Even in this super-rich country, people use unique hacks to save rent

Luxembourg is facing a housing crisis as the cost of housing soars, making it unaffordable for many residents. The average house costs 1.5 million euros, pushing Luxembourgers to seek housing in neighboring countries. The crisis is exacerbated by the absence of inheritance tax, which leads property owners to withhold land from development. Additionally, the country’s demographic makeup and influx of foreign workers intensify competition for housing. The government has promised measures to address the crisis, but tackling the deep-rooted issues will be challenging. The crisis highlights the contrast between job security for Luxembourgers and the vulnerability of resident foreigners.