Luxembourg becomes more accessible

Luxembourg becomes more accessible

The Grand Duchy of Luxembourg, barely visible on the map but known due to its stable economy and a high quality of life attracts investors from all over the world. Not everyone can afford to buy real estate in this country - prices are not very accessible. However, recent changes in the housing market of the country show that the soon to purchase real estate in Luxembourg will become more realistic.

Today, the average price of the apartment is about 370 000 euro - about 4 200 euro per square meter. In 2012, experts noted decline in value of real estate, both in the primary and secondary markets. Indexes fell by 1,36% on the new fund and by 3,5% on the old. Despite the decline in the price level, was fixed a decrease in purchases of apartments in Luxembourg - 14%. The demand for homes is still high. Over the last year the number of homes put up for sale has increased by 23%.