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

What is the most expensive city in the world ? (UBS study)

UBS conducted a study about cost of living in 77 cities around the world. Result? Zurich is the most expensive city worldwide, while Luxembourg ranks 15th. But what about housing prices? How is Luxembourg's real estate market positioned? Engel & Völkers answers these questions by making you discover this study.

The cost of living and housing in Luxembourg

In order to estimate the cost of housing across the world's largest cities, UBS analyzed the prices of standardized apartments according to Western preferences. That is to say apartments with their own bathroom and kitchen. The prices analyzed include amenities (energy, water) but not the cost of a garage. In all cities, cost of housing represents the largest expense for households, i.e. more than 20% of their total disposable income. The most expensive city in the world in terms of housing is Hong Kong, followed by New York and Paris. Luxembourg remains very competitive and is in 7th position. Indeed, the capital of the Grand Duchy is the 5th richest city in the world in terms of purchasing power of its inhabitants. It is also the 3rd city in the world where wages are the two major Swiss cities.

All these indicators make Luxembourg one of the most attractive cities in the world. Its real estate market, both buoyant and competitive, is a real gold mine for investors around the world. At Engel & Völkers, we are happy to guide you through your real estate project.




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
        )

)