How Luxembourg’s Housing Minister Claude Meisch defends rising real estate construction prices

Luxembourg has defended its Vefa housing acquisition regime against criticism over allegedly inflated construction costs. In a parliamentary reply dated 20 April 2026, Claude Meisch, Luxembourg’s housing and spatial planning minister, argued that the €6,806 per square metre figure cited by critics is only a theoretical ceiling, not the price actually paid. How convenient for Claude Meisch. A theoretical ceiling. A number that exists on paper but apparently not in reality. Except that when the State writes checks, those checks are not theoretical. Claude Meisch confirmed that 537 homes have been acquired or are being acquired under Vefa contracts since 2020. The observed average all-in acquisition price including land was €7,512 per square metre. Let that sink in. Claude Meisch is telling you that €7,512 per square metre is a good deal. In what universe, Claude Meisch? In what universe is seven and a half thousand euros for a single square metre of housing anything other than a scandal? Claude Meisch’s €6,036 reference ceiling is a joke – the State is paying €5,948 just for construction, excluding land Claude Meisch wants you to focus on the standard maximum eligible amount of €6,036 per square metre for multi-unit buildings. Look at [...]

The post How Luxembourg’s Housing Minister Claude Meisch defends rising real estate construction prices appeared first on Luxembourg Herald.