{"id":131012,"date":"2026-09-10T20:06:52","date_gmt":"2026-09-10T18:06:52","guid":{"rendered":"https:\/\/www.selfhome.lu\/?p=131012"},"modified":"2026-09-10T20:06:54","modified_gmt":"2026-09-10T18:06:54","slug":"hausse-taux-bce-credit-immobilier-luxembourg","status":"publish","type":"post","link":"https:\/\/www.selfhome.lu\/en\/hausse-taux-bce-credit-immobilier-luxembourg\/","title":{"rendered":"The ECB is raising its rates: your loan in Luxembourg too?"},"content":{"rendered":"\n\n
\n\n\n
\n

ECB Decision \u2022 Berlin \u2022 September 10, 2026<\/p>\n

The ECB is raising interest rates
its rates.<\/span><\/h1>\n

Your credit too?<\/p>\n

What the +0.25 % increase Actually Means for Your Real Estate Project in Luxembourg<\/p>\n<\/div>\n\n\n

\n

Meeting in Berlin on Thursday, the European Central Bank raised its three key interest rates by 25 basis points. But in Luxembourg, the impact on mortgages is far from automatic. Here is what the figures from the Central Bank of Luxembourg really say.<\/p>\n<\/div>\n\n\n

\n\n
\n
\ud83c\udfe6<\/div>\n

What was decided today<\/h2>\n <\/div>\n\n
\n
\n 2,50%<\/span>\n Ease of deposit
reference rate<\/span>\n <\/div>\n
\n 2,65%<\/span>\n Refinancing
principal<\/span>\n <\/div>\n
\n 2,90%<\/span>\n Marginal lending facility
emergency credits<\/span>\n <\/div>\n
\n Sept 16.<\/span>\n Start date
in force<\/span>\n <\/div>\n <\/div>\n\n

The Governing Council, meeting exceptionally in Berlin<\/strong>, raised its three key interest rates by 25 basis points. This is the second increase of the year<\/strong>, after the one in June and a break in July.<\/p>\n\n

The stated reason: the conflict in the Middle East continues to generate tensions on inflation, which is expected to remain well above the target for an extended period.<\/p>\n\n

\n
\n INFLATION PROJECTIONS \u2014 EURO AREA<\/span>\n <\/div>\n
\n
2026<\/span><\/div>\n 3,0 %<\/span>\n <\/div>\n
\n
2027<\/span>
revised upward<\/span><\/div>\n 2,5 %<\/span>\n <\/div>\n
\n
2028<\/span>
back to the goal<\/span><\/div>\n 2,1 %<\/span>\n <\/div>\n <\/div>\n\n

A return to the 2 % target is therefore postponed to 2028<\/strong>. Growth is expected to be 0.9 % in 2026 and 1.4 % in 2027. The ECB states that it is not committing to any interest rate path and will make decisions on a meeting-by-meeting basis.<\/p>\n\n<\/div>\n\n\n

\n\n
\n
Luxembourg<\/div>\n

Where are interest rates really at in Luxembourg<\/h2>\n <\/div>\n\n

This is where you need to be precise: Luxembourg tax scales do not automatically follow key interest rates<\/strong>, and even less the French market figures that often circulate in the press. The only reliable data for the Grand Duchy is that of the Central Bank of Luxembourg<\/strong>.<\/p>\n\n

\n
\n MORTGAGE LOANS TO HOUSEHOLDS \u2014 BCL, JUNE 2026<\/span>\n <\/div>\n
\n
Variable rate<\/span>
+9 pdb vs mai<\/span><\/div>\n 3,19 %<\/span>\n <\/div>\n
\n
Fixed 1 to 5 years<\/span>
-2 pdb vs mai<\/span><\/div>\n 3,72 %<\/span>\n <\/div>\n
\n
5 to 10 years fixed<\/span>
-13 pdb vs mai<\/span><\/div>\n 3,80 %<\/span>\n <\/div>\n <\/div>\n\n
\n

Revealing detail: the volume of new variable-rate loans has bond of 212 to 295 million \u20ac<\/strong> between May and June. Over one year, the variable rate even down 9 basis points<\/strong>.<\/p>\n <\/div>\n\n

In other words: at the time of the first ECB rate hike in June, Luxembourg banks did not pass it on abruptly. Long fixed rates even dropped slightly.<\/strong><\/p>\n\n<\/div>\n\n\n

\n\n
\n
\ud83d\udd0d<\/div>\n

Why is there no automatic repercussion<\/h2>\n <\/div>\n\n
\n
\n 1<\/span>\n Fixed rates follow long-term rates<\/span>\n <\/div>\n

The ECB's key interest rates drive financing at short term<\/strong> banks. A 20-year loan is refinanced on the long bond markets, whose dynamics are different.<\/p>\n <\/div>\n\n

\n
\n 2<\/span>\n Local bank competition<\/span>\n <\/div>\n

The Luxembourg market has a limited number of highly competitive players in residential credit. The banks often absorb part of the increase<\/strong> so as not to lose market share.<\/p>\n <\/div>\n\n

\n
\n 3<\/span>\n No usury rate in Luxembourg<\/span>\n <\/div>\n

Unlike France, there is no no regulatory ceiling<\/strong>. The fee scales are flexible and are negotiated on a case-by-case basis.<\/p>\n <\/div>\n\n<\/div>\n\n\n

