This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.
X

Rental prices in Luxembourg City

For many years in the Grand-Duchy of Luxembourg, real estate prices have been rising. Through this article, experts from the real estate group Engel & Völkers offer you an analysis of rentals prices within the capital. How ranks Luxembourg-City compared to other financial centres in Europe? Are there major differences within the capital itself? What are the market trends for the coming years?

Luxembourg city is very competitive compared to other European capitals

According to a report published by the international ECA, Luxembourg is the 11th most expensive city in Europe in terms of property rents. Not surprisingly, London maintains the first place in the ranking, followed by Moscow and Zurich. The most expensive capital has an average rent of £3,693, or €4,177 per month for an apartment. Located in the heart of Europe, Luxembourg appears to be a very competitive city. Indeed, rentals remain affordable compared to other European financial centres. In 2017, the average rent was 1.444€ for an apartment.

Average rent per district in Luxembourg City

Kirchberg: average rent ≈ 1.936 €
Center: average rent ≈ 1.888 €
Limpertsberg: average rent ≈ 1.853 €
Belair: average rent ≈ 1.850 €
Merl: average rent ≈ 1.681 €
Hollerich: average rent ≈ 1.586 €
Gasperich: average rent ≈ 1.514 €
Cents: average rent ≈ € 1,497
Beggen: average rent ≈ 1.411 €
Cessange: average rent ≈ 1.379 €
Gare: average rent ≈ 1.260 €

(Source: l’Observatoire de l’Habitat, calculation period: July 1st 2016 - June 30th 2017)

Mid-term market trends for the rental market

In the coming years, the Grand Duchy of Luxembourg expects a population influx related to the growth of its economic and financial centre. First, newcomers tend to rent to familiarize themselves with the country. Therefore, the demand for properties is expected to increase considerably. Although many, the new projects will certainly not be enough to meet this growing demand. Rents will therefore tend to increase in the city but also in the other regions of the Grand-Duchy.

Contact us now

Engel & Völkers Luxembourg
Email
Back
Contact
Enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.

You can find out in detail here which data is stored and who can access it.

I can revoke my consent at any time for the future.

Send now

We know the true value of your property

Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.
Send now
Back
Contact
Enter your contact details here
Thank you for your request. We will contact you shortly.

Your Engel & Völkers Team
Salutation
  • Mr.
  • Mrs.
Please enter the property information.

You can find out in detail here which data is stored and who can access it.

I can revoke my consent at any time for the future.

Send now

Follow us on social media



Array
(
    [EUNDV] => Array
        (
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_offer-form] => MTM5MjE5NzU3NkJ4d29xancwTDVhZWFIRzEycXAxcW9SdElHdVBqMTdV
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_contact-form] => MTM5MjE5NzU3NnlHcUR0Y2VlTXVPUndLMHZkMW9zMnRmRlgxaUcwaFVG
        )

)