Immotop.lu analyses property price trends in Luxembourg in the report it publishes on its platform. Photo: Immotop.lu

Immotop.lu analyses property price trends in Luxembourg in the report it publishes on its platform. Photo: Immotop.lu

Based on the property advertisements published on its website, Immotop.lu tracks property price trends in Luxembourg on a quarterly and annual basis.

On a national scale

In the third quarter of 2024, the average price of a home for sale in Luxembourg was €8,488 per square metre, which was considerably lower than the previous year (€8,946 per square metre in the third quarter of 2023). Compared with the second quarter of 2024, when the average price was €8,670/m2 for the purchase of a property in Luxembourg, the average price per m2 has fallen by -2.1%.

A home in energy class G cost an average of €7,089/m2, while a home in energy class A cost an average of €9,467/m2, a difference of €2,378/m2. This difference reflects the growing importance attached to the energy performance of properties, particularly as energy costs continue to rise. Buyers are increasingly opting for better-insulated homes that consume less energy, attracted by the potential for long-term savings.

By region

Looking at Luxembourg’s different regions, the average price per m2 in the third quarter of 2024 was €10,883/m2 for the Centre region, €6,972/m2 for the South region, €6,107/m2 for the North region, €7,089/m2 for the East region and €7,929/m2 for the West region. Regional disparities reflect the economic dynamism and attractiveness of certain areas, particularly the Centre region, which remains the most sought-after because of its proximity to Luxembourg City and its numerous infrastructures.

Districts of the capital

In the capital, the average price per square metre was €12,462 in the third quarter of 2024, 1.4% less than in the previous quarter. Some districts are well above this average, such as Belair (€14,647/m2) and Neudorf-Weimershof (€12,802/m2). Beggen (€9,596/m2) and Rollingergrund (€8,707/m2) were the least expensive districts in the third quarter of 2024.

The slight fall in prices in the capital can be explained by a slightly greater supply on the market and demand that is stabilising. Although prices have fallen slightly in prestigious districts such as Belair, they are still high, reflecting the continuing appeal of these areas. This moderate fall may be linked to an adjustment in the market, while retaining a clientele ready to invest in top-of-the-range properties, despite the general downward trend.

The figures in this report are based on real estate ads for sale published on the platform.