BIL IMMOindex shows positive results in real estate in second quarter of 2017

The BIL IMMOindex, published in partnership with PwC Luxembourg and the Banque Internationale à Luxembourg (BIL), remained persistently high during the second quarter of 2017.

In the second quarter of the year, the BIL IMMOindex showed 1.82 increase up from +1.80 in the fourth quarter of 2016 and from +1.58 year-on-year. Despite a slight decline in the first quarter of 2017, the index returned to the high levels of late 2016.

The movements on the BIL IMMOindex show that the domestic residential property market remains particularly dynamic. The factors behind this strong performance are essentially the same as those identified at the end of 2016: a sharp increase in the number of mortgages (+13.8%) and construction activity (+11.3%), as well as a more pronounced discrepancy between the price increases of old (+7.5%) and new real estate (+3.8%).

Launched in October 2015, the BIL IMMOindex keeps professional, institutional and private investors abreast of residential property market trends in Luxembourg. Updated regularly and published every six months, the index is based on property price trends on the sales market and the rental market, as well as on the underlying factors of supply and demand, like shifting demographics or construction activity in the economy of the country. In total, seven ratios are summarised to produce the BIL IMMOindex to give a concise overview of Luxembourg’s residential property market over the last 35 years.

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.