According to Patrick KERSTEN, CEO of AtHome, the average price of a house in the Grand Duchy will reach one million euros in 2020. Nothing seems to stop this trend, not even an economic situation marked by uncertainty.
The question haunts the minds and burns the lips of displaced professionals in Luxembourg. Is it reasonable to buy real estate right now in the Grand Duchy? Difficult to answer. The parameters to consider are many. In addition to personal considerations, macroeconomic indicators, the outlook in terms of national competitiveness and demographics are considered.
Of course, no certain answer can be made in respect to the future. Patrick KERSTEN, CEO and founder of AtHome, the group that manages the eponymous real estate advertising site, however, provides some answers in a ”white paper” that could make more noise than the celebration of the 10 years of his company . According to his calculations, a house in the Grand Duchy will cost 1.000.000 € on average in 2020. It is worth just under 600,000 € today.
…more on paperjam.lu: http://www.paperjam.lu/article/fr/slumdog-millionaire