Have you ever wondered who could buy your property and at what price?
STATEC publishes statistics on median salaries by municipality. Knowing the borrowing rates and making a few assumptions, it is possible to deduce what maximum price a property could have so that 50% of the population of a given municipality could acquire it.
Of course, all situations are different. Here, we studied the case of a couple of first-time buyers with 2 children and €50,000 down.
On the one hand, in Wiltz, the 50% with the highest incomes could afford a property for €358k excluding fees. In Niederanven, this amount increases to €852k.
Who do you want to reach? The price at which your property will be listed has a big impact and should not be the result of a guess.