Selling price of new apartments in Luxembourg 2013-2019

How expensive is a newly constructed apartment in Luxembourg? According to calculations based on data from the Publicité Foncière, prices increased for new apartments (in French: appartements en construction) over the last years. Between July 2018 and June 2019, the average selling price was more than 6,600 euros per square meter. In recent years, the housing market of the Grand Duchy of Luxembourg was affected by two developments: an increasing population due to the arrival of new residents from foreign countries and new dwellings not matching up to the population increase. As such, prices of residential property have increased. House prices in the canton of Luxembourg, which includes both Luxembourg City as well as its outskirts, were higher than in the rest of the country.