Luxembourg Home Prices Plunge 14% in Q4, Biggest Drop in Europe Amid High Rates
• Property prices in Luxembourg plunged 14.4% in Q4 2023, the biggest drop across Europe
• Eurozone house prices fell 1.1% in Q4 while EU prices rose slightly by 0.2%
• Eight European countries saw falling home prices in Q4, with Germany down 7.1% and Finland dropping 4.4%
• Poland saw the highest property price growth at 13%, followed by Bulgaria (10.1%) and Croatia (9.5%)
• High interest rates and waning rental investor appetite contributed to Luxembourg's property price dive