Research

Luxembourg Property Market Overview 2019

2019 closes record high figures

The last quarter of the year showed impressive transaction flow, bringing the year total volume to around 265,000 sq.m.
Vacancy was also at its lowest, dropping to 3.2% compared to 3.4% in the previous year
Prime rents 2% higher in 2020, at €51 / sq.m. / month (excl. V.A.T.),
Record transaction volume of 122,000 sq.m. was also registered by the Retail market at the end of year
Apartment prices have increased as well by about 18% for new apartments under construction and almost 11% for existing ones
Prime office yields remains at 4% so far, with compression potential to 3,5% in 2020.

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