According to STATEC, housing prices in Luxembourg have increased by 5.6% in the second quarter of 2016 compared to the previous year.

The report for the second quarter of the year found that housing prices have increased over the past year with the average price for existing apartments being €4,613 per m2 whilst those still being built cost €5,764 per m2. Meanwhile, the average price for a family home is €594,379.

As well as providing the latest available statistics regarding real estate, STATEC’s publication features an analysis on the surface area of apartments and on the impact of proximity or accessibility to Luxembourg City in determining the price of apartments which are for sale.