Housing Index in Luxembourg decreased to 162.28 points in the first quarter of 2025 from 164.25 points in the fourth quarter of 2024. This dataset provides - Luxembourg House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about House Prices Growth

• Luxembourg house prices dropped 1.7% YoY in Sep 2024, following a decrease of 8.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2008 to Sep 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.2% in Mar 2021 and a record low of -14.5% in Dec 2023.

Graph and download economic data for Real Residential Property Prices for Luxembourg (QLUR628BIS) from Q1 2007 to Q4 2024 about Luxembourg, residential, HPI, housing, real, price index, indexes, and price.

This statistic illustrates the take-up of office real estate in Luxembourg City from 2013 to 2020. It can be seen that between the years of 2019 and 2020, take-up decreased by approximately 35 thousand square meters to a total of 225 thousand square meters in 2020.

The value of investment into office real estate in Luxembourg peaked in 2018 at 1.8 billion euros, followed by a general decrease in the following years. In 2023, about 500 million euros had been invested into office real estate in 2023. The office sector was badly affected by the coronavirus (COVID-19) pandemic in 2020.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

This statistic shows the prime yield of office property in Luxembourg from 2014 to 1st half of 2020. In 2014, the prime yield of office space reached a value of approximately 5.5 percent. By 2018, this had decreased to four percent.

This statistic illustrates the vacancy rate for office real estate in Luxembourg City from the fourth quarter of 2013 to the fourth quarter of 2019. It can be seen that between 2013 and 2019 the vacancy rate fluctuated to 3.6 percent as of the fourth quarter of 2019.

Comprehensive dataset of 200 Real estate consultants in Luxembourg as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

This survey shows the share of respondents who expect housing prices to rise in the Benelux countries from 2014 to 2016*. Of the Benelux countries, Luxembourg has the most respondents expecting that housing prices will rise over the next 12 months.

Comprehensive dataset of 323 Real estate developers in Luxembourg as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 31 Real estates in Luxembourg as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

How much is an apartment in Luxembourg? According to calculations based on data from the Publicité Foncière, prices increased for existing apartments (in French: appartements existants) over the last years. Between July 2018 and June 2019, the average selling price was more than ***** euros per square meter. In recent years, the housing market of the Grand Duchy of Luxembourg was affected by two developments: an increasing population due to the arrival of new residents from foreign countries and new dwellings not matching up to the population increase. As such, prices of residential property have increased. House prices in the canton of Luxembourg, which includes both Luxembourg City as well as its outskirts, were higher than in the rest of the country.

The Luxembourg Facility Management (FM) market exhibits robust growth, driven by a burgeoning commercial sector, increasing infrastructural development, and a rising demand for efficient and sustainable building operations. The market size, estimated at €150 million in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 2.50% through 2033. This growth is fueled by several key factors. Firstly, the continuous expansion of Luxembourg's financial and technological sectors necessitates sophisticated FM solutions to manage their complex real estate portfolios. Secondly, a growing emphasis on sustainability and energy efficiency is driving demand for integrated FM services that optimize building performance and minimize environmental impact. Thirdly, the increasing complexity of building management systems and the need for specialized expertise are encouraging businesses to outsource FM services to specialized providers, boosting the outsourced FM segment's growth. The market is segmented by facility management type (in-house, outsourced – single, bundled, integrated), offering type (hard FM, soft FM), and end-user (commercial, institutional, public/infrastructure, industrial, others). While in-house FM remains prevalent among large organizations, the outsourced segment, particularly bundled and integrated FM, is experiencing significant growth due to its cost-effectiveness and comprehensive service offerings. Leading players in the Luxembourg FM market include CBRE Luxembourg, ISS Luxembourg, Cushman & Wakefield, G4S Luxembourg, and others. These companies are actively investing in innovative technologies and expanding their service portfolios to cater to evolving client needs. The competitive landscape is characterized by both local and international players, creating a dynamic market environment. However, potential restraints include fluctuations in the economy and the availability of skilled labor, which may impact market growth in the coming years. Despite these challenges, the Luxembourg FM market is expected to maintain its positive trajectory, driven by sustained economic growth, infrastructural developments, and increasing demand for sophisticated FM solutions. The continued adoption of smart building technologies and sustainability initiatives will further propel market expansion throughout the forecast period. Recent developments include: December 2021: Cushman & Wakefield advised VISTRA Luxembourg in its relocation process in the Quatuor Building in the Cloche d'Or district. The company decided to collaborate with Cushman & Wakefield to define its real estate strategy, consolidate its activities under one single rooftop and offer new modern premises to attract and retain its talents.. Key drivers for this market are: Growing Trend Toward Commoditization of FM, Renewed Emphasis on Workplace Optimization and Productivity. Potential restraints include: Growing Trend Toward Commoditization of FM, Renewed Emphasis on Workplace Optimization and Productivity. Notable trends are: IoT Allows Facility Management Teams to Drive for Efficiency, Sustainability, and Cost Savings.

