Average house price to gross wage nationwide reached 5.75 years in 2012 in Luxembourg, according to the National Statistical Office. This is 2.74 % more than in the previous year.
Historically, average house price to gross wage nationwide in Luxembourg reached an all time high of 5.93 years in 2007 and an all time low of 3.14 years in 1995. When compared to Luxembourg's main peers, average house price to gross wage nationwide in Belgium amounted to 5.18 years, 5.14 years in France, 3.40 years in Germany and 5.45 years in Netherlands in 2012.
Luxembourg has been ranked 12th within the group of 26 countries we follow in terms of average house price to gross wage nationwide, 8 places above the position seen 10 years ago.
The price-to-income ratio is the basic affordability measure for housing in a given area.