{"id":17613,"date":"2025-07-02T16:05:24","date_gmt":"2025-07-02T14:05:24","guid":{"rendered":"https:\/\/www.athome.lu\/blog\/?p=17613"},"modified":"2025-10-01T14:41:16","modified_gmt":"2025-10-01T12:41:16","slug":"what-the-experts-have-to-say-about-the-property-market-in-q2-2025","status":"publish","type":"post","link":"https:\/\/www.athome.lu\/blog\/en\/marche-immobilier\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\/","title":{"rendered":"What the experts have to say about the property market in Q2 2025"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The second quarter of 2025 confirms signs of a gradual recovery in the Luxembourg property market. After the end of 2024 was marked by an influx of transactions linked to temporary tax incentives, the experts agree that activity will pick up again, particularly in the existing property segment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To decipher these developments, we have gathered the views of several specialists in the sector:<strong> Pierre Cl\u00e9ment<\/strong> (Nexvia), <strong>Julien Licheron<\/strong> (LISER\/Observatoire de l'Habitat) and <strong>Mathieu Toussaint<\/strong> (atHomeGroup). Sales volumes, price trends, buyer behaviour... these are just some of the indicators that provide a better understanding of the dynamics at work and enable us to anticipate future trends.<\/p>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>Pierre Cl\u00e9ment<\/strong> - Branch Manager, Nexvia<\/h2>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized has-custom-border\"><a href=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-1024x572.jpg\" alt=\"\" class=\"wp-image-17619\" style=\"border-radius:13px;width:360px;height:auto\" srcset=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-1024x572.jpg 1024w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-300x168.jpg 300w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-768x429.jpg 768w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1-18x10.jpg 18w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/images_experts03-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The large number of transactions in the existing property segment, with prices rising slightly over the year, shows that the market has regained its equilibrium. The decline in volume in the 1st quarter is merely a technical effect, as the market is between 2 tax deadlines. The second quarter will see a new record number of transactions on the existing property market.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"border-style:none;border-width:0px;padding-top:0;padding-bottom:0\">\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Although some tax incentives expire on 30 June (the date of the registered compromise), <em><a href=\"https:\/\/www.nexvia.lu\/fr\">Nexvia <\/a><\/em>believes that the second half of the year will remain very dynamic.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><em>This dynamism in the existing market will be driven by :<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>B\u00ebllegen Akt at \u20ac40,000 per buyer<br><em>but above all by :<\/em><\/li>\n\n\n\n<li>Supply on the new property market is often unsuited to the new price equilibrium. The vast majority of buyers are therefore returning to the existing market. The only pressure we expect to see is on properties priced over \u20ac1.5 million, where the return of registration fees to 7% will have a negative impact.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:42px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Julien Licheron - Economist at Liser \/ Housing Observatory<\/h2>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized has-custom-border\"><a href=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron-1024x572.jpg\" alt=\"\" class=\"wp-image-17634\" style=\"border-radius:13px;width:360px;height:auto\" srcset=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron-1024x572.jpg 1024w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron-300x168.jpg 300w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron-768x429.jpg 768w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron-18x10.jpg 18w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/photo_expert_licheron.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n<\/div>\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The temporary tax measures introduced by the government until 31 December 2024, and then extended until 30 June 2025, have had a marked impact on activity, particularly in the flat and old house markets. The surge was very strong at the end of 2024, with transactions being carried out in advance, which resulted in a sharp fall in activity in the 1st quarter of 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the extension of the tax measures, we are likely to see a further surge in activity in the 2nd quarter of 2025, before a drop in the number of transactions during the summer. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of prices, the trends observed by atHome on the basis of advertisements are consistent with those of the Observatoire de l'Habitat based on notarised deeds: the generalised fall in prices appears to be over. The rise in advertised prices has not, however, materialised in a significant increase in the prices of flats and old houses in notarised deeds for the 1st quarter of 2025.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" style=\"border-style:none;border-width:0px;padding-top:0;padding-bottom:0\">\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>We will therefore probably have to wait until the end of 2025 to better assess whether the upturn in activity observed in 2024 is structural and analyse its impact on prices. <\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">What's more, despite the very attractive tax incentives, the recovery in the VEFA (VEFA ready-to-buy) market remains very slow. The return of buyer confidence (both in the market and in developers) is a fundamental prerequisite for this recovery.