Q2 2023 : prix +2,2%; nombre de transactions -63,2% [ read more ]
Luxembourg City to help developers by buying freehold housing [ read more ]
Government pours EUR270 m into housing projects [ read more ]
Affordable housing and rent subsidies [ read more ]
Mortgage rates in Luxembourg surpass neighbours, euro area average [ read more ]
Housing loans down in Q1 2023 [ read more ]
Prix de l'immobilier au Luxembourg au 2ème trimestre 2023 [ read more ]
10 Coworking Spaces in Luxembourg [ read more ]
The UNI is working on a strategy for student accommodation. [ read more ]
Energy renovation : what state aid is available? [ read more ]
Astra Development
is a real estate development company operating in Grand Duchy and specializing in transformation of residential buildings and new development.
About us
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.
We build our expertise on essential values such as: trust, integrity, transparency and excellence.
Projects
finished (2020)
Completely transformed single family house with extension at the back and +1 new floor. New HVAC & MEP. New energy class.
Completely transformed single family house with extension at the back and +1 new floor. New HVAC & MEP. New energy class.
01
aube 1
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
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
02
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.
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.
03
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.
SUMMARY DASHBOARD
2,60%
(city)
(city)
634,700 inh.
1st Jan 2021
1st Jan 2021
Prime yield
Population
2021: 5.7%
Forecast 2022: 4.7%
Forecast 2022: 4.7%
GDP Growth
Unemployment
2021: 6.0%
Forecast 2022: 2.3%
Forecast 2023: 3.7%
Source: JLL Luxembourg
128,514
31 Dec 2021
31 Dec 2021
Population
€ 45 per sq.m./month
(2021)
(2021)
Prime rent
€ 20,750 / sq.m.
(2021)
(2021)
Prime sales price
LUXEMBoURG city