Peltier, Francois. “Projection of the private households and the housing needs 2010-2030.” Working Paper du STATEC No. 55, September 2011.
Prepared by Piyabha Kongsamut (EUR).
See also the Selected Issues Paper: “The Financial Sector: Strengths and Challenges.”
Population density was 205 inhabitants per square kilometer in 2012, compared to 103 in France, 367 in Belgium, and 229 in Germany.
Projections show a baseline need of 6500 new housing units per year between 2010 and 2030 to deal with the projected increase in demand (Peltier, 2011). As a comparison, between 2000 and 2010, an average 2677 housing units were completed each year. In addition, some estimates suggest that, even with this plan fully implemented, around 50,000 new housing units would become available, versus a need for 80,000 units by 2030 (CES study, 2013).
See also the Selected Issues Paper: “The Fiscal Position—Sound for Now, but Significant Challenges Ahead”.
The “Pacte de logement” included the possibility to introduce a tax on vacant homes and residential buildings that have been unoccupied for 18 months, and for land approved for residential construction since 3 years but not built on. However, only a few communities are implementing this kind of tax.
BCL Bulletin, 2013/2, based on results of the 2010/11 Luxembourg Household Finance and Consumption Survey (LU-HFCS).
BCL data suggests that as much as 30 percent of housing loans provided in 2013 were fixed-rate loans.