According to Immotop.lu, in the first quarter of 2021, a total of 1,862 advertisements for houses were posted on their real estate website, showing a slight decrease compared to the same period in 2020 (1,994 houses listed), a decrease of 6.6%.
Regarding apartments for sale, in the 1st quarter of 2021, a total 4,082 apartments were for sale on the website, revealing a decrease of 10.8% compared to the 1st quarter of 2020 which had 4,575 listings.
In the 1st quarter of 2021, the median price of a house in Luxembourg has been €1,235,786 compared to €1,064,000 for the same period in 2020, i.e. an increase of 16.1% in one year; however, between the 3rd quarter of 2020 and the 1st quarter of 2021, an increase of 4.47% was noted.
The median price of an apartment in the 1st quarter of 2021 has been €724,831, i.e. an increase of +3.1% compared to the median price of €703,000 in the 1st quarter of 2020. However, a decrease of 5.74% was seen between the 2020 Q3 where the median price was €769,000 and the 2021 Q1.
Prices per m2
In the first quarter of 2021, the median price per m2 for houses in Luxembourg has been €6,624/m2. This represents an increase of 13.3% compared to the same period in 2020, i.e. €5,847/m2. However, the median price per m2 in the 3rd quarter of 2020 was €6,650/m2, i.e. a very slight decrease of 0.4% between 2020 Q3 and the 2021 Q1.
The median price per m2 of an apartment in the 1st quarter of 2021 has been €8,691/m2 compared to €9,325/m2 for the same period in 2020, a decrease of 6.8%. The variation is even more glaring between 2020 Q3 when the price per m2 was €10,210/m2, i.e. a drop of 14.9% in 2021 Q1.
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The town of Bertrange experienced the most house listings across the Grand Duchy with 183 listings, followed by Ettelbrück with 172 listings, Esch-sur-Alzette with 129 listings, Remich with 109 listings and Mersch with 102 listings.
Regarding apartments, Bertrange also experienced the most apartment advertisements with 513 followed by Esch-sur-Alzette with 452, Luxembourg-Cessange with 313, Luxembourg-Kirchberg with 296 and Luxembourg-Bonnevoie with 220.
The most expensive municipalities
Regarding houses, Cessange is where the most expensive houses are found with an average of €10,360/m2, followed by Bertrange with €10,290/m2, Schuttrange with €9,840/m2, Remich with €8,100/m2 and finally Schifflange with €6,500/m2.
For apartments, outside the Luxembourg city districts, the most expensive municipalities are Bertrange with an average of €13,089/m2, followed by Luxembourg with €12,486/m2, then Mamer with €10,743/m2, Strassen with €10,608/m2 and Schifflange with €8,833/m2.
In Luxembourg city, the most expensive districts are Kirchberg and Weimerskirch, both with an average of €16,976/m2. Then there is Limpertsberg with €14,444/m2, Pfaffenthal with €13,819/m2 and Belair with €13,230/m2.
The cheapest municipalities
The cheapest houses are to be found in Differdange with an average of €4,818/m2, then Esch-sur-Alzette with €5,448/m2 and Ettelbrück with €6,337/m2.
The cheapest apartments are also found in Differdange with an average of €6,925/m2, then Pétange with €7,098/m2, Mondercange with €7,341/m2, Dudelange with €7,384/m2 then Kayl with €7,584/m2.