. m.) for an apartment in the best areas of Luxembourg: Belair, City Centre, Kirchberg, and Limpertsberg.
Yields are low. This is not a city where you can expect to make good money by owning and renting out property. This is nice for the many visiting expatriates, who can rent properties at quite reasonable rents - €1,400 per month for a 75 sq. m, apartment, €3,300 for a 175 sq. m. apartment.
Rental yields, at between 3.86% for smaller sized apartments, and 3.40% for lager apartments are rather low - as one would expect in a high-end city.
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