A slight fall in purchase prices and stable but elevated rents. In its review of the first quarter of 2026, the atHome platform notes an “adjustment” in the housing market.
Good news for buyers (but not for sellers): the price of houses and apartments is falling. “Older houses have dropped back below the €6,000/m² mark, while older apartments have once again fallen below €8,000/m² after a year of higher levels.” At the start of 2026, expect to pay on average around €5,820/m² to buy an older house in Luxembourg and €7,908/m² for an existing apartment.
The same trend applies to new apartments, which are holding “below €10,000/m²" with a large number of projects still stalled or moving slowly. In the first quarter of this year, the average price was estimated at €9,540/m², down from the €9,813/m² recorded at the start of 2025.
This is obviously a welcome development in a market where housing costs too much, but it represents more of a transitional reaction than a genuine adjustment to residents’ financial capacity. For atHome, there is little doubt: this is an “adjustment” linked to a decline in transaction volumes.
Prices are also subject to varying trends depending on the geographic area: older apartment prices are rising in the west, south and east of the country but falling in the centre and north. House prices are falling everywhere except in the east of Luxembourg.
Unlike property purchases, made difficult by persistently high prices and interest rates that are no longer falling, the rental market is under real pressure: demand is “sustained” and is contributing to keeping prices at their peak.
In the first quarter, atHome found that the average monthly rent for a house had fallen to €3,222. A slight decrease compared to the €3,296 per month required at the end of 2025.
Apartment rents, on the other hand, have been stable since spring 2025 and currently average €1,869 per month.
