Real estate in the north of Luxembourg
November 12, 2014
Strong real estate potential to discover in northern Luxembourg
Despite the crisis and some slowdown, real estate in Luxembourg has not experienced the same stagnation or even the crash as its French neighbor. Indeed, the strong proportion of owners and the latent shortage of available housing have kept it vigorous. With a 26% increase in apartment prices and 21% in house prices, in 8 years, it has even showed excellent health. To optimize its real estate investments, the north of the Grand Duchy has turned out to be particularly interesting.
All the advantages of northern Luxembourg
Far from runaway urbanization in a conserved environment of forests and hills, northern Luxembourg offers exceptional quality of living. The quietness, closeness to nature and the low population density, but also the presence of small-scale urban centers like Clerveau and Wiltz, have made it an area that is more and more sough-after by urbanites. Also, the market prices there are among the lowest in the Grand Duchy. In 2013, when the average price per square meter was EUR 4160 in the whole territory, and up to EUR 5367 in Bertrange, it was only EUR 2927 in Clervaux and 2822 in Wiltz. Also, the communes in northern Luxembourg show some of the highest availability rates for land meant for residential purposes. While this rate is below 10% in most of the communes surrounding Luxembourg City, it climbs to more than 18% in Wingrange, Heinerscheid and Küschpeld. Investing in existing real estate or in land to be built shows how the possibilities offered by the region are huge and accessible, even on a limited budget.
Opportunities to seize
Although the landscape of northern Luxembourg makes up all of its charm, it has also contributed to its “isolation”. This has helped to maintain weak real estate pressure. However, the upcoming opening of the Nordstrooss/Route du Nord (Northern Road) planned in 2015 should quickly change things by making the northern communes very easily accessible from Luxembourg City. Although the trend has not been felt yet, perhaps due to construction delays, it should not be very far off. Therefore, now is the time that the real estate potential of northern Luxembourg seems to be the greatest and it is now possible to seize real opportunities. Also, prices are projected already to rise in the communes of Ettelbruck and Colmar-Berg, which are also affected by the new road: the average price per square meter for apartments there is EUR 3496 and EUR 3442 respectively.
With its quality of living, low prices and high potential, the opening of the Nordstrooss will undoubtedly reveal all of the real estate potential in northern Luxembourg. Now is the time to take advantage!
Check out all the listings in northern Luxembourg here: Luxembourg North Real Estate
Despite the crisis and some slowdown, real estate in Luxembourg has not experienced the same stagnation or even the crash as its French neighbor. Indeed, the strong proportion of owners and the latent shortage of available housing have kept it vigorous. With a 26% increase in apartment prices and 21% in house prices, in 8 years, it has even showed excellent health. To optimize its real estate investments, the north of the Grand Duchy has turned out to be particularly interesting.
All the advantages of northern Luxembourg
Far from runaway urbanization in a conserved environment of forests and hills, northern Luxembourg offers exceptional quality of living. The quietness, closeness to nature and the low population density, but also the presence of small-scale urban centers like Clerveau and Wiltz, have made it an area that is more and more sough-after by urbanites. Also, the market prices there are among the lowest in the Grand Duchy. In 2013, when the average price per square meter was EUR 4160 in the whole territory, and up to EUR 5367 in Bertrange, it was only EUR 2927 in Clervaux and 2822 in Wiltz. Also, the communes in northern Luxembourg show some of the highest availability rates for land meant for residential purposes. While this rate is below 10% in most of the communes surrounding Luxembourg City, it climbs to more than 18% in Wingrange, Heinerscheid and Küschpeld. Investing in existing real estate or in land to be built shows how the possibilities offered by the region are huge and accessible, even on a limited budget.
Opportunities to seize
Although the landscape of northern Luxembourg makes up all of its charm, it has also contributed to its “isolation”. This has helped to maintain weak real estate pressure. However, the upcoming opening of the Nordstrooss/Route du Nord (Northern Road) planned in 2015 should quickly change things by making the northern communes very easily accessible from Luxembourg City. Although the trend has not been felt yet, perhaps due to construction delays, it should not be very far off. Therefore, now is the time that the real estate potential of northern Luxembourg seems to be the greatest and it is now possible to seize real opportunities. Also, prices are projected already to rise in the communes of Ettelbruck and Colmar-Berg, which are also affected by the new road: the average price per square meter for apartments there is EUR 3496 and EUR 3442 respectively.
With its quality of living, low prices and high potential, the opening of the Nordstrooss will undoubtedly reveal all of the real estate potential in northern Luxembourg. Now is the time to take advantage!
Check out all the listings in northern Luxembourg here: Luxembourg North Real Estate