The cost of renting a flat has gone up 2% and of renting a house 1% over the past year, according to a report published by a property listings website.
The average rent in the Grand Duchy for an apartment was €1,359 and €2,460 for a house, AtHome.lu said on its blog (in French) on Monday.
The company’s report is based on an analysis of roughly 30,500 postings on its website between September 2015 and September 2016.
Prices for studios have risen 3% over the past six months, the firm stated. Rents for houses with four or more bedrooms were up between 3% and 4%.
Homebuyers faced similar increases. The asking price for existing apartments rose 4.35%, to an average of €410,925, and rose 3% for existing homes, to an average of €694,636.
Asking prices for newly constructed property rose 3% over the past 12 months. The average posted price for a newly built apartment was €495,825. AtHome.lu said the biggest demand was for 2 bedroom flats, particularly for first time homeowners.