Luxembourg's housing market weakens
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After almost three years of house price rises, Luxembourg’s housing market has weakened. In 2012, the average selling price of houses fell by 1.63% from a year earlier, after rising by 2.27% in 2011, 5.46% in 2010, and 3.03% in 2009, according to the Ministere du Logement. When adjusted for inflation, house prices actually dropped by 4.1%.
On a quarterly basis, house sales prices rose by 0.86% (0.06% inflation-adjusted) during the fourth quarter of 2012.
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