Toward a real estate market recovery by fall?
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Rudolphe ABEN
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The number of transactions has been increasing for the second consecutive quarter, and signs of an imminent recovery are becoming more apparent. Buyers are actively searching for opportunities to become property owners. Regarding prices, we observe stabilization at the national level, with decreases ranging between 10% and 30% depending on the commune. Although this drop does not entirely offset the increase in credit costs, the expected upcoming rate reductions should help achieve the much-anticipated balance.
What profile do you need to obtain a housing loan on the best terms?
To secure a housing loan on the best terms, certain requirements remain essential: stable employment and a consistent income that is three times the credit repayment costs are primary conditions. Additionally, a substantial down payment can sometimes be a decisive factor. The energy efficiency rating of the property also plays an important role in credit rates. For example, a property with an A rating will benefit from a lower interest rate compared to a property with a D or E rating. Properties with an A rating are scarce, so their value is likely to be preserved. Conversely, properties with low energy efficiency will need to be renovated to improve their energy performance and maintain their value.
Seasonal dynamics influenced by holidays
The weather this year has not been kind to Luxembourg residents, making the approach of holidays even more eagerly anticipated. The school year has ended, and the last affairs to settle precede the much-deserved holiday departures. Upon their return, the activity in real estate searches is expected to intensify, with the goal of finding a home or family nest. The market still offers a varied selection, and quality properties can sometimes be sold at fair prices.
Transparency and market Information
To ensure transparency, we now display in each sales listing, provided we have reliable data, price statistics and their projections, as well as the positioning of the listing in the market. The time has come to finally find your ideal property and anchor yourself in Luxembourg.
Don't hesitate to contact us for any additional information or to start your search today.