At a conference devoted to housing held on Thursday, Banque Internationale à Luxembourg SA presented the new edition of its Luxembourg housing market index, which in the last quarter of 2015 stood at +0.93.

Compared with +1.72 at the end of 2014, Q4 2015's housing market index is therefore closer to equilibrium in a market that remains buoyant.

The results were unveiled before an audience of 200 real estate professionals at BIL's head office, with the company's Head of Real Estate, Georges Mines, pointing to the index as the first to consolidate housing sector information in a market indicator when it was launched in October 2015 during BIL Immo Days.

Developed in cooperation with PricewaterhouseCoopers (PwC) Luxembourg, the BIL IMMO index provides a comprehensive understanding of the housing market trend, based on economic ratios and accurate methodological analyses, to professional, institutional and retail investors. The scale ranges from -3 (frozen) to +3 (overheated), with the index drawn from changes in seven ratios weighted to indicate a trend. The index forms part of BIL's current range of mortgage solutions.

"Our bank has always been anchored in the Luxembourg real estate market," commented Hugues Delcourt, BIL CEO. "Its role goes beyond simply providing various types of financing. Therefore we have developed a specific housing market index which helps our clients to understand the situation of the housing market at the level of the country's six main regions."

The index is available at www.bil.com and is update every six months. It provides a historical view of the last 35 years of the housing market in Luxembourg, giving an indication of trends based on indicators related to the fundamentals of the business sector and the national economy.