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	200 000	335 000	270 000	3	-	-	-	-
2	470 000	1 300 000	840 000	4	811 905	811 905	810 000	1
3	495 000	1 595 000	1 000 000	34	320 000	1 900 000	1 160 000	32
4	555 000	2 180 000	1 175 000	40	854 856	1 785 000	1 115 000	40
5	745 000	2 400 000	1 200 000	19	760 000	2 100 000	1 310 000	10
6	899 000	1 700 000	1 150 000	6	-	-	-	-

Apartments

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	350 000	697 000	505 000	12	315 944	798 212	515 000	21
2	435 000	935 000	650 000	34	437 337	1 215 995	715 000	56
3	643 800	1 277 954	870 000	14	585 364	1 476 497	805 000	72
4	698 000	1 589 241	1 045 000	3	698 000	1 770 315	1 160 000	7
5	740 000	1 190 000	1 035 000	3	-	-	-	-
6	1 190 000	1 239 000	1 205 000	3	-	-	-	-

Advertised prices for rent in the region

Houses

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	-	-	-	-	-	-	-	-
2	-	-	-	-	-	-	-	-
3	1 600	3 400	5 000	5	-	-	-	-
4	1 600	3 400	-	6	2 400	2 400	-	1
5	2 400	16 000	5 000	8	-	-	-	-
6	-	-	-	-	-	-	-	-

Apartments

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	600	1 500	-	26	950	1 400	-	5
2	1 100	1 750	-	14	1 500	2 100	-	3
3	1 650	2 600	-	3	-	-	-	-
4	2 000	2 000	-	1	-	-	-	-
5	-	-	-	-	-	-	-	-
6	-	-	-	-	-	-	-	-