Astra Development
is a real estate development company operating in Grand Duchy and specializing in transformation of residential buildings and new development.
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.
We build our expertise on essential values such as: trust, integrity, transparency and excellence.
projects
our team
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.
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