<\/p>\n\n\n\n<div style=\"height:42px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Mathieu Toussaint - Member of the Management Committee atHomeGroup <\/h2>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image is-style-rounded\">\n<figure class=\"aligncenter size-full is-resized has-custom-border\"><a href=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/mathieu-1-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"491\" height=\"298\" src=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/mathieu-1-edited.jpg\" alt=\"\" class=\"wp-image-17638\" style=\"border-style:none;border-width:0px;border-radius:13px;width:360px;height:auto\" srcset=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/mathieu-1-edited.jpg 491w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/mathieu-1-edited-300x182.jpg 300w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/mathieu-1-edited-18x12.jpg 18w\" sizes=\"auto, (max-width: 491px) 100vw, 491px\" \/><\/a><\/figure>\n<\/div>\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">How will the Luxembourg property market develop? It's a complex subject, because the property market is influenced by many factors: the geopolitical context, interest rate fluctuations, and so on. To get a clearer picture, we need to rely on objective data. Changes in transaction volumes and sales prices, published quarterly by the Observatoire de l'Habitat, give a clear picture of past trends. But how can we predict the future? To anticipate changes in selling prices, we can analyse recent trends in the prices advertised on atHome.lu. To estimate future trends in the number of transactions, it is interesting to look at the activity of people actively looking for a property. <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"502\" height=\"583\" src=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/Capture-decran-2025-07-02-155056-1.png\" alt=\"\" class=\"wp-image-17649\" style=\"width:316px;height:auto\" srcset=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/Capture-decran-2025-07-02-155056-1.png 502w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/Capture-decran-2025-07-02-155056-1-258x300.png 258w, https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/Capture-decran-2025-07-02-155056-1-10x12.png 10w\" sizes=\"auto, (max-width: 502px) 100vw, 502px\" \/><\/figure>\n<\/div>\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">As can be seen from the graph above, interest in properties for sale on atHome.lu has been growing steadily since the beginning of 2024, and this trend should continue to fuel the recovery of the property market in the coming months.<\/p>\n\n\n\n<div style=\"height:42px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Read our full analysis of the Luxembourg property market in the second quarter of 2025 here. <\/strong>\ud83d\udc47\ud83c\udffb<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-20959078 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background wp-element-button\" href=\"https:\/\/www.athome.lu\/blog\/marche-immobilier\/t3-2025-des-prix-de-vente-plus-mesures-et-un-marche-locatif-globalement-stable\/?utm_source=blog&amp;utm_medium=bouton&amp;utm_campaign=paroles-experts&amp;utm_content=01%2F10%2F2025\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Analysis of Q2 2025<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>Le deuxi\u00e8me trimestre 2025 confirme les signes d\u2019un red\u00e9marrage progressif du march\u00e9 immobilier au Luxembourg. Apr\u00e8s une fin d\u2019ann\u00e9e 2024 marqu\u00e9e par un afflux de transactions li\u00e9es aux incitations fiscales temporaires, les experts s\u2019accordent sur un regain d\u2019activit\u00e9, en particulier sur le segment des biens existants. Pour d\u00e9crypter ces \u00e9volutions, nous avons recueilli les points [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":17658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[217],"tags":[],"class_list":["post-17613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marche-immobilier"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paroles d\u2019experts : ce qu\u2019il faut retenir du march\u00e9 immobilier au T2 2025 - atHome Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.athome.lu\/blog\/en\/real-estate-market\/what-the-experts-have-to-say-about-the-property-market-in-q2-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paroles d\u2019experts : ce qu\u2019il faut retenir du march\u00e9 immobilier au T2 2025 - atHome Blog\" \/>\n<meta property=\"og:description\" content=\"Le deuxi\u00e8me trimestre 2025 confirme les signes d\u2019un red\u00e9marrage progressif du march\u00e9 immobilier au Luxembourg. Apr\u00e8s une fin d\u2019ann\u00e9e 2024 marqu\u00e9e par un afflux de transactions li\u00e9es aux incitations fiscales temporaires, les experts s\u2019accordent sur un regain d\u2019activit\u00e9, en particulier sur le segment des biens existants. Pour d\u00e9crypter ces \u00e9volutions, nous avons recueilli les points [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.athome.lu\/blog\/en\/real-estate-market\/what-the-experts-have-to-say-about-the-property-market-in-q2-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"atHome Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/atHome.lu\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T14:05:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-01T12:41:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.athome.lu\/blog\/wp-content\/uploads\/2025\/07\/Wordpress-dimensions-banniere-3-1024x305.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"305\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"atHome.lu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@athomelu\" \/>\n<meta name=\"twitter:site\" content=\"@athomelu\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"atHome.lu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/marche-immobilier\\\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/marche-immobilier\\\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\\\/\"},\"author\":{\"name\":\"atHome.lu\",\"@id\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/#\\\/schema\\\/person\\\/6b0cae19a94059156faf7f0ce969b4a0\"},\"headline\":\"Paroles d\u2019experts : ce qu\u2019il faut retenir du march\u00e9 immobilier au T2 2025\",\"datePublished\":\"2025-07-02T14:05:24+00:00\",\"dateModified\":\"2025-10-01T12:41:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/marche-immobilier\\\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\\\/\"},\"wordCount\":780,\"image\":{\"@id\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/marche-immobilier\\\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Wordpress-dimensions-banniere-3-scaled.png\",\"articleSection\":[\"March\u00e9 immobilier\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/marche-immobilier\\\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\\\/\",\"url\":\"https:\\\/\\\/www.athome.lu\\\/blog\\\/marche-immobilier\\\/paroles-dexperts-ce-quil-faut-retenir-du-marche-immobilier-au-t2-2025\\\/\",\"name\":\"Paroles d\u2019experts : ce qu\u2019il faut retenir du march\u00e9 immobilier au T2 2025 - 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