On 19 January, Eurostat announced its quarterly press release on the evolution of housing prices for purchase in Europe. If we know the rise in prices in Luxembourg, we will observe that the EU will see a rise of 4.3% and in the Euro zone of 3.4% in the 3rd trimester 2016 vs the 3rd trimester of 2015. The study doesn’t distinguish between the purchase of new or old goods.

In Luxembourg, the difference is of 5.6% in one year (excluding newly built individual houses). Certainly stronger than average. But as a comparison with other Western European countries, Germany saw an increase of 6.2%, Ireland 7.1%, the United Kingdom 7.3% and Portugal 7.6%.

French and Belgian neighbours saw the price of their housing increasing respectively by 1.8% and 2.9% between the third trimester of 2015 and the third trimester of 2016.

Italy and Cyprus are the only two countries who recorded declines (-0.9% and -3.3% respectively). While other countries exceeded a 10% increase: Iceland +10.2%, Lithuania +10.8%, Hungary +11.6%.

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