Monaco, Dubai or “normal” city? – Luxembourg reaches tipping point

Dr Antoine Paccoud, researcher at LISER, talks about his insights into the Luxembourgish housing market.

In the study, based on data released by the Housing Observatory in 2019, the authors were able to confirm that public actors play a very marginal role in the provision of housing in Luxembourg. Instead, 90% of the buildable land is owned by private actors.

There is what Dr Paccoud describes as a “double concentration” problem: on the one hand a concentration of private owners owning significant amounts of land, and on the other the fact that land, when for sale, is usually purchased by one of the few large developers in the country.

Natascha Berndt, 06.10.2021, RTL Today