More than one-third of Luxembourg residents say current real estate prices influence their life choices

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According to ING International Survey's latest real estate study, 37% of respondents said real estate prices influence important decisions they make in terms of lifestyle and employment. 

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22/09/2016 |
  • ING

As a result of high property prices, 35% of residents cannot afford to live alone, 21% feel changing jobs would be too risky and 16% would put off having (more) children, compared with European averages of 29%, 22% and 16% respectively.

In the 18-34 age bracket, 71% have to live with their parents in order to make ends meet.

Buying property can cause people to make sacrifices in some cases: 27% drastically reduce their spending, 45% set money aside to make a down payment and 20% forgo holidays, compared with European averages of 41%, 33% and 21% respectively.

It's no wonder more and more people are finding it harder to pay off their mortgage: 17% in 2016 vs 10% in 2013!

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