The rate of homeownership is close to the OECD average in Luxembourg. However, strong house price increases, mainly driven by population growth and limited housing supply, led to a deterioration in affordability of housing, in particular for the young and added to the wealth gap between homeowners and renters.
Housing and inequality
The case of Luxembourg and its cross-border workers
Working paper
OECD Economics Department Working Papers
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Abstract
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25 July 2024
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