Kathia Robert, Director Residential, CBRE ( Photo : CBRE )

Kathia Robert, Director Residential, CBRE ( Photo : CBRE )

On 1 January 2019, the country counted 613,894 inhabitants, an increase of 33% since 2005. In 2050, the population could reach a whopping 1,000,000 inhabitants. 

The capital remains the preferred location of large international companies settling in there at a steady pace. This creates negative side effects such as mobility problems, rising housing prices, environmental issues, and sociocultural challenges. 

But Luxembourg real estate market is extremely resilient. Driven by need, it is adapting at a very fast pace. The state of Luxembourg is highly involved and is the first European government that has been preparing its transition to the “third industrial revolution”, based on six vertical pillars dealing with the sectorial topics of energy, mobility, building, food, industry and finance. For the residential sector, this will translate into the transformation and rehabilitation of existing housing stock and older buildings into connected, smart, and sustainable dwellings. It will also mean the projection of new housing cooperative and alternative housing developments adapting to the country inhabitants needs while promoting social and generational diversity, as well as soft mobility.