Luxembourg City stands out with a truly unique real estate market, characterized by significantly higher prices compared to the rest of the country. This distinctiveness is driven by strong demand from both Luxembourg residents and expatriates. A closer look at the specifics of the capital's real estate market.
Whether you are looking for a house or an apartment in Luxembourg City, you'll face similar challenges. Securing accommodation in the capital of the Grand Duchy can be time-consuming, prompting many individuals to turn to real estate agencies for assistance in finding a property that suits their budget and space needs. The demand is significant to the extent that several initiatives are underway to improve Luxembourg's housing situation.
Property prices in Luxembourg
The variations in property prices within different districts of the capital city are quite significant. As of November 2024, the average prices for residential properties in the Luxembourg commune were reported as €12,048 per square meter for sales and €33.95 per square meter for rentals.
Luxembourg districts
Luxembourg City is divided into 24 districts, each with its own unique character. The city center (Ville Haute) serves as the historical and tourist heart, while Kirchberg is a modern economic hub housing European institutions.
Residential neighborhoods like Belair, Limpertsberg, and Merl are popular with expatriates, offering a peaceful and family-friendly environment. Clausen and Grund stand out for their heritage and vibrant nightlife. In the south, developing areas like Hollerich and Gasperich are undergoing significant modernization, especially around the Cloche d'Or, which is becoming a key attraction.
Finally, quieter neighborhoods like Cents and Eich offer a green and serene setting, perfect for those seeking a tranquil environment.. Additionally, many Luxembourg's districts are characterized by a high density of forests and farmland.
The distinct character of each district is highlighted by factors such as population size, urban expansion, and the accessibility provided by the various transportation options within Luxembourg City.
Finding accommodation in Luxembourg
When searching for housing in Luxembourg, consider checking local newspapers and exploring real estate websites online. It is also possible to go through a real estate agency, with agency fees equivalent to one month's rent plus 17% VAT, split equally between the tenant and the landlord.
Additionally, relocation agencies cater to newcomers who are moving to Luxembourg. These agencies help you find suitable housing and manage other essential tasks, such as finding schools for your children and handling various administrative procedures. These services can contribute to a smoother transition and adjustment to life in the city.
Finally, note that since August 1, 2024, rental deposits in Luxembourg have been capped at a maximum of two months' rent.
Useful links:
Expat.com - Housing in Luxembourg
Housing in Luxembourg
At Home
Immotop
Appartager
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