According to the latest figures from Luxembourg's National Institute of Statistics and Economic Studies (STATEC), prices will continue to increase for some time.
The construction price index rose by 5% between April and October 2021 in Luxembourg. Over a one-year period, the increase is 9%.
There are two main reasons for this increase. Firstly, the wage indexation, which was triggered in October 2021. Secondly, building materials such as wood are becoming increasingly scarce, and thus rising in price.