What is the cost of a house in the center of Luxembourg?

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Rudolphe ABEN

What is the cost of a house in the center of Luxembourg?

The cost of a house in central Luxembourg can vary considerably depending on many factors such as the exact location, the size of the property, the quality of the construction, the age of the house and the facilities. In this article we will look at the current trends in the property market and the average cost of a house in central Luxembourg.

According to the latest statistics, the average price of a house in Luxembourg is around €800,000. However, this figure varies considerably depending on the location, size and quality of the property. In the center of Luxembourg City, for example, house prices can be considerably higher than in the surrounding suburbs.

In general, the most popular areas in Luxembourg City are Kirchberg, Grund, Limpertsberg and Belair. In these areas, average house prices can reach over 1.5 million euros. Homes in these areas are often of high quality, with high finishes and modern facilities.

Outside the city center, house prices are generally more affordable. For example, in the surrounding suburbs, such as Beggen, Bonnevoie or Hesperange, houses are often larger and cheaper than in the city center. Average house prices in these areas can range from €500,000 to €1 million.

It is important to note that property prices are constantly changing and can vary considerably depending on supply and demand. It is therefore important to consult a local estate agent for accurate information on current market trends.

Finally, it should be noted that buying a home in Luxembourg can be expensive, with purchase costs amounting to up to 10% of the purchase price. It is therefore important to take these additional costs into account when buying a property.

In summary, the cost of a house in the center of Luxembourg depends on many factors, including the location, size and quality of the property. The most desirable areas of Luxembourg City tend to be the most expensive, while the surrounding suburbs often offer more affordable options. Regardless of the location you choose, it is important to consult a local estate agent for accurate information on current market trends and the costs associated with buying a home in Luxembourg.