The results of a survey published by STATEC on Monday has revealed that the increasing number of completed buildings in Luxembourg since the financial crisis continued into 2013, with the construction of 1,316 buildings finalised.
Although 1,316 buildings were completed in 2013, marking an increase of 9.5% compared to 2012, the number has not yet reached the level observed at the beginning of the 2008 crisis, which stood at 1,660 completed buildings.
Housing appears was found on a downward trend in the medium term, going from 3,740 completed units in 2009 to 2,643 in 2013. However, this still represents an increase of 14.7% compared to 2012. In 2008, the number of single-family houses and apartments exceeded the peaks of 1974-76 and 1993 for the first time, before returning to levels reported in the early 2000s.
53.5% of the total housing projects completed between 2004 and 2013 were located in the canton of Esch-sur-Alzette, Luxembourg-Ville and Luxembourg-Campagne, with the former contributing 23.5% of the total housing completed during this period and the two districts of Luxembourg each comprising 15.0%.
In 2013, apartments represented 58.9% of completed housing. Although single family homes previously formed the bulk of completed residential or semi-residential buildings in the Grand Duchy, changing trends in the early 1990s saw a considerable increase in the construction of apartments. Nowadays, the ratio has been reversed, with 1,557 apartments out of a total 2,643 units. Detached houses were also found to be on the decline, going from 54.7% in 2004 to 41.5% in 2013.
