Successful bid price of residential ESS project in Luxembourg 2026

How has the Luxembourg real estate market changed in 2024?

The Luxembourg real estate market has experienced significant fluctuations and developments over the past two years. In 2024, the market showed signs of recovery, with stabilising prices and increased transaction volumes.

How will Luxembourg's new infrastructure projects impact the real estate market?

These projects are expected to enhance the infrastructure and attractiveness of Luxembourg’s real estate market, providing new opportunities for investors and homebuyers. Other key infrastructure projects will also be developed in the south of the country, such as the construction of the Südspidol project.

Are property prices still high in Luxembourg?

Despite the decline, property prices in Luxembourg remain high, according to the International Monetary Fund (IMF). "Housing price growth, both real and nominal, has moderated but remained high even as demand has declined," said the IMF in its 2023 report.

How does Luxembourg support the real estate market?

The Luxembourg government has played a significant role in supporting the real estate market through various housing aid measures. In April 2025, the Luxembourg Times reported that temporary housing aid measures had been extended until June 2025.

What are the challenges facing the Luxembourg real estate market?

One of the key challenges facing the Luxembourg real estate market is housing affordability. The high cost of housing has made it difficult for many residents to get on the housing ladder, leading to increased demand for affordable housing solutions.

How much did apartments cost in Luxembourg in Q1 2024?

During the year to Q1 2024, the average selling price for apartments fell by 8.72% to €7,802 (US$8,483) per square metre (sqm), according to the STATEC Luxembourg, the country's national statistics agency. It was the fifth consecutive quarter of year-on-year price falls.