Luxembourg with AAA score despite growing real estate prices
September 29, 2017
If you're still hesitating about investing in the Grand Duchy, this score should help you make up your mind
Indeed, the Canadian agency DBRS renewed its highest score for Luxembourg with a stable trend.
Luxembourg's financial stability is the main element influencing this rating. The Grand Duchy is indeed one of the least public-indebted countries in Europe.
Also, the United Kingdom's exit from Europe may have had a positive effect on the country's finances. There's been growing interest by companies across the Channel in outsourcing or moving to Luxembourg since the Brexit vote.
In terms of real estate, the development of the market is still a risk factor in Luxembourg's economic stability. DBRS has seen growth in home prices in the Grand Duchy since 2010. Yet according to the agency, the growth of household debt is still reasonable, which proves that Luxembourg is controlling the risk, and which has allowed the country to keep its AAA score.
These are great reasons to invest in the Grand Duchy, whether in private or business property!
Search for your property with IMMOTOP.LU: