2024: Towards a real estate recovery in Luxembourg?

𝘈𝘧𝘵𝘦𝘳 𝘢 𝘥𝘪𝘧𝘧𝘪𝘤𝘶𝘭𝘵 𝘺𝘦𝘢𝘳 2023, 𝘦𝘹𝘱𝘦𝘳𝘵𝘴 𝘪𝘯 𝘵𝘩𝘦 𝘓𝘶𝘹𝘦𝘮𝘣𝘰𝘶𝘳𝘨 𝘳𝘦𝘢𝘭 𝘦𝘴𝘵𝘢𝘵𝘦 𝘮𝘢𝘳𝘬𝘦𝘵 𝘢𝘯𝘵𝘪𝘤𝘪𝘱𝘢𝘵𝘦 𝘢 𝘳𝘦𝘤𝘰𝘷𝘦𝘳𝘺 𝘪𝘯 2024.

📉 Context 2023: An unprecedented fall

 • After years of increases, a drastic drop in real estate prices.

 • Julien Licheron of the Habitat Observatory highlights a unique crisis, more pronounced than previous ones.

🔍 Recovery factors:

 • Interest rate cuts from December 2023.

 • More affordable prices, particularly in existing real estate.

 • Government measures, announced by Prime Minister Luc Frieden, aimed at stimulating real estate investment.

📅 When to expect the recovery?

 • According to Pierre Clément of Nexvia, the new market could pick up again in the third quarter of 2024.

 • But a fall in prices is necessary for a full recovery.

💬 An optimistic but cautious future:

 • Julien Licheron warns: household purchasing power has its limits.

 • Experts, including Soufiane Saadi of atHome Group, are nevertheless optimistic for 2024.

🤔 Your opinion :

 • Do you think the Luxembourg real estate market will experience a recovery in 2024?

𝘚𝘰𝘶𝘳𝘤𝘦: 𝘎𝘢ë𝘭 𝘈𝘳𝘦𝘭𝘭𝘢𝘯𝘰 | 𝘙𝘵𝘭 | 14.01.2024