According to the latest ING International Survey on real estate, 60% of Luxembourg residents said they own one property, and 13% said they own two residential properties or more.

Only 27% said they do not own their home, which is far less than in neighbouring countries, such as Belgium (38%), France (49%) and Germany (55%).

If we differentiate between national and foreign residents, there are more homeowners in the former group (76%) than in the latter (69%).
 
Most residents that claimed to own more than one property said they receive income from their real-estate assets: 50% rent their additional properties on a permanent basis, 30% rent them occasionally to generate income or for other reasons, and 20% use them as vacation or weekend homes.
 
Also, 38% of national residents who are property owners bought a property as a retirement investment, which is greater than the European average (35%) and that of neighbouring countries such as Belgium (32%), France (27%) and Germany (42%).

If real-estate prices were to fall drastically, only 22% of Luxembourg residents believe it would be a bad thing, as opposed to 38% of foreign residents.
 
The survey also shows that the country where the most Luxembourg residents have additional properties is Luxembourg, followed by France, Belgium and Portugal.