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||February
|Variable interest rate and initial fixed interest rate for 1 year or less||1,35 %||-0,04 %|
|Initial fixed interest rate for more than 1 year up to and including 5 years||1,06 %||+0,02%|
|Initial fixed interest rate for more than 5 years up to and including 10 years||1,10 %||-0,07 %|
|Initial fixed interest rate for more than 10 years||1,28 %||-0,16 %|
According to the latest figures published by the Banque Centrale du Luxembourg in April 2021, the interest rates on real estate loans, which were set for a very long term of 10 years and more, fell by 0.16% in one year. In April 2021, the average rate for this fixed interest rate was 1.28% compared to 1.44% in April 2020. We also recorded a decrease of 0.04% 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 1.35% compared to 1.39% in April 2020. The fixed interest rates for a term of between 5 and 10 years also fell and were 1.10% compared to 1.17% in April 2020. Only interest rates fixed for short periods of between 1 and 5 have increased by 0.02%. They raised from 1.04% in April 2020 to 1.06% in April 2021. Despite the current Corona crisis, interest rates in Luxembourg generally remain at a historically low level. Compared to the previous year, most interest rates fell slightly over the last 12 months. 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 and the first quarter of 2021, the interest rate changes were very small. Interest rates were largely stable throughout the crisis.
Chart based on data published by Banque Centrale du Luxembourg in april 2021