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	275 000	335 000	305 000	2	-	-	-	-
2	280 000	1 295 000	745 000	6	-	-	-	-
3	495 000	1 299 000	865 000	28	821 500	1 900 000	1 175 000	71
4	625 000	2 500 000	1 240 000	40	815 000	3 925 520	1 220 000	40
5	620 000	4 125 000	1 565 000	26	986 000	2 100 000	1 445 000	5
6	900 000	1 390 000	1 170 000	6	1 258 000	1 445 000	1 350 000	2

Apartments

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	265 000	990 000	535 000	24	315 944	638 700	495 000	10
2	390 000	980 000	630 000	41	437 337	1 215 995	765 000	38
3	430 000	1 277 954	770 000	14	613 862	1 504 306	1 045 000	38
4	597 000	1 589 241	1 000 000	4	923 000	1 770 315	1 365 000	6
5	740 000	740 000	740 000	1	-	-	-	-
6	-	-	-	-	-	-	-	-

Advertised prices for rent in the region

Houses

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	-	-	-	-	-	-	-	-
2	1 900	1 900	-	1	-	-	-	-
3	1 700	3 400	5 000	4	2 000	2 000	-	1
4	2 500	3 800	5 000	8	-	-	-	-
5	2 500	3 800	5 000	2	-	-	-	-
6	-	-	-	-	-	-	-	-

Apartments

	Used				New
Rooms	Cheapest	Most exp.	Average	Nmb	Cheapest	Most exp.	Average	Nmb
1	600	2 730	-	33	1 200	1 200	-	1
2	1 000	2 000	-	15	1 500	1 800	-	5
3	1 500	1 600	-	3	1 600	2 000	-	2
4	-	-	-	-	-	-	-	-
5	-	-	-	-	-	-	-	-
6	-	-	-	-	-	-	-	-