\n\n
\n
\ud83d\udccb<\/div>\n

The Luxembourg framework to know<\/h2>\n <\/div>\n\n
\n
\n LTV LIMITS \u2014 CSSF REGULATION N\u00b0 20-08<\/span>\n <\/div>\n
\n
First-time home buyers<\/span><\/div>\n 100 %<\/span>\n <\/div>\n
\n
Other primary residence<\/span><\/div>\n 90 %<\/span>\n <\/div>\n
\n
Rental investment<\/span><\/div>\n 80 %<\/span>\n <\/div>\n <\/div>\n\n

Acquisition costs:<\/strong> registration duty of 7 %<\/strong>, payable from equity, before application of the B\u00ebllegen Akt tax credit.<\/p>\n\n<\/div>\n\n\n

\n\n
\n
\ud83d\ude80<\/div>\n

The counterweight: The \u00abBooster for housing construction\u00bb<\/h2>\n <\/div>\n\n

Good news: the rate hike comes at a time when the government package of July 16 is beginning to take effect. It partially offsets<\/strong> the rising cost of credit.<\/p>\n\n

\n

\ud83d\udcb0 Registration duty reduced to \u20ac45,000<\/strong> per person (\u20ac90,000 for a couple), exemption ceiling raised to \u20ac640,000, with retroactive application.<\/p>\n

\ud83c\udfd7\ufe0f Exemption from registration duties<\/strong> on the construction portion for off-plan properties that are 80% complete (% maximum), valid for 3 years.<\/p>\n

\ud83d\udc65 Enhanced aid<\/strong> for first-time buyers aged 35 or under.<\/p>\n <\/div>\n\n

\n

A frugal buyer \u20ac45,000 in acquisition costs<\/strong> more than offsets a 0.25 % increase in its interest rate.<\/p>\n <\/div>\n\n

\n

\u26a0\ufe0f Please note:<\/strong> these measures have been announced but are not not yet voted<\/strong> at the Chamber of Deputies.<\/p>\n <\/div>\n\n<\/div>\n\n\n

\n\n
\n
\ud83d\udca1<\/div>\n

What that changes for you<\/h2>\n <\/div>\n\n
\n
\ud83c\udfe0 You are a buyer<\/div>\n

If your file is ready, move forward. Luxembourg fixed rates remain contained (3.72 % to 3.80 %<\/strong> (depending on the term) and the enhanced B\u00ebllegen Akt mechanically improves your budget. Opt for a fixed rate if you\u2019re looking for security\u2014since a return to 2 % inflation has been pushed back to 2028, the period of high rates could last.<\/p>\n <\/div>\n\n

\n
\ud83d\udcb0 You are a salesperson<\/div>\n

Buyers' borrowing capacity is shrinking. Expect a tighter negotiations<\/strong>, especially for high-end properties in their segment. A well-calibrated price from the moment of listing remains the best lever.<\/p>\n <\/div>\n\n

\n
\ud83d\udccb You have a variable-rate loan<\/div>\n

Contact your bank to evaluate Conditions for switching to a fixed rate<\/strong>.<\/p>\n <\/div>\n\n<\/div>\n\n\n

<\/div>\n\n\n
\n \ud83d\ude80 Coming soon for agencies<\/span>\n

The platform that works for you
Individuals and professionals<\/h3>\n

When rates rise, every euro counts. Selfhome.lu<\/strong> has established itself as the benchmark for direct transactions in Luxembourg \u2014 zero commission<\/strong>, community of over 30,000 members<\/strong>.

And soon, we are opening our services to Real estate agencies<\/strong> \u2014 to offer them a fair alternative to large platforms that crush their margins.<\/p>\n \ud83d\udd0d View the properties listing<\/a>\n Publish my property now<\/a>\n

selfhome.lu
#1 in real estate between individuals \u00b7 Luxembourg<\/span><\/p>\n<\/div>\n\n\n

Sources: ECB \u2014 Monetary Policy Decisions (September 10, 2026) \u00b7 Eurosystem Macroeconomic Projections (September 2026) \u00b7 Central Bank of Luxembourg \u2014 Interest Rate Press Release (August 5, 2026, June 2026 data) \u00b7 CSSF Regulation No. 20-08 \u00b7 gouvernement.lu \u2014 \u00abBooster fir de Wunnengsbau\u00bb \u00b7 Real Estate Chamber of the Grand Duchy \u00b7 LuxKredit.lu<\/p>\n\n<\/div>","protected":false},"excerpt":{"rendered":"

The ECB raised its rates by 0.25 % on September 10. But Luxembourg\u2019s interest rate schedules don\u2019t automatically follow suit: the actual figures from the BCL and what this means for you.<\/p>","protected":false},"author":5,"featured_media":131013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[172],"tags":[],"class_list":["post-131012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/posts\/131012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/comments?post=131012"}],"version-history":[{"count":1,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/posts\/131012\/revisions"}],"predecessor-version":[{"id":131014,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/posts\/131012\/revisions\/131014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/media\/131013"}],"wp:attachment":[{"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/media?parent=131012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/categories?post=131012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.selfhome.lu\/en\/wp-json\/wp\/v2\/tags?post=131012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}