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Average current applied rates

In general, the change in interest rates from one month to the next is very small. Although the figures from the Banque Centrale du Luxembourg are always published with a delay of one to two months, they reflect the current market situation quite well and therefore allow you to estimate whether your interest rate corresponds to the current market situation or not.

Duration of the fixed interest period December
Change in
one year
Variable interest rate and initial fixed interest rate for 1 year or less 1,32 % -0,08 %
Initial fixed interest rate for more than 1 year up to and including 5 years 0,96 % -0,11%
Initial fixed interest rate for more than 5 years up to and including 10 years 1,06 % -0,08 %
Initial fixed interest rate for more than 10 years 1,26 % -0,10 %

Does the corona crisis affect the interest rates on real estate loans?

According to the latest figures published by the Banque Centrale du Luxembourg in February 2021, the interest rates on real estate loans, which were set for a very long term of 10 years and more, fell by 0.10% in one year. In December 2020, the average rate for this fixed interest rate was 1.26% compared to 1.36% in December 2019. We also recorded a decrease of 0.08% for variable interest rates and interest rates that were fixed for very short terms up to a maximum of one year. These reached an average of 1.32% compared to 1.40% in December 2019. The interest rates fixed for short periods of between 1 and 5 years also decreased by 0.11%. These fell from 1.07% in December 2019 to 0.96% in December 2020. The fixed interest rates for a term of between 5 and 10 years also fell and were 1.06% compared to 1.14% in December 2019. Despite the current Corona crisis, interest rates in Luxembourg generally remain at a historically low level. Compared to the previous year, all interest rates fell slightly at the end of 2020. As the figures from the Luxembourg central bank show, the corona crisis did not lead to a general rise in interest rates. Viewed over the whole of 2020, the interest rate changes were very small. Interest rates were largely stable throughout the crisis.