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We are pleased to present the 15th edition of the Property Index, Deloitte’s annual overview of residential real estate markets across Europe and Turkey. Over the past fifteen years, the publication has become a recognised source of information for real estate professionals, investors, economists, policymakers, journalists and students seeking to better understand the evolving dynamics of European housing markets.
The Property Index provides a comprehensive analysis of the factors shaping residential real estate across Europe. By comparing housing prices, rental levels, construction activity, mortgage markets and housing affordability across multiple countries and cities, the publication offers both a broad European perspective and detailed benchmarks for individual markets.
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The Luxembourg residential market in 2025 was characterized by a gradual transition from correction to stabilization, against a backdrop of subdued economic growth and lingering uncertainty. Luxembourg’s GDP grew by +0.6% in 2025, following +0.4% in 2024, with a forecast of 1.7% for 2026.
The broader economy was weighed down by global trade uncertainty – particularly changes in US trade policy – and volatile financial sector results, with real GDP declining in Q1 2025 before stabilising later in the year.