In conjunction with the second BIL Immo Days series on conferences on 5 and 7 October 2015, Banque Internationale à Luxembourg (BIL) today unveiled a new Luxembourg housing market index developed with the assistance of PwC Luxembourg.
On Monday, potential homebuyers assembled at BIL headquarters for BIL Immo Days, in order to attend two conferences on housing and real estate investment. The event was also an opportunity for clients and prospects to meet property developers who came to present their projects.
This BIL IMMO index was created alongside PwC Luxembourg as a means of reflecting the state of rapid change characterising the Luxembourg housing market and offering a summary thereof, based on changes in seven weighted ratios allowing the establishment of a trend.
"The BIL IMMO index allows retail, professional and institutional investors to immediately understand the housing market trend on the basis of economic ratios and accurate methodological analyses," explained Marcel Leyers, Chief of Corporate and Institutional Banking at BIL. "BIL aims to make this index a benchmark for the national housing market, adding to its already extensive range of property financing solutions. Its development shows BIL's determination, to further its commitment to supporting the local economy."
The BIL IMMO index is available on www.bil.com and will be updated every six months, to offer a historical view of the last 35 years for the real estate market in Luxembourg and give an indication of the situation in the country's six main regions.
Photo by BIL (Marcel Leyers, Chief of Corporate and Institutional Banking at BIL)
