Nationwide
In the third quarter of 2024, the average price of a home for sale in Luxembourg was €8,488/m2a significant drop compared to the previous year (€8,946/m2 in the third quarter of 2023). In comparison with the second quarter of 2024, where the average price was €8,670/m2 for the acquisition of a property in Luxembourg, the average price per m2 fell by -2.1%.
Energy class G housing cost on average €7,089/m2while energy class A housing reached on average €9,467/m2i.e. a difference of €2,378/m2. This difference reflects the growing importance given to the energy performance of goods, particularly in a context where energy costs continue to increase. Buyers are increasingly favoring better insulated and less energy-intensive housing, attracted by potential long-term savings.
According to the regions
By examining the different regions of Luxembourg, we see that the average price per m2 in the third quarter of 2024 was 10,883€/m2 for the Center region, €6,972/m2 for the South region, 6,107€/m2 for the North region, 7,089€/m2 for the Eastern region and 7,929 €/m2 for the Western region. Regional disparities reflect the economic dynamism and attractiveness of certain areas, notably the Center region, which remains the most sought after for its proximity to Luxembourg city and its numerous infrastructures.
The districts of the capital
In the capital, the price/m2 average amounted to €12,462 in the third quarter of 2024, or 1.4% less than the previous quarter. Some neighborhoods far exceed this average, such as Belair (14,647€/m2) et Neudorf-Weimershof (12.802€/m2). Les quartiers de Beggen (€9,596/m2) a rolling ground (€8,707/m2) were the least expensive in the third quarter of 2024.
The slight drop in prices in the capital can be explained by a slightly greater supply on the market and a stabilizing demand. Although prices have fallen slightly in prestigious neighborhoods like Belair, they still remain high, reflecting the continued attractiveness of these areas. This moderate decline may be linked to a market adjustment, while maintaining a clientele ready to invest in high-end properties, despite the general downward trend.
The figures in this report are based on real estate listings for sale published on the platform .
