Luxembourg : Eastern region

The EASTERN region



Map ID: The Mullerthal region is often called "Luxembourg’s Little Switzerland" because of its hilly landscape. It is characterized by its impressive rock formations and beautiful forests. It is a popular destination for tourists (and hikers) and has a very particular environment for properties ranging from residential properties to holiday resorts.



Echternach, the capital of Mullerthal, is the oldest town in Luxembourg. This city, which is located on the banks of the Sûre River and on the German border, is a must-visit place when visiting the Grand Duchy of Luxembourg. It is best known for a dancing procession, an ancient religious tradition that takes place on the Tuesday following the Pentecost, as well as for its former Benedictine abbey that dates back to the seventh century.



Junglinster is another important town that represents one of the largest communities of Luxembourg. Conveniently located in the highway between Germany and Luxembourg and with good road connections to the rest of the country, it remains a highly sought after city for both housing and business establishment requirements.



The city of Remich is located on the Sarrebruck-Luxembourg European highway. Remich, which is a commercial and administrative center, is a beautiful city near the Moselle that has several vineyards and thick forests.



Real estate trends: Being a preferred tourist destination, this area offers many opportunities for holiday home investments: buy-to-let and providing guest rooms in private homes



In general, the east shows a rather regular property development in terms of apartments, even if the supply is still limited in the old areas. In fact, this region only has 5% of old apartments for sale throughout the country. This is due to the large supply in the Moselle region on the German border that offers much lower prices.



Just as many other cities, the city of Echternach has signed the housing agreement which intends to launch a housing development program to cope with 15% of population growth over the next 10 years. Manertchen city is part of this housing agreement, which is supported by the housing fund, as it meets the standards relating to sustainable development and social diversity.

Advertised prices for sale in the region

Houses

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	295 000	335 000	305 000	4	-	-	-	-
2	280 000	1 200 000	710 000	9	-	-	-	-
3	495 000	1 744 220	1 130 000	79	320 000	1 450 000	1 150 000	10
4	625 000	3 925 520	1 440 000	73	960 000	2 000 000	1 525 000	27
5	698 000	4 125 000	1 545 000	32	834 798	1 688 987	1 210 000	6
6	1 145 000	1 690 000	1 330 000	7	1 395 000	1 395 000	1 395 000	1

Apartments

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	410 000	750 000	585 000	20	552 311	649 000	600 000	2
2	435 000	1 295 000	775 000	55	500 000	1 122 729	760 000	19
3	643 800	1 504 306	1 055 000	36	750 000	1 504 305	1 030 000	24
4	1 075 000	1 641 476	1 340 000	7	1 276 950	1 770 315	1 525 000	2
5	740 000	885 000	815 000	2	-	-	-	-
6	-	-	-	-	-	-	-	-

Advertised prices for rent in the region

Houses

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	-	-	-	-	-	-	-	-
2	1 700	1 950	-	3	-	-	-	-
3	3 500	3 500	5 000	1	-	-	-	-
4	2 000	3 800	5 000	7	-	-	-	-
5	2 800	4 300	5 000	5	-	-	-	-
6	-	-	-	-	-	-	-	-

Apartments

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	700	2 730	-	32	1 800	1 800	-	1
2	1 000	1 900	-	34	-	-	-	-
3	1 400	2 000	-	3	-	-	-	-
4	2 100	2 100	-	1	-	-	-	-
5	-	-	-	-	-	-	-	-
6	-	-	-	-	-	-	-	-