The tale of woe of Luxembourg’s housing prices continues. New statistics from Eurostat show that the increase in prices is dramatically fast-paced in the Grand Duchy. In fact, Luxembourg ranks second in term of fast-rising housing prices (+11.4), only topped by Hungary.
Croatia ranks third (+10.4%) and Portugal fourth (+10.1%). The study compared housing prices in the period from April to June 2019 with housing prices from the same period in 2018.
Hungary leads the pack only because the country’s housing prices are adapting to average Western prices. According to Deloitte, one square meter will cost you only €1,323 on average. It should of course also be remembered that wages are much lower in Hungary than in countries like Germany, let alone Luxembourg.
Housing prices are climbing in all of Europe. The only exception is Italy, where Eurostat observed a decrease of prices compared to the previous year.
More than 10% in one year: the infernal rise of Luxembourg housing prices
Luxembourg vs the greater region: Real estate: the comparison that hurts
