{"id":18871,"date":"2026-07-24T15:32:12","date_gmt":"2026-07-24T13:32:12","guid":{"rendered":"https:\/\/athome-lu.live\/blog\/?p=18871"},"modified":"2026-07-30T11:46:11","modified_gmt":"2026-07-30T09:46:11","slug":"luxembourg-property-market-experts-analysis-for-the-second-quarter-of-2026","status":"publish","type":"post","link":"https:\/\/athome-lu.live\/blog\/en\/marche-immobilier\/marche-immobilier-luxembourg-analyse-experts-t2-2026\/","title":{"rendered":"Expert insights: key takeaways from the property market in the second quarter of 2026"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Mixed trends in sale prices, prices for new-build flats showing signs of stabilising after several quarters of decline, and a rental market that continues to trend upwards: these are the key takeaways from the second quarter of 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To decipher these developments, we have gathered the views of several specialists in the sector: <strong>Pierre Cl\u00e9ment<\/strong> (Nexvia),<strong> Julien Licheron <\/strong>(LISER\/Observatoire de l'Habitat) and <strong>Jacques Brauch<\/strong> (SOLUDEC). Price trends, market recovery, financing conditions, buyer confidence and the outlook for new-build properties\u2026 all these factors help us to better understand current market dynamics and anticipate future market movements.<\/p>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Pierre Cl\u00e9ment - Managing Director of Nexvia<\/strong><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized has-custom-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-1024x572.jpg\" alt=\"\" class=\"wp-image-17619\" style=\"border-top-left-radius:14px;border-top-right-radius:14px;border-bottom-left-radius:14px;border-bottom-right-radius:14px;width:360px\" srcset=\"https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-1024x572.jpg 1024w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-300x168.jpg 300w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-768x429.jpg 768w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-18x10.jpg 18w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The actual transaction data analysed by Nexvia confirms the trends observed by atHome in advertised prices: the Luxembourg residential market has entered a phase of normalisation, with slight downward pressure since the start of the year, which has been more pronounced in the apartment segment in Luxembourg City.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rising interest rates, fuelled by geopolitical tensions and inflationary risks, are reducing households\u2019 borrowing capacity and having a direct impact on prices. Added to this is a wait-and-see attitude linked to continued moderate economic growth, international uncertainties and growing concerns about the impact of artificial intelligence on employment in the country. However, the market is not without its drivers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The tax package that came into force on 16 July provides significant support for demand, particularly for first-time buyers, thanks to the increase in the tax credit by \u20ac5,000 per person (to \u20ac45,000) and the expansion of the interest subsidy. These measures should help to maintain a solid base of homebuyers.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center has-medium-font-size is-layout-flow wp-block-quote-is-layout-flow\" style=\"border-style:none;border-width:0px\">\n<p class=\"has-text-align-center has-medium-font-size wp-block-paragraph\"><strong>The return of accelerated depreciation to 6 % is expected to revitalise off-plan sales amongst investors, whilst owner-occupiers are likely to continue favouring existing properties due to the available tax credit.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Fiscal measures are supporting demand, but the real catalyst for a sustainable recovery will be the return to a more predictable economic and financial environment.<\/p>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Jacques BRAUCH \u2013 Chief Executive Officer and Managing Director at SOLUDEC S.A.<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized has-custom-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/brauch-1024x572.jpg\" alt=\"\" class=\"wp-image-18886\" style=\"border-style:none;border-width:0px;border-top-left-radius:14px;border-top-right-radius:14px;border-bottom-left-radius:14px;border-bottom-right-radius:14px;width:360px\" srcset=\"https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/brauch-1024x572.jpg 1024w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/brauch-300x168.jpg 300w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/brauch-768x429.jpg 768w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/brauch-18x10.jpg 18w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/brauch.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">There has been a great deal of talk about the housing crisis in recent years. In reality, the new-build housing market has been experiencing a crisis of confidence.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center is-layout-flow wp-block-quote-is-layout-flow\" style=\"border-style:none;border-width:0px;border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-left-radius:0px;border-bottom-right-radius:0px;padding-top:0;padding-bottom:0\">\n<p class=\"has-medium-font-size wp-block-paragraph\" style=\"border-style:none;border-width:0px;border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-left-radius:0px;border-bottom-right-radius:0px\"><strong>Whilst the rise in interest rates has put a strain on households\u2019 borrowing capacity, it does not, on its own, explain the slowdown in the market.