The house price to rent ratio in Luxembourg from 2007 to 2020 changed over time. In 2020, the ratio reached an index value of 142.8, well above the OECD average, which was around 115.1 during that time.
This ratio, based on the nominal purchase price of a house divided by the annual rent of a similar place, is normally used to show the undervaluation or overvaluation of real estate prices and aims to give an indication whether or not it is cheaper to buy or to rent residential property. The source mentions that values over 100 indicate that the present price-rent ratio, or price-income ratio, is above its long-run norms. This provides an indication of possible housing market pressures.
Annual house price to rent ratio in Luxembourg from 2007 to 2020
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OECD. (August 25, 2021). Annual house price to rent ratio in Luxembourg from 2007 to 2020 [Graph]. In Statista. Retrieved December 08, 2021, from https://www.statista.com/statistics/971390/house-price-to-rent-ratio-in-luxembourg/
OECD. "Annual house price to rent ratio in Luxembourg from 2007 to 2020." Chart. August 25, 2021. Statista. Accessed December 08, 2021. https://www.statista.com/statistics/971390/house-price-to-rent-ratio-in-luxembourg/
OECD. (2021). Annual house price to rent ratio in Luxembourg from 2007 to 2020. Statista. Statista Inc.. Accessed: December 08, 2021. https://www.statista.com/statistics/971390/house-price-to-rent-ratio-in-luxembourg/
OECD. "Annual House Price to Rent Ratio in Luxembourg from 2007 to 2020." Statista, Statista Inc., 25 Aug 2021, https://www.statista.com/statistics/971390/house-price-to-rent-ratio-in-luxembourg/
OECD, Annual house price to rent ratio in Luxembourg from 2007 to 2020 Statista, https://www.statista.com/statistics/971390/house-price-to-rent-ratio-in-luxembourg/ (last visited December 08, 2021)
