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Luxembourg
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Luxembourg Times
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Four major banks - Spuerkeess, BIL, Banque Raiffeisen, and SNCI - have teamed up to launch a €250 million scheme aimed at boosting the sector.

This initiative will purchase properties that developers can't market, potentially bringing up to 1,300 additional flats to the market.

Despite falling property prices, market activity has slowed, with a 42% drop in home sales in 2023.

#Luxembourg #RealEstate #HousingCrisis

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