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Tackling Luxembourg's housing crisis
Luxembourg

Tackling Luxembourg's housing crisis

11.10.2015 From our online archive
Luxembourg is facing a housing crisis and meeting its accommodation needs is a huge challenge, the Housing Minister said on Saturday.

Luxembourg is facing a housing crisis and meeting its accommodation needs is a huge challenge, the Housing Minister said on Saturday.

Speaking at the opening of the Home & Living Expo, a date which coincided with the start of National Housing Week, Housing Minister Maggy Nagel underlined the need for more housing.

She said that resident numbers have risen by 20 percent in the past 20 years with 13,000 people moving to Luxembourg each year, not including refugees.

“A huge effort needs to be made,” she said, adding that there are 600 hectares of vacant lots around the country, enough to house 30,000 people, but land owners are not willing to develop the sites.

The Minister said that planning procedures would not be relaxed to ease demand, however.

Hereditary Grand Duke Guillaume and Hereditary Grand Duchess Stéphanie were at the opening of the event at Luxexpo on Saturday, where they met and spoke with many of the stand holders.

Another highlight of the opening was the speech by Secretary of State, Ministry of Economy, Francine Closener.

Ms Closener announced that the government and the Confederation of Trade had agreed on an action programme to support retail trade as part of the Rifkin study to identify major future trends to make Luxembourg more connected.

She also recalled that the megatrends prognosticated by the American economist would benefit all economic sectors, especially crafts, but it would be difficult to assess in the very long term the true impact of digitization on the National economic model.

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