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">On the ground, buyers\u2019 main concerns centred above all on the security of their investment. The difficulties faced by certain developers, which were widely reported, fuelled a climate of uncertainty. Many customers wondered whether their homes would be completed and what guarantees actually protected them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Government\u2019s recent measures will help to accelerate a recovery that is already under way. But a genuine economic recovery will depend, above all, on the restoration of confidence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buying a property off-plan is, above all, about choosing a reliable partner. Beyond the price, buyers today are looking for guarantees, transparency and security. In our view, it is this renewed confidence that will be the real driving force behind the market in the coming months.<\/p>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Julien Licheron - Economist at Liser \/ Housing Observatory<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized has-custom-border\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/licheron-1024x572.jpg\" alt=\"\" class=\"wp-image-18896\" style=\"border-top-left-radius:14px;border-top-right-radius:14px;border-bottom-left-radius:14px;border-bottom-right-radius:14px;width:360px\" srcset=\"https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/licheron-1024x572.jpg 1024w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/licheron-300x168.jpg 300w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/licheron-768x429.jpg 768w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/licheron-18x10.jpg 18w, https:\/\/athome-lu.live\/blog\/wp-content\/uploads\/2026\/07\/licheron.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The residential property market in Luxembourg appears to have moved past the most acute phase of the crisis. Transaction volumes have recovered, prices have stabilised and financing conditions are no longer a major obstacle to property purchases.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After several years of sharp fluctuations, the market is gradually returning to a more predictable state, even though the international geopolitical situation raises the spectre of further interest rate rises.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote has-text-align-center has-medium-font-size is-layout-flow wp-block-quote-is-layout-flow\" style=\"border-style:none;border-width:0px;padding-top:0;padding-bottom:0\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>However, this normalisation should not be confused with an end to the \u201chousing crisis\u201d.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Tensions do not disappear; they simply shift. The recovery is currently driven almost exclusively by the existing housing market, whilst the new-build sector remains persistently sluggish. This divergence is the main risk factor for the coming years: fewer homes being built today means greater pressures tomorrow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rental market is already reflecting this trend. Whilst sale prices are stabilising, rents being charged for new tenancies continue to rise significantly faster than inflation. This discrepancy shows that the normalisation of the property market does not mean the housing crisis has been resolved. It is simply taking on a different form: less visible in the sales market, but just as prevalent when it comes to access to housing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In other words, whilst the property market appears to be gradually emerging from the cyclical downturn it has experienced, the structural imbalances linked to insufficient supply remain largely intact.<\/p>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Read our full analysis of the Luxembourg property market in the second quarter of 2026 right here\u00a0<\/strong>\ud83d\udc47\ud83c\udffb<\/p>\n\n\n\n<div class=\"wp-block-buttons has-background-background-color has-background is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-20959078 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background wp-element-button\" style=\"border-top-left-radius:14px;border-top-right-radius:14px;border-bottom-left-radius:14px;border-bottom-right-radius:14px\"><strong>Analysis of Q2 2026<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>Des prix de vente qui \u00e9voluent de mani\u00e8re contrast\u00e9e, des prix des appartements neufs qui tendent \u00e0 se stabiliser apr\u00e8s plusieurs trimestres de baisse, et un march\u00e9 locatif toujours orient\u00e9 \u00e0 la hausse : voici ce que l\u2019on retient du deuxi\u00e8me trimestre 2026. Pour d\u00e9crypter ces \u00e9volutions, nous avons recueilli les points de vue de [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":18901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[217,219],"tags":[],"class_list":["post-18871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marche-immobilier","category-prix-tendances"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>March\u00e9 immobilier : l\u2019analyse de nos experts au T2 2026<\/title>\n<meta name=\"description\" content=\"Nos experts analysent le march\u00e9 immobilier luxembourgeois au 2\u1d49 trimestre 2026 : prix, location, neuf et perspectives.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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