Choose your location
Menu
Luxembourg property prices appear poised for recovery

Luxembourg property prices appear poised for recovery

On February 1st, we hosted our inaugural Inform & Connect event “Real estate: Towards a new direction,” a half-day panel debate
replay & photos

In line with the 2023 global real estate correction, Luxembourg property prices declined 13.6% on an annual basis as of the third quarter of last year, impacted by higher interest rates. The country’s property sector appears poised for recovery in 2024, however, especially following European Central Bank interest-rate cuts that are expected around mid-year. The sector should be further supported by gradually easing financial conditions and a broader macroeconomic recovery.

That is the view of Nicolas Sopel, Head of Macro Research & Chief Strategist, Luxembourg, at Quintet Private Bank. Sopel spoke today (February 1, 2024) at “Real estate: Towards a new direction,” a half-day panel debate organized by Quintet.

“We have already seen a rebound in listed property markets, following the earlier correction. Physical properties may continue to face downward pressure in the short term, but expected lower interest rates should ease financial constraints and prove a tailwind for the sector,” said Sopel, who spoke on a panel titled “A paradigm shift in investment strategies.”

Sopel was joined on that panel by Martine Gerber-Lemaire, Head of the Real Estate Practice at Dentons Luxembourg; Nicolas Mackel, CEO of Luxembourg for Finance; and Sven Rein, Partner at PANDOO Management.

A second panel focused on potential policies that could contribute to Luxembourg’s overall attractiveness, further supporting real estate prices. Participants in that panel included Jerry Grbic, CEO of the Luxembourg Bankers’ Association (ABBL); Morgan Mével, Senior Investment Advisor – Capital Markets at INOWAI; Michel-Edouard Ruben, Senior Economist at the Fondation IDEA, the think tank of the Luxembourg Chamber of Commerce; and Jean-Paul Scheuren, President of the Chambre Immobilière, Luxembourg’s chamber of estate agents.

More than 150 guests attended this invitation-only event at Quintet’s headquarters, which was hosted by Nora Lemhachheche, Head of Wealth Management at Quintet Luxembourg. Panel discussions were moderated by Nathalie Reuter, founder of Walk the Talk.

news

AS SEEN IN THE PRESS


Introduction and first panel

Second panel and Q&A

Photo gallery

Quintet Inform & Connect - Real Estate

Content Overview

Click on the button below to find out more about the topics covered, as well as the speakers and their biographies, on the event page.
Read more

Our latest insights

Discover our insights into the latest investment news and trends. Find out the information you need to know to better understand how to invest and manage your money.
This document and the information and data that it contains relating to products, services or financial instruments, as well as any analyses, assessments, suppositions, judgements, opinions, and estimates presented therein (the “Information”) has been prepared by Quintet Private Bank (“Quintet”) for your exclusive and private use in the provision of personal investment advice by Quintet on the basis of your risk tolerance and suitability. Prior to any transaction or investment in the product, you should make your own appraisal of all the risks, including, but not limited to, the risks from a financial, legal, tax and accounting perspective, without relying exclusively on the Information contained in this document. Please note that the past performance of a financial instrument is not an indicator of its future performance. The Information may be changed at any time without advance notice or any notification being sent to you. Any projections and forecasts are based on a certain number of suppositions concerning the current and future market conditions and there is no guarantee that the expected result will ultimately be achieved. While the Information has been established on the basis of reliable sources and is therefore presumably correct at the date of publication of this document, it is provided with no guarantee, either express or implicit, as to its completeness, accuracy, authenticity, timeliness, validity or relevance and no liability is accepted by Quintet in this respect. This document and the Information, content, text and illustrations are the property of Quintet and/or third parties contractually linked to Quintet. It is forbidden to copy, publish, distribute, transmit or reproduce, either in whole or in part, the Information contained in this document.
Contact us