Property for sale in Luxembourg
The Grand Duchy real estate market is constantly expanding with many kind of property for sale in Luxembourg such as renovation of historic buildings, construction of residential complexes, office buildings, shopping centers, stations and parking lots.
In the most prestigious residential areas of the capital, the quotations per square meter for luxury homes reach from 14,000 to 18,000 euros. Different economic and financial interests contribute to sustaining a big demand, with the consequence of a continuous rise in prices for properties for sale in Luxembourg.
In the third quarter of 2017, prices for property for sale in Luxembourg, homes increased by 5% year-on-year, with new apartment's prices that had a significant rise of 6% . If you choose to buy a new home in Luxembourg its price could be on average from 25 to 30% more expensive than an old home.
The Capital Luxembourg has a strong attraction in the area of housing, thanks to workplaces, location of schools and economic dynamism.
If you need property for sale in Luxembourg ,the canton of Luxembourg offers prices between 7.811 euros per square metres for a new flat and 6.563 euros for an old one.
Luxembourg will join the ranks of cities such as Berlin, Frankfurt, and Munich as the top cities for real estate investment and development in 2018. For this reason Luxembourg becomes 9th most attractive city in Europe.
A negative aspect for people who wants a property for sale in Luxembourg is that this country of 590,000 inhabitants is expensive to live in; another problem is that there are possible issues with infrastructure, because there may not be enough residential and schools planned to accommodate a large influx of new businesses.
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