Luxembourg

Economic Freedom Rating, 5-Yr Change - Luxembourg Compared to Continent

Footnote

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Albania	11.51%
Austria	3.52%
Belarus	12.42%
Belgium	4.94%
Bosnia & H.	32.31%
Bulgaria	10.38%
Croatia	2.49%
Cyprus	-2.75%
Czech Rep.	1.56%
Denmark	8.24%
Estonia	0.05%
Finland	1.54%
France	10.46%
Germany	2.03%
Greece	2.11%
Hungary	6.67%
Iceland	4.10%
Ireland	1.76%
Italy	-2.85%
Latvia	3.56%
Lithuania	1.65%
Luxembourg	-5.93%
Macedonia	1.72%
Malta	8.03%
Moldova	-2.65%
Netherlands	2.94%
Norway	2.60%
Poland	-3.77%
Portugal	-0.99%
Romania	21.55%
Russia	-1.79%
Slovak Rep.	16.54%
Slovenia	4.93%
Spain	1.27%
Sweden	0.53%
Switzerland	0.91%
Turkey	17.08%
UK	2.67%
Ukraine	-0.04%

Luxembourg: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

Luxembourg publishes an apartment price time-series, with square metre prices for new and existing one family houses, apartments and apartment houses, since 1985, based on National Statistical Institute data, and available on-line from the Service Central de la Statistique et des Etudes Economiques du Luxembourg (Statec). General economic statistics can be got from the Banque Centrale du Luxembourg, and from Statec.