Is the real estate market near the end of the tunnel after difficult years, linked among other things to high interest rates? These rates have started to decrease and atHome.lu, which is based on the data available on its portal, says it has observed “a phase of price stabilization” on the real estate market in 2024, despite marked contrasts, depending on the sectors and sectors. regions.
All types of property combined, the national average is 7,785 euros per square meter. With significant disparities. Old houses thus cost 5,707 euros/m² at the end of 2024, a few euros more than in the first quarter, but a little less than in spring and summer. For an old apartment, you will need to count on 7,753 euros/m², again, a lower price.
For new apartments, on the other hand, prices started to rise slightly again, to 9,696 euros/m², after a sharp drop in the middle of the year. The atHome documents say nothing about the price of new homes. Regional disparities are significant and sales prices vary greatly. The north and center are experiencing a slight increase, while the trend is rather downward elsewhere.
AtHome.lu affirms that “real estate purchasing power” has started to rise again. “In 2025, the real estate market should continue the recovery started in 2024, with varied prospects depending on the segment,” deciphers the real estate portal. “Old houses and apartments should stabilize, or even experience a slight increase during the year,” while “the new apartment market should not experience any significant change in prices in the short term.”
With this gradual recovery of the real estate market for sale, pressure is decreasing on rentals and rents have stopped exploding, starting a slight decline at the end of the year. House rents, in particular, had reached a peak during 2024 and “will experience a slight decline at the end of 2024”. For their part, “apartment rents, which increased throughout the year, showed a small decline for the first time” over the last quarter, while remaining on the rise over the year (+3%). . “These recent developments could indicate a general trend towards a stabilization of prices on the rental market,” adds atHome.lu.
For a house, you have to pay 3,208 euros per month on average, for an apartment, count on rent of 1,824 euros. Trends differ depending on the region, with rent increases in the North (+0.4% on houses between the end of 2023 and the end of 2024, +4.7% on apartments) and the East (+0.8% and +1.6%), but a drop in the west (-1.5% and -4.2%). In the center, the rent of houses fell by 3%, that of apartments rose by 4.4%. In the south, apartments are a little more expensive (+0.5%) and the data on houses is insufficient to draw a trend.
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