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The average cost of a house in Luxembourg is just under €750,000 - we had a look at what that can get you here, and elsewhere..
Towards the end of last year, Statec announced that the average price of a house in Luxembourg was €742,335. We've rounded that up to €750,000, and taken a look at what that can get you in Luxembourg.. and further afield.
In this first comparison article, we've taken a look at what you can get for that price here in Luxembourg, and in Malmo, Sweden.
€750,000 in Luxembourg
To get a clear an idea as possible for Luxembourg, we gathered a bit of data from every listing on Athome.lu priced at €750,000 (houses only; no flats), and had a look at what this would get you. We have not made a distinction here in terms of geography - this is an average for the country as a whole.
These narrow criteria resulted in a list of 17 properties, and on average you get
Parking spaces: 2.2
Square metres: 175.5
The below gallery provides an example of two 'average' properties, with about as many bedrooms and bathrooms as you would expect for €750,000 according to the above.
€750,000 in Malmo
We decided to start with Malmo partly because this editor is Swedish, and partly because it is in some ways a comparable region. It's right across the bridge from Copenhagen, the capital of Denmark, and both cities are strong regional economic hubs. Both Sweden and Denmark also have labour costs in the same region - according to 2018 Eurostat data, the estimated hourly labour cost in Denmark is €43.5, Luxembourg €40.6, and Sweden €36.6 (most, second-most, and fourth-most in the EU, respectively).
House listings in Sweden contain slightly different details, so the averages here were (5 properties):
Rooms (excluding kitchen): 7
Square metres: 249
The gallery below contains images from two properties. One features 9 rooms, 285m2, 3 bathrooms and a 1463m2 garden. The other 6 rooms, 3 bathrooms, 295m2, and a 1022m2 garden.