Rents soar by almost 4% in Luxembourg

The atHome platform's analysis of the second-quarter data reveals that rents are increasing nationwide.

Amidst a slowdown in the decline of house prices, which may indicate an end to the downward trend for existing homes for sale, the rental market is experiencing an "unexpected rebound." The national average rent has risen by 3.7%, with specific increases as follows:

•    Flats: +3.9%
•    Houses: +1.5%

"This phenomenon could be explained by a renewed interest in renting, possibly due to continuing uncertainty in the buy-to-let market," atHome suggests.

Highest rents found in western Luxembourg

The rising rent trend affects all regions, with the most significant acceleration occurring in the west of the country. In this region, rents now average €2,169, surpassing the Centre region, where rents average €2,143.

Although the Centre region is not seeing a dramatic increase, its rent for flats has risen by 1.6% over the past year, compared to a 9.9% increase in the west.

In other parts of the country, average rental prices for flats are comparatively lower:

•    East: €1,918
•    South: €1,687
•    North: €1,473

According to the latest atHome report, rents are now highest in the west of the country. / © atHome