In Luxembourg, where 0.5 percent of the population owns about half of all privately held building land, the housing market has tightened to the point where even middle-income earners struggle to secure a stable home.
As prices soar and construction lags, housing has become the country’s chief public concern, eclipsing inflation, mobility and other day-to-day pressures.
The strain is visible on the streets: a growing number of people are falling into homelessness, revealing a stark divide between one of Europe’s wealthiest capitals and those left without a place to live.