This statistic shows the total take-up of office space in Luxembourg from 2014 to 2018 (in thousand square meters of lettable floor area). In 2014, approximately 195,000 square meters of office real estate was taken up in Luxembourg. By 2018, this had increased to 245,000 square meters.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

The USA office real estate market, currently experiencing robust growth, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is fueled by several key drivers. The robust performance of the Information Technology (IT and ITES) sector, along with continued growth in the Banking, Financial Services, and Insurance (BFSI) industries, are significantly boosting demand for office space. Furthermore, the expansion of consulting firms and other service-based businesses contributes to this positive trend. However, the market is not without its challenges. Factors such as economic uncertainty, fluctuating interest rates, and the increasing adoption of hybrid work models could act as restraints on growth. The market is segmented by sector, with IT and ITES, BFSI, and consulting firms representing the largest segments. Major players like Turner Construction Company, Kiewit Corporation, and others are shaping the market through their construction and development activities. While the precise market size for 2025 is not provided, considering a conservative estimate based on the given CAGR and assuming a 2024 market size of approximately $1 trillion (this is an estimation), we can project a substantial increase over the forecast period. Regional variations will exist, with major metropolitan areas like New York, Los Angeles, and Chicago likely exhibiting higher growth rates compared to less densely populated regions. The long-term outlook remains positive, although proactive adaptation to evolving workplace dynamics will be critical for sustained success within the industry. The competitive landscape is characterized by a blend of large national firms and regional players. The increasing emphasis on sustainable building practices and technological advancements in building management systems is another trend shaping the market. While the rise of remote work poses a potential challenge, the demand for flexible and adaptable office spaces, designed to cater to hybrid work models, is simultaneously creating new opportunities. The market's future trajectory will depend heavily on the macroeconomic environment, technological advancements, and the evolving preferences of businesses and workers concerning workspace arrangements. Continuous monitoring of these dynamics is essential for informed decision-making in this dynamic and competitive sector. Recent developments include: April 2023: The principals of Mishawaka-based Cressy Commercial Real Estate are pleased to announce the completion of a merger with Mno-Bmadsen, the nongaming investment arm of the Pokagon Band of Potawatomi. The merger will enable Cressy to expand into new markets and implement their strategic goals while continuing to provide world-class service to past and future clients. Mno-Bmadsen will benefit from additional resources to manage the real estate needs of its growing portfolio of investments., February 2023: Mirabaud Asset Management has structured the acquisition of a two-building office occupied by a non-profit academic foundation and medical center. The transaction was structured by Mirabaud Asset Management as a Luxembourg-based institutional commercial real estate partnership on behalf of its international clientele. This acquisition brings the value of Mirabaud's US real estate portfolio to almost $600 million.. Notable trends are: Increase in Leasing Volumes.

LU: Foreign Direct Investment Position: Inward: USD: Total: Real Estate Activities data was reported at 1.368 USD bn in 2023. This records an increase from the previous number of 1.303 USD bn for 2022. LU: Foreign Direct Investment Position: Inward: USD: Total: Real Estate Activities data is updated yearly, averaging 178.588 USD mn from Dec 2012 (Median) to 2023, with 12 observations. The data reached an all-time high of 1.632 USD bn in 2014 and a record low of 9.799 USD mn in 2015. LU: Foreign Direct Investment Position: Inward: USD: Total: Real Estate Activities data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.FDI: Foreign Direct Investment Position: USD: by Industry: OECD Member: Annual. Reverse investment: Netting of reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) and reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the ultimate controlling parent (extended directional principle). FDI transactions and positions by partner country and/or by industry are available excluding and including resident Special Purpose Entities (SPEs). The dataset 'FDI statistics by parner country and by industry - Summary' contains series including resident SPEs only. Valuation method used for listed inward and outward equity positions: Market value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Market value, Nominal value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are not covered as direct investment enterprises. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions and positions are allocated according to the activity of the resident direct investor. Statistical unit: Enterprise.

Luxembourg LU: Foreign Direct Investment Financial Flows: Inward: Total: Real Estate Activities data was reported at 0.000 EUR mn in 2023. This stayed constant from the previous number of 0.000 EUR mn for 2022. Luxembourg LU: Foreign Direct Investment Financial Flows: Inward: Total: Real Estate Activities data is updated yearly, averaging 0.000 EUR mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 928.000 EUR mn in 2013 and a record low of -525.000 EUR mn in 2017. Luxembourg LU: Foreign Direct Investment Financial Flows: Inward: Total: Real Estate Activities data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Luxembourg – Table LU.OECD.FDI: Foreign Direct Investment Financial Flows: by Industry: OECD Member: Annual. Reverse investment: Netting of reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) and reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the ultimate controlling parent (extended directional principle). FDI transactions and positions by partner country and/or by industry are available excluding and including resident Special Purpose Entities (SPEs). The dataset 'FDI statistics by parner country and by industry - Summary' contains series including resident SPEs only. Valuation method used for listed inward and outward equity positions: Market value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Market value, Nominal value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are not covered as direct investment enterprises. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions and positions are allocated according to the activity of the resident direct investor. Statistical unit: Enterprise.