Follow-up report on countries that received ESRB warnings in 2016 on medium- term vulnerabilities in the residential real estate sector September 2019

I have the pleasure to send you below a section of the report from the ”European Systemic Risk Board” confirming an overheating of the property market in Luxembourg.

Today i’m not trying to explain the main reasons for the overheating of the market,  also I will just mention one example among  other things, as an increase of the credit rates followed by some departures of some big companies (just an example). The increase in the interest rates is just a question of time, and yes the banks in Luxembourg are extremely exposed on the real estate market in Luxembourg.

With my best regards,

YOUS BUSINESS AND CONSULTING

Luc Schuller | General Partner

76/78 Grand-Rue L-1660 Luxembourg

contact@yousconsulting.com

 

2.5 Luxembourg
The key vulnerabilities identified in 2016 were related to high and increasing household indebtedness and to strong growth in house prices. Household debt for house purchases was increasing rapidly and there were some concerns with regard to the tail distributions of lending standards. Household indebtedness was very high relative to income compared with other European countries. House prices were increasing very strongly, reaching unprecedented levels and surpassing income growth.
Household indebtedness has continued to increase rapidly, supported by mortgage lending, with some concerns regarding lending standards. Household debt stood at 171% of disposable income in Q4 2017 and it was up by 12 percentage points compared to three years before. Lending for house purchases continued to grow strongly, by between 6% and 7% annually between 2016 and 2018 (adjusted for sales and securitisations). The most recent data, based on new reporting for 2018, imply that pockets of vulnerabilities related to lending standards may exist.
House prices have continued to grow, but at a slower pace (with dynamics at around 3% in 2018, compared with 6% in 2016), amid existing concerns about overvaluation. However, the long period of RRE price increases is indicative of a build-up of overvaluation. Beyond the low level of interest rates, demand and supply factors such as high net migration and land availability constraints have continued to put pressure on house prices.

📌 CONFIEZ-NOUS LA VENTE OU LA LOCATION DE VOTRE MAISON/APPARTEMENT.

CONFIEZ-NOUS LA VENTE OU LA LOCATION DE VOTRE MAISON/APPARTEMENT.

 

NOUS NOUS ENGAGONS A EN PRENDRE SOIN EN VOUS PROPOSANT UN VERITABLE ACCOMPAGNEMENT PERSONNALISE, EN VOUS APPORTONS NOS CONSEILS, NOTRE PROFESSIONALISME ET EN METTANT A VOTRE SERVICE, NOS COMPETENCES ACQUISES DEPUIS PLUS QUE 10 ANS DANS CE METIER PASSIONANT.

 

hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.
76/78 Grand-Rue L-1660 Luxembourg
☎️ +352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

Add us to your address book

Copyright © 2018 Yous Real Estate Group, All rights reserved. –
contact@yous.lu

IMG_20171214_131835_1925819651.jpg

**TO LET IN LUXEMBOURG-PAFENDALL**

Flyer LU3451 Pfafenthal

https://yous.lu/fr/for-rent/vsc-lu003451-magnifique-appartement-2-chambres

DIR WËLLT ÄERT HAUS/APPARTEMENT/STUDIO VERKAFEN ODER VERLOUNEN ? BEI EIS KRITT DIR DÉI BESCHTE BERODUNG YOUS REAL ESTATE BUSINESS & CONSULTING TEL. 691 22 57 57 oder hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A. Commercial and Residential Real Estate in LUXEMBOURG Contactez-nous.

DIR WËLLT ÄERT HAUS/APPARTEMENT/STUDIO VERKAFEN ODER VERLOUNEN ? BEI EIS KRITT DIR DÉI BESCHTE BERODUNG YOUS REAL ESTATE BUSINESS & CONSULTING TEL. 691 22 57 57 oder hello@yous.lu

Slide1

YES, IT IS POSSIBLE TO BUY A HOUSE WITH BITCOINS

While the popularity of Bitcoin continues to grow, some industries, such as real estate, are capitalizing on this emerging trend. As a result, more and more of them are taking over Bitcoin transactions.

And some real estate sites are now dedicated to this method of payment, as it will be soon for YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.,Commercial and Residential Real Estate Group.

Also many real estate transactions have already been settled in Bitcoin currency.

In New York City, we have already seen sales of homes and apartments exchanging Bitcoins, and it’s only a matter of time before we can also afford commercial spaces with virtual currency.

Volatility that can lead to a few surprises

Despite the uncertainties surrounding the Bitcoin market, some of the tech savvy investors and real estate agents seem, for the moment, ready to take risks related to a change in the price of cryptocurrency.

We invite you to follow us in our efforts to create this new market in Luxembourg.

 hello@yous.lu

YOUS REAL ESTATE AND BUSINESS CONSULTING GROUP S.A.

Commercial and Residential Real Estate Group

You can find further information on our website www.yous.eu or under our blog https://yousrealestatenews.com

Bitcoin.jpg

Contactez-nous !

76/78 Grand-Rue L-1660 Luxembourg
+352 691 22 57 57 OU 27 47 81 41
Facebook | Twitter | http://www.yous.eu

Add us to your address book

Copyright © 2018 Yous Real Estate Group,
All rights reserved. –
contact@yous.lu