Over the past 12 years, housing prices within the European Union have experienced a 49% increase, with the Grand Duchy observing a higher jump than most.

Across the EU, the housing and rental market has shown a seemingly never-ending upward trend. Eurostat recently published data to highlight just how high the prices have climbed between 2010 and 2022, and how Luxembourg compares to its neighbours.

RTL

© Eurostat

Unsurprisingly, the Grand Duchy is among the countries that saw house prices more than double during the same 12 year period.  Between 2010 through to the third quarter of 2022, housing prices in Luxembourg have increased by a whopping 140%.

Luxembourg was only beaten by Hungary and Estonia, who experienced housing price increases of 174% and 199% respectively.

Within the third quarter of 2022 alone, the European Union saw a 2.1% increase in rental prices and an astounding 7.4% increase in housing prices. Additionally, when the third quarter of 2022 is compared with that of 2010, 19 EU member states can be seen to have experienced an increase in housing prices compared to rents.

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© Eurostat

Rental prices within the EU have been steadily increasing since 2010, while housing prices only began their upward trend in the first quarter of 2015.