|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
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.
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.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in Luxembourg
Which parts of the world are most attractive for property investment today?