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The corona pandemic, as for most sectors, had a major influence on the Luxembourgish residential real estate market. We noticed a change in the behavior on the buyer side, as well as on the seller side due to a lack of available properties for sale.
The pandemic plus further external factors like the inflation discussion, rising prices for renovations and construction strongly influenced the market. Many sales decisions were postponed because of these considerable uncertainties.
Exactly this is Immotop.lu reflecting with 10% less listings in the first quarter of 2021. The market's demand for residential properties stayed on a very high level. This mix of less products on the market and a very high demand pushed the average prices not only in the top...
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