Luxembourg's 38% population growth impacting housing market

    Jul 18, 2019 @ 07:12 AM / by Emily Thomas

    Luxembourg

    Luxembourg as seen during a recent AIRINC cost of living survey.

    Luxembourg experiencing a Landlord's Market

    Luxembourg has a landlord’s market, with greater demand than supply. New construction is constant but mostly consists of smaller scale, high-end condo projects of five to fifteen units in a mix of flats and duplexes.

    The population of the country has grown by 38% since 2000 (from 435k to 602k), triggering a huge need for residential infrastructure, which in turn requires land. A good solution for new construction is to build vertically. Luxembourg’s government has recognized the need and become more flexible in approving this kind of project.

     


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    AIRINC's Data Points: Your Global Mobility News

    Want to learn more? The above excerpt is taken from Data Points, AIRINC's quarterly newsletter. Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments based on our expert international surveys, which are conducted by our global data collection team on-location.

    This quarter's cost-of-living surveys were conducted primarily in Europe, Asia, and mainland Southeast Asia. Click below to see more results from our recent surveys:

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    Topics: Housing, Expatriate Housing, Data Points, Insights and Experience, Housing Assessment Tool, Luxembourg

    Emily Thomas

    Written by Emily Thomas