In Strassen, the average advertised monthly rent for an apartment in 2018 was €1,762
Tenants signing a lease on an apartment in the capital in 2018 paid on average €1,858 a month according to the rates advertised, new figures published by the Observatoire de l’Habitat have revealed.
The data, published on Wednesday, showed that while rents were the highest in the capital, reflecting its attractiveness as a place to live, some communes were not far behind. In Strassen, the average advertised rent was €1,762, in Kopstal €1,669, in Hesperange it was €1,667 and Mamer, €1,615.
The report excluded communes with zero or an insufficient number of advertised apartments to calculate an average.
The five cheapest communes to rent a flat, meanwhile, were Wiltz, €944, Clervaux, €973, Differdange, €1,046, Weiswampach, €1,076 and Echternach, €1,078.
Rents per square metre
Before tenants rush out to secure a home in any of these places, it is worth noting that the price varied depending on size. When considering rents per square metre, the capital remained the most expensive (€29.04), this time closely followed by the Niederanven (€27.63), Strassen (€22.37), Bertrange (€21.99) and Lorentzweiler (€21.65).
The bargains were found in Clervaux (€12.65), Weiswampach (€13.17), Wiltz (€13.48), Remich (€13.85) and Ettelbruck (€14.40).
Supply and demand
Recent Eurostat figures found that house prices rose 50% in Luxembourg from 2010 to 2018. Rents in the most sought-after areas of Luxembourg rose by over 65% from 2007 to 2016. These spiraling costs are driven by a lag in construction and a population explosion, driven by migration.
Luxembourg’s current housing minister, Sam Tanson (déi gréng), explained in March that the country is building on average 2,900 housing units per year. Statistics body Statec, meanwhile, estimated that Luxembourg would need to construct the equivalent of 6,500 unites per year from 2010 to 2030 to keep up with demand and stabilise house prices. Among the issues Tanson said are the rising cost of construction land, which has grown between 5.2% and 6.1% a year since 2010. The government is looking at increasing the density of homes in future constructions, among other things, as part of its strategy to meet demand and stabilise prices.
The chart below shows the number of advertised apartments for rent in each commune in 2018. Communes with no postings were not included.