Despite housing market harshness, Luxembourgers still favour their personal independence

fr en de

The latest results of the ING International Survey about homes and mortgages just came in. To no one’s surprise, when asked about housing, the first thought of Luxembourg residents is how expensive housing in Luxembourg is.

<< Back
14/12/2018 |
  • ING

A difficult market

The Luxembourgish housing market is the most unwelcoming to newcomers throughout all surveyed countries with an impressive 9 in 10 (91%) respondents agreeing it is increasingly difficult for newcomers to the housing market to buy a house.

The main issue is undoubtedly the prohibitive prices as 80% of home owners and 82% of renters state the local market’s first characteristic is “expensive.” Home owners (38% vs 22% renters) believe the housing market is “high quality” and an investment opportunity (34% vs 23% renters), while renters (31% vs 24% home owners) qualify it as “unfair.”

Everything isn’t hopeless though; only 12% report having difficulties paying their rents or mortgages each month, which is half the European average. Most respondents in Luxembourg (86%) even agree that ownership is more financially beneficial than rental, the highest proportion amongst the surveyed countries.

Personal independence first

Despite the market’s harshness, Luxembourg residents still value their personal independence with 71% owning real estate – highest proportion in Europe – and more than half (53%) stating they would not consider sharing their housing with their extended family an option.

Also, 1 in 4 (26%) left home before the age of 26 and, on average, bought their first property before the age of 31 compared to the European average of 34.

Three quarters (76%) of Luxembourg residents say they spend up to 50% of their take-home pay on their mortgage or rent and a staggering 88% believe house prices will rise over the next twelve months (highest share amongst surveyed countries). Whether this is wishful thinking or an unfortunate prediction, only time will tell.

Back to top  | << Back

Communiqués liés

ING
14/06/2019

Au Luxembourg, les utilisateurs de services bancaires digita...

71 % des personnes interrogées au Luxembourg considèrent l’authentification ...

ING Luxembourg
ING Moien
15/05/2019

Nouvelle année record pour ING au Luxembourg

Le maintien de la dynamique commerciale dans toutes les business lines génère ...

ING Luxembourg
ING
14/12/2018

Malgré les dures conditions du marché immobilier, les Luxe...

Les derniers résultats de l’Enquête internationale ING (ING International Su...

ING Luxembourg
ING Solidarity Awards 2018  all
21/11/2018

Les mouvements solidaires ne s'arrêtent pas en 2018 au Luxe...

Ce mercredi 21 novembre, 34 associations sans but lucratif sont montées sur sc...

ING Luxembourg
ING Unicef
29/06/2018

9,500 EUR pour soutenir UNICEF-Luxembourg !

Chez ING, les initiatives ne manquent pas quand il s’agit de lancer des action...

ING Luxembourg
ING infographie mobile IIS
21/06/2018

Le mobile banking, "pratique et gratuit" selon les résident...

Selon la dernière étude d’ING International Survey (IIS) sur le mobile banki...

ING Luxembourg

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more