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.
Projects
finished (2020)

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
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.
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)
634,700 inh.
1st Jan 2021
Prime yield

Population

2021: 5.7%
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
Population

€ 45 per sq.m./month
(2021)
Prime rent
€ 20,750 / sq.m.
(2021)
Prime sales price
LUXEMBoURG city