Economy

Politics & Institutions
Data from the German federal statistics office issued on 25 May 2023 indicates that the German economy has formally entered a technical recession. Photo: Shutterstock
EUROPE

German economy enters technical recession

Data unveiled on Thursday reveals that the German economy contracted in the first quarter of 2023, following a contraction observed in the fourth quarter of 2022, consequently resulting in a technical recession.

Kangkan Halder • 25.05.2023
IMF experts concluded their annual consultations under Article IV of the IMF Charter in Luxembourg. Photo: Shutterstock
ECONOMY

1.1% growth for Luxembourg in 2023

Marc Fassone • 25.05.2023
The IMF has examined Luxembourg’s indexation system, which it considers outdated due to the multiplicity of crises that have occurred since 2006. Photo: Shutterstock
INSTITUTIONS

The IMF’s three proposals for reforming indexation

Marc Fassone • 25.05.2023
Big manoeuvres are also developing on the front of the reconstruction of Ukraine. Some experts estimate the cost to be at least €400bn euros. Photo: Shutterstock
ECONOMY

Mariupol mayor to visit Luxembourg for business summit

Marc Fassone • 24.05.2023
Steve Albecht at Luxdata, a data analytics platform in Luxembourg, said the market for purchasing a flat varies significantly between communes. Photo: Matic Zorman / Maison Moderne
ECONOMY

Luxembourg flat and sales volumes, by municipality

Aaron Grunwald • 17.05.2023
Luxdata has a tool that can help homebuyers in Luxembourg estimate what exactly they can afford. Photo: Cedric Letsch/Unsplash
ECONOMY

Luxembourg real estate calculator and mortgage simulator

Aaron Grunwald • 16.05.2023
Apartments in Belair (€14,901) and Limpertsberg (€14,886) were the priciest per square metre in 2022, while the Grund (€10,925) and Hamm (€10,639) were the least expensive areas. Flats in Hollerich (pictured) experienced the highest growth in asking prices per square metre between 2021 and 2022 (+21.4%), while Weimerskirch had the biggest decrease (-19.4%). Library picture: Nader Ghavami
ECONOMY

Interested in buying in Luxembourg City? Find flat prices and availability by district

Aaron Grunwald • 15.05.2023
The rate at which the outstanding amount of housing loans has grown recorded its lowest point in March 2023. Archive photo: Maison Moderne
BANKS

Annualised outstanding mortgage levels lowest in last two decades

Kangkan Halder • 15.05.2023
Steve Albrecht at Luxdata, a data analytics platform in Luxembourg, said that certain municipalities in the grand duchy--such as Steinsel, Mersh and Frisange--have a higher ratio of available housing units relative to their population. Photo: Matic Zorman / Maison Moderne
ECONOMY

Hard to find accommodation in Luxembourg? Not everywhere, according to Luxdata’s analysis

Aaron Grunwald • 14.05.2023
Figures compiled by Luxdata show that Limpertsberg (pictured) and Belair are the priciest districts for apartment-buyers in Luxembourg City, while Bonnevoie and Gasperich are priciest for flat-renters. Hamm, Muhlenbach and Cents are among the relatively more affordable neighbourhoods for both. Photo: Shutterstock
ECONOMY

Luxembourg City real estate: buying vs renting apartments

Aaron Grunwald • 13.05.2023
Luxdata, a data analytics platform in Luxembourg, has partnered with Delano and Paperjam to produce a series of data dashboards on the grand duchy’s housing market ahead of this year’s elections. Library picture: Matic Zorman/Maison Moderne
ECONOMY

What is the price difference between previously built and future construction apartments?

Aaron Grunwald • 12.05.2023
With local elections due in June and national elections in October, housing indicators are blinking red. Library photo: Matic Zorman/Maison Moderne
ECONOMY

Upper and lower ranges of apartment prices in Luxembourg

Aaron Grunwald • 11.05.2023
On Thursday, the European Central Bank is set to announce its key interest rates for the eurozone banks, with a particular focus on inflation as a key factor influencing these decisions. Photo: Shutterstock
ECONOMY

Persistent inflation points towards ECB 0.5% hike

Kangkan Halder • 03.05.2023
Eurozone banks have decreased their risk tolerance, partly due to the high risk perception resulting from the increasing key banking rates and the tightening of their balance sheets, which suggests dampening economic conditions. Photo: Shutterstock
BANKS

Banks tighten lending standards, loans drop

Kangkan Halder • 02.05.2023
Luxembourg households’ sentiments about their finances and consumption fell in April 2023 compared to March. Archive photo: Matic Zorman / Maison Moderne
ECONOMY

Consumer confidence fell sharply in April 2023

Kangkan Halder • 02.05.2023
France and Spain remain the preferred holiday destinations of Europeans, finds a study: 8.2% say they intend to travel to France, followed by 7.6% who say they would like to travel to Spain. Photos: Shutterstock
TRAVEL

France, Spain still top holiday spots; off-peak summer travel more popular

Lydia Linna • 30.04.2023
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