Luxembourg: Property rights index

A subcomponent of the Index of Economic Freedom, the property rights index measures the degree to which a countrys laws protect private property rights, and the degree to which its government enforces those laws.

Higher scores are more desirable, i.e. property rights are better protected. Scores are from 0 to 100.

The index also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts.

The Global Property Guide considers protection of property rights as a significant factor affecting the desirability of a residential real estate investment.

Source: 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.