1、Luxembourg Residential Tenant Survey 2023OCTOBER 2023What is your household status?How many people are there in your household?37%37%34%37%19%12%6%9%4%5%Single1 personCouple2 peopleCouple with kids3 peopleSingle with kids4 peopleOther+5 people2CBRE RESEARCH|CONSUMER SURVEY|2023 2023 CBRE,INC.CBRE fo

2、llowed up its original analysis of the Luxembourg residential rental market with the second annual Residential Tenant Survey for 2023.More than 500 tenants in Luxembourg were questioned about different aspects of their tenancy to better understand the market.They shared their preferences on and feat

3、ures of their current and desired housing situation.INTRODUCTIONFor the 2023 survey,506 Luxembourg tenants formed a sample of the Grand Duchy.Respondents were relatively balanced,with a male/female ratio of 57/42 and an overall average age of 36.7 years.Single households(without children)were most c

4、ommon at 37%followed by couples(without children)at 34%.Households with children made up 25%of all respondents.This is also reflected in household size where almost three-quarters of households were made up of one or two people.People by and large live alone or with their household(86%)versus sharin

5、g with others.Housing size follows household size,with the average rented home reported as 85 m2.Tenants,however,desire more square meters,both inside and out.People pay approximately 1,500/month in rent(plus charges)and are very price sensitive when choosing their home.Once a home is secured,the ex

6、pected tenancy length is 6 years(median).Luxembourg Residential Tenant Survey 2023Gross annual income by number of earners in the household 10%23%19%13%23%12%6%13%8%19%18%13%45%14%15%19%25%100,000 6%1 earner 2 earners Total 3CBRE RESEARCH|CONSUMER SURVEY|2023 2023 CBRE,INC.INCOMEIncome is a vital co