What is the most expensive part of a new house in Luxembourg ?

Luxembourg is a small, wealthy country in Western Europe with a thriving economy and a high demand for quality housing. If you are considering building a new home in Luxembourg, it is important to understand where the highest costs may be concentrated. In this article, we will take a closer look at the most expensive part of a new home in Luxembourg.

Firstly, it is important to understand that building costs in Luxembourg can vary considerably depending on the size of the house, the level of finish and the location. According to a recent study, the average cost of building a house in Luxembourg varies between €2,500 and €3,500 per square meter, which is higher than the European average.

The most expensive part of a new house in Luxembourg is usually the construction of the shell, which includes the walls, foundations, roof and framework. This part represents on average 30-40% of the total construction cost. The cost of the shell is influenced by several factors, including the type of materials used, the complexity of the design, labor costs and planning permission requirements.

In addition to the building shell, the high cost of a new home in Luxembourg can also be attributed to the labor costs involved in the installation of fixtures and fittings. These include electricity, plumbing, ventilation, carpentry and flooring. According to the above-mentioned study, these costs can account for between 25% and 35% of the total construction costs.

Finally, finishing costs such as painting, wall coverings and decorative elements can also add significant costs to a new home in Luxembourg. On average, finishing costs represent between 10% and 20% of the total construction cost.

It is important to note that the cost of building a house in Luxembourg can be significantly reduced by opting for less expensive solutions such as alternative building materials, modular construction or prefabrication. However, it is also important to ensure that these solutions meet local quality and safety standards.

In summary, the most expensive part of a new house in Luxembourg is usually the construction of the shell, followed by the labor costs for the installation of equipment and finishes. Finishing costs can also add a significant amount to the cost of a new home in Luxembourg. It is important to understand the costs involved in building a new home in Luxembourg to avoid unpleasant surprises and to ensure that the project is completed within your budget.