Astra Development

is a real estate development company operating in Grand Duchy and specializing in transformation of residential buildings and new development.

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The company's focus is on high quality standards, the use of modern architectural and engineering solutions, as well as on professional project management.

We build our expertise on essential values such as: trust, integrity, transparency and excellence.

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About us

Projects

finished (2020)

Completely transformed single family house with extension at the back and +1 new floor. New HVAC & MEP. New energy class.

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01

aube 1

02

aube 2

finished (2023)

This project, located on a quiet street in Luxembourg-Dommeldange, foresees full transformation of a single family house into a residence. High quality finishes. Duplex apartment has a private garden and a garage

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03

RECKENTHAL

Q4 2026

The residence at rue Reckenthal in Strassen with +/- 2000 m2 of GBA on a land of 36 ares will combine in itself the use of modern architeture, mixed facades, functional layouts of residential units, private gardens and spacious parkings.

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Market overview

Luxembourg's housing sector is experiencing a sharp cool down due to high interests rates, with the number of units being built and sold tumbling, while renting is becoming more popular and more expensive.

2021: 6.0%
Forecast 2022: 2.3%
Forecast 2023: 3.7%

Unemployment

GDP Growth

2021: 5.7%
Forecast 2022: 4.7%

Population

Prime yield

634,700 inh.
1st Jan 2021

2,60%
(city)

LUXEMBoURG city

Prime sales price

€ 20,750 / sq.m.
(2021)

Prime rent

€ 45 per sq.m./month
(2021)

Population

SUMMARY DASHBOARD

128,514
31 Dec 2021

Source: JLL Luxembourg

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