Contern;
Credit: © SNHBM / Photographe Flavio da Costa
On Wednesday 4 June 2025, the Société Nationale des Habitations à Bon Marché (SNHBM), Luxembourg’s public housing developer, published its 2024 annual report, highlighting its continued commitment to the development of affordable housing across the country.
In 2024, SNHBM launched construction on 301 affordable housing units, up from 230 in 2023, reflecting developments within a challenging national housing context, according to the organisation’s latest annual report.
The organisation added that it adapted to new administrative and legislative requirements while observing a notable increase in sales, particularly of existing properties. It also highlighted that the law of 7 August 2023 on affordable housing, which raised household income thresholds, has made nearly 80% of the population in Luxembourg eligible for affordable or moderately priced housing.
"Acquiring housing from SNHBM means living in affordable and sustainable housing, with the best compromise between quality and price," said Guy Entringer, Director General SNHBM.
As a public developer also acting as a social landlord, SNHBM reported growth in its affordable rental housing stock. As of 31 December 2024, the portfolio included 548 rental units, up from 483 in 2023; the current total stands at 579 units.
SNHBM also reported a rise in completed housing units, with 250 finalised in 2024 compared to 160 in 2023. The number of units under construction rose to 1,092, compared to 951 in 2023.
Of the 250 housing units completed in 2024, 226 were designated for affordable sale and 24 for affordable rental, located across several municipalities including Bissen, Belvaux, Contern, Heiderscheid, Luxembourg-Limpertsberg, Luxembourg-Neudorf, Olm (Elmen), Sandweiler and Sanem.
SNHBM currently holds a land reserve sufficient for the development of 2,796 housing units. The organisation has set a medium-term target of constructing 400 units annually, with the existing reserve projected to last until the end of 2031.
"To move forward, it is important to determine the land available for our future projects. We rely on the State to guide us in this process," explained Guy Entringer.
