Luxembourg

Financial Overview

Property Search

Global Statistics

House Prices

Regional Statistics

Mar 14, 2013

Luxembourg prices up, yields range from 3.71% to 3.88%

			Last Updated: Mar. 14, 2013
LUXEMBOURG - Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
LUXEMBOURG - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	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.
Districts researched: 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

Investors in Luxembourg residential property have had a good year. The average price per square metre (sq. m.) of apartments in Luxembourg increased by about 13% in the year since our last Global Property Guide residential yields survey. The Statec Luxembourg apartment price database similarly showed an 11.11% price increase, during 2011.

It will come as no surprise that residential property in Luxembourg is expensive. This is an upscale city, and one pays upscale prices for property. One can expect to pay as much as €7,300 per sq. m. for an apartment in the best areas of Luxembourg: Belair, City Centre, Kirchberg, and Limpertsberg. Last year, apartment prices in Luxembourg’s best districts ranged from around €5,500 to around €6,000 per sq. m.

The prices of countryside houses in Moselle and Oesling have remained stable, at around €3,000 and €2,000 per sq. m., respectively.

Apartment rents have remained at the same levels as last year, so there has been some decline in rental yields, which, at between 3.71% to 3.88% for smaller sized apartments, are rather low - as one would expect in such a high-end city.

Luxembourg - more data and information

Comments

Be the first to comment on this article!

Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.