Scientists and trend researchers are currently trying to analyse the effects of the Corona pandemic on people's lives worldwide. As the pandemic has a significant impact on people's living habits, Engel & Völkers Luxembourg has conducted a comprehensive survey with almost 200 participants to determine possible changes in Luxembourgers' living and housing preferences. The study will be evaluated and presented in three parts.
Although the Grand Duchy's charm can seduce in any season, very few Luxembourgers want to spend their holidays in their own country. This goes against the trend observed in other European nations. Germans and Austrians, for example, are increasingly planning to spend their summer in their own country, compared to pre-Corona years.
Interest in holiday homes in the Mediterranean already rose to a record high last year. This year, property prices on the Balearic Islands in Spain, have risen by 14% compared to last year and Christoph Feigenbutz, Engel & Völkers Country Manager Italy, reports that demand from Northern and Central Europeans for popular second-home-regions in Italy has grown noticeably.
Given current uncertainties, when planning a holiday in another country, 40% of survey participants have indicated that they will travel by car. This is understandable as road trips guarantee more flexibility and, given current and unforeseeable restrictions, holiday destinations can be adapted more easily. From Luxembourg, it only takes about 8 hours to drive to the French Mediterranean coast. Indeed, this journey doesn't require air travel. 14% of respondents who have chosen a holiday destination in Northern Europe have also indicated a preference for road travel. Popular destinations in Belgium and the Netherlands can be reached from Luxembourg in just 2 to 3 hours by car.
One-tenth of the participants are nevertheless drawn to distant countries and other continents. They are planning a trip overseas despite (or because of) the current restrictions in the Grand-Duchy. Another 15% are drawn to the most beautiful cities in Europe. Many feel the need to stroll through the streets of the most exciting cities to discover foreign art and culture.