Price of a flat in Luxembourg doubles in eight years

A 80 square metre flat cost on average €696,000 last year, up from €349,000 in 2013

The price of a flat in Luxembourg almost doubled between the start of 2013 and the end of last year, figures from the country’s official statistics agency Statec showed on Thursday, just weeks after the International Monetary Fund urged the government to urgently intervene in the housing market.

A flat of 80 square metres cost buyers an average of €696,000 at the end of 2021, roughly double the price in 2013, when it was priced at €349,000. 

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Yannick Hansen, Luxembourg Times, 24.03.2022

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