The cumulative increase in prices for single-family houses in Luxembourg has reached almost 29 per cent over the last 18 months. Over one year, this represents an average increase of more than 18 per cent.

These statistics were compiled by sales data from notarial deeds and only concern the sale of existing single-family homes. They therefore do not take into account new construction.

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If we extend the period, the prices of new flats and houses have increased by almost 49 per cent since 2018. It is therefore not inaccurate to speak of a real 'price explosion' in real estate in the Grand Duchy.

These figures were provided in the context of an answer from Housing Minister Henri Kox to a parliamentary question from MP Marc Lies (CSV).