> 'Catastrophic': Protesters take to the streets as Luxembourg grapples with housing crisis / 33WE8GX
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'Catastrophic': Protesters take to the streets as Luxembourg grapples with housing crisis / 33WE8GX
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Demonstrators hit the streets of Luxembourg's capital to protest against rising house prices that have made buying or renting a home in the Grand Duchy impossible for some. "The housing situation in Luxembourg is catastrophic" says Jean-Michel Campanella, a spokesperson for Mieterschutz Association for the Protection of Tenants, "it's been getting worse for years". Antoine Paccoud, a researcher at the Housing Observatory, says that "for 30 years, all housing production has been geared towards investors, and less and less towards first-time buyers". The difficulties faced by young Luxembourgers mean many of them cross into Germany, Belgium or France, where property prices and rents are lower. IMAGES AND SOUNDBITES