Luxembourg : Central region

Map ID

Divided between North-Central and South-Central, the region consists of the capital, main economic centers, the airport and the central station.

Luxembourg City, the administrative capital of the country, which accommodates several European institutions, is an ancient city where the old town is declared as a World Heritage by UNESCO.

Territorial organization

The capital is subdivided into 24 quarters (Beggen, Belair, North Bonnevoie/Verlorenkost, South Bonnevoie, Ville Haute, Cents, Cessange, Clausen, Dommeldange, Eich, Gare, Gasperich, Grund, Hamm, Hollerich, Kirchberg, Limpertsberg, Merl, Muhlenbach, Neudorf/Weimershof, Pfaffenthal, Pulvermuhl, Rollingergrund/ North-Belair and Weimerskirch) and has more than 110,499 inhabitants (statistics as of 31.12.2015).

The capital, which is resolutely cosmopolitan, consists of more than 155 nationalities. It is very open and welcoming. It is distinguished by its modernity and rich cultural attractions. These are the reasons why this city is regularly in the top 5 good cities of the world to live.

Being the nerve center of the country and having a high demand directly influence the property prices. Areas that are located within a distance of 15km away from the capital have become very attractive for those who wish to maintain the proximity to the city center while avoiding certain difficulties (ex: property prices and parking).

Large regions near the Luxembourg City

Capellen/Windhof/Steinfort are some cantons with very important activities and they are directly located near major highways.

The Sandweiler-Contern zone: this includes many companies operating in the construction and transport industries. The airport is also located nearby this zone and that extends from Sandsweiler to Senningerberg and to Kirchberg business area. Companies with international exposure give priority their plants in these areas to facilitate mobility. (Airport and main highways).

Major urban projects

On an area of 120 hectares, this zone is one of the main connection roads of the capital. This is an ambitious development project that envisages constructing over 130,000 houses by 2030. The construction works have already begun and they are gradually changing the face of the old historic district, marked by industrial activity in large urban center.

Central Station: The main objective is to have a better integration from the quarter to the city with urban development and a change in public transport. Offices, shops and housing will change the appearance of this industry by 2020 and will increase the attractiveness of the area.

Royal Hamilius: located near the city-center, the Royal Hamilius housing block has undergone profound changes in recent years. The current project aims to create a combined area that will include shops, services and housing.

Real estate trends

The central region continues to be the region where the property prices have been at highest in the country for several years. The central region represents approximately 30% of the overall supply of apartments and houses for sale throughout the Grand Duchy of Luxembourg. The city and its first crown of communes represent the most active markets, given the high demand, and the prices are constantly increasing.

For investors, buying a residential property with a rental purpose is still a good deal. The increasing demand for housing linked to the installation of new residents, against a limited supply ensures continuity in high rents. At the same time, the State incentive policy related to construction work will eventually represent an additional investment opportunity. Small areas are the easiest to make profitable. However, an apartment with a true separate bedroom will have more success than a studio.

Individuals

The apartment segments with 3 or 4 bedrooms are having a big progress because they provide the alternative for those who do not seek to live in a house. That is to say that the prices of houses are significantly higher than the other regions of the country. The small houses are quite rare and those between 160 m2 and 200 m2 are in high demand. This explains the constant increase in prices for this type of property.

Advertised prices for sale in the region

Advertised prices for rent in the region