The invention discloses a Ho<3+> / Pr<3+> codoping 
lithium yttrium fluoride monocrystal and a preparation method thereof. The 
lithium yttrium fluoride monocrystal is a rare-earth iron Ho<3+> / Pr<3+> codoping monocrystal; the molecular formula of the 
lithium yttrium fluoride monocrystal is LiY(1-x-y)HoxPryF4, wherein x is more than and equal to 0.004 or less than and equal to 0.08, and y is more than and equal to 0.0002 or less than and equal to 0.01. The lithium 
yttrium fluoride monocrystal disclosed by the invention has the characteristics of high efficiency of 2.9 mu m 
fluorescence emission, high intermediate-
infrared transmittance, more excellent thermotic, mechanical and 
chemical stability compared with those of a glass-state material, low 
phonon energy, high optical transmissibility at a 300-5500 nanometer 
broadband, small color center forming amount, low thermal 
lens effect, and the like, and is easier to process and more suitable for a 
laser device. The preparation method disclosed by the invention adopts a sealing 
crucible descent method technology, is easy to operate, carries out high-temperature fluorination treatment on a 
raw material and obtains the high-quality Ho<3+> / Pr<3+> codoping LiYF4 monocrystal almost without -OH ions or oxides by insulating the monocrystal from air and vapors in the growing process by adopting a water-insulated 
oxygen-insulated sealing environment.