Astra Development
is a real estate development company operating in Grand Duchy and specializing in residential real estate projects
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NEWS
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.
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projects
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our team
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CORE COMTETENCIES:
  • Real estate and land development of residential projects in Luxembourg
  • Architecture, design and concept management
  • Project and cost management
  • Quantity surveying and monitoring
  • Property management
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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