According to Scheuren, the housing situation has been tense for an extended period, exacerbating over the past two years, with a staggering 70% decline in new build sales in 2023 alone.
Scheuren expressed concern about the severe impact on the industry, noting that over 2,000 fewer homes were constructed compared to a typical year. The consequences have been dire for many agencies, which are currently “surviving on reserves, credit, or have already been forced to close.” Scheuren highlighted the unfortunate loss of jobs, estimating between 200 and 400 positions, as agents faced layoffs or chose to resign. The proposed job retention plan, Scheuren remarked, was not retained.
He underscored the urgency of the housing problem, emphasising its potential to tarnish Luxembourg’s attractiveness, especially if residents have to allocate an exorbitant portion of their salaries to rent. Scheuren stressed that rents should not continue their upward trajectory and lamented that “there are simply not enough homes being built.”
Looking ahead, Scheuren welcomed the new government’s commitment to closer collaboration with the private sector. He sees this as a positive step, alongside the prospect of different ministries coordinating efforts and sharing competences. The sector is now eagerly awaiting the upcoming housing conference.
As President of the Chamber of Real Estate, Scheuren has seen six housing ministers in 12 years. He expressed optimism regarding the collaboration with the recently appointed Claude Meisch. Citing Meisch’s successful tenure as the mayor of Differdange, Scheuren commended his understanding of the stakes involved and praised his “distinctive character.”
