The end of summer brought little change for residents in Luxembourg hoping to buy a home.
Variable rates edged up slightly after falling below 3% in August, a first since December 2022. In September, banks and borrowers negotiated an average variable rate of 3.08%. At this rate, a €700,000 loan over 25 years would result in monthly repayments of about €3,349.
Fixed rates, by contrast, improved compared with August. The average fixed rate negotiated by buyers fell to 3.49%, down from 3.58% the previous month. For the same loan amount and duration, this would mean monthly payments of roughly €3,501.
Meanwhile, consumer loans with a term of less than five years remained relatively stable at 4.64%.
