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Variable mortgage rates fall while fixed rates remain stable

For those planning to buy property in Luxembourg, decisions between fixed and variable mortgage rates are crucial. Currently, variable rates are at their lowest, while fixed rates remain stagnant, according to the latest data from the Central Bank of Luxembourg regarding negotiations between local banks and individuals at the start of 2026.

In January, variable mortgage rates dropped to 3.01%, nearing their lowest point since last August when they peaked at 2.99% before rising in the autumn. This means that for a €700,000 loan over 25 years, monthly payments would be approximately €3,323.

Conversely, fixed mortgage rates continue their prolonged stagnation. They are consistently negotiated at an average of 3.77% for loans exceeding 10 years. For the same €700,000 over 25 years, this rate would result in monthly payments of around €3,607. There is some good news regarding consumer loans, which are typically easier to negotiate. Luxembourg banks offered a rate of 4.27% for loans with a maximum term of five years in January, which is a decrease from the 4.55% observed in December 2025.

Also today

• Around 30 Demonstrators gathered in Luxembourg City this morning to demand an end to Iran attacks
• The state has agreed to increase it’s financial contribution to the Road Safety Association to €200,000
• Iran has vowed that not one litre of oil would be exported from the Gulf while the United States and Israel continue their bombardment, as the UAE closed its biggest oil refinery after a drone attack
• The Federation of Craftspeople has called for the abolition of the qualified social minimum wage and rejected any further politically motivated increases to the unskilled rate.
• Luxembourg and Ireland are pushing back against Franco-German efforts to centralise EU financial market supervision, warning that the proposed reform would add “complexity, bureaucracy and costs” rather than strengthen the single market.
• Moscow’s deportation and forcible transfer of children from Ukraine to Russia amounts to a crime against humanity
• EU chief Ursula von der Leyen and French President Emmanuel Macron, have called on European countries to boost the use of civilian nuclear power to secure the continent’s energy independence

• At least five players from Iran’s visiting women’s football team claimed asylum in Australia on Tuesday

  On air

Alina joined Tom in the studio to chat about the nationals that have just returned from the Middle East, and there were some top gardening tips from Tom... get those onions, garlic and potatoes planted!!

Figure of the day

Over the past 10 years, the University of Luxembourg has concluded 23 settlements with employees in cases involving labour disputes.

• Over the past ten years, the University of Luxembourg has concluded 23 settlements with employees in cases involving labour disputes. Minister of Research and Higher Education Stéphanie Obertin confirmed these figures in response to a parliamentary question from MP Liz Braz of the Luxembourg Socialist Workers’ Party (LSAP).
• Such settlements also involve financial costs. The university has spent around €1 million on legal fees, court costs, and compensation payments. Braz has now submitted additional questions to Obertin, asking for a breakdown of the sums paid under each settlement to clarify how much was awarded in individual cases.

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