Residential Property Prices for Luxembourg
QLUN628BIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204.89
Year-over-Year Change
-8.52%
Date Range
1/1/2007 - 10/1/2024
Summary
The Residential Property Prices for Luxembourg index tracks changes in house and apartment prices in the country. This metric is closely monitored by economists and policymakers to assess the health of the housing market and broader economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Residential Property Prices for Luxembourg index is a key indicator used to analyze trends in real estate values and affordability. It is referenced by government agencies, financial institutions, and housing market analysts to inform policy decisions and investment strategies.
Methodology
This index is calculated by the Bank for International Settlements using data collected from official Luxembourg real estate sources.
Historical Context
Residential property prices are a leading economic indicator, as fluctuations can impact consumer spending, construction activity, and financial stability.
Key Facts
- Luxembourg has one of the highest homeownership rates in Europe.
- Property prices in Luxembourg City are among the highest in the Eurozone.
- Residential real estate is a key component of household wealth in Luxembourg.
FAQs
Q: What does this economic trend measure?
A: The Residential Property Prices for Luxembourg index tracks changes in the prices of houses and apartments across the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and investors to assess the health of the Luxembourg housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The index is calculated by the Bank for International Settlements using data collected from official Luxembourg real estate sources.
Q: How is this trend used in economic policy?
A: Residential property prices are a leading economic indicator, as fluctuations can impact consumer spending, construction activity, and financial stability, informing policy decisions.
Q: Are there update delays or limitations?
A: The Residential Property Prices for Luxembourg index is updated quarterly, with a potential delay of several months before the latest data becomes available.
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Citation
U.S. Federal Reserve, Residential Property Prices for Luxembourg (QLUN628BIS), retrieved from FRED.