In 2024, homeownership across the European Union showed a slight shift according to Eurostat. Around 68% of people living in EU households owned their home, down from 69% in 2023, while the share of renters rose to 32% from 31%. Despite this modest change, owning a home remained the dominant tenure status in most member states.
Perhaps a surprising figure given the current state of the Grand Duchy’s real estate market, but according to Eurostat, 63.5% of Luxembourg residents owned their homes in 2024. It is below the EU average which stands at 68%, making Luxembourg the country with the fifth lowest percentage in the bloc.
Across the EU, the highest ownership rates were recorded in Eastern Europe, led by Romania (94%), Slovakia (93%), and Hungary (92%). At the other end of the spectrum, Germany remained the only member state where renting predominated, with 53% of the population living as tenants. Austria (46% renters) and Denmark (39%) followed.
France ranked one position below Luxembourg, with 61.2% of residents owning their own homes, while our final neighbouring country, Belgium, recorded a higher rate of 70.3% homeownership.
Luxembourg’s relatively low ownership rate shows the structural challenges facing households seeking to buy property and highlights why rental housing continues to be an important element of the country’s housing landscape, even as homeownership remains the norm across most of Europe.
