Thursday, February 8, 2024
Luxembourg property prices appear poised for recovery
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.