Housing prices in Luxembourg have more than doubled since 2010, Eurostat reports in a new survey published on Friday. 

The European Union's statistical agency (Eurostat) found that housing prices in Luxembourg rose by 102% over the past 15 years, placing the country within the same rank as Poland. The Grand Duchy now joins the group of EU nations where housing prices have doubled in that period.

In the first quarter of 2025, housing prices across the EU rose by 5.7% year-on-year, while rents increased by 3.2% over the same period in 2024. Looking at the full 15-year span from 2010 to early 2025, housing prices in the EU climbed 57.9%, with rents up by 27.8%.

Worth noting is that in 21 out of 26 EU countries, housing prices grew much faster than rents, with the largest increases seen in:

  • Hungary: +260%
  • Estonia: +238%
  • Lithuania: +194%
  • Latvia: +154%
  • Czech Republic: +147%
  • Portugal: +130%
  • Bulgaria: +125%
  • Austria: +113%
  • Poland: +102%
  • Slovakia: +100%

Luxembourg matched Poland, with housing prices also rising by 102% since 2010.

Italy was the only EU member state where housing prices have actually declined over the past 15 years, down by 5%.

During that same timeframe, rent has increased in 26 EU countries. The highest growth was measured in Estonia (+220%), Lithuania (+184%), Hungary (+124%), and Ireland (+115%). Luxembourg's increase remained at below +25%.

Greece is the only country where rent prices experienced a decline (-11%).