At 6:30 p.m. on 5 October, potential homebuyers met at BIL’s headquarters for BIL Immo Days. Organised a few days before the annual Home and Living Expo, BIL’s event on the topic of housing and real estate investment allowed the public to attend two conferences, and clients and prospects to meet property developers who came to present their projects.

With the Luxembourg housing market undergoing rapid change, BIL previewed the first index created to reflect the state of this market: “BIL IMMO index”. Developed in collaboration with PwC Luxembourg, this index offers a summary of the Luxembourg housing market, based on changes in seven weighted ratios allowing the establishment of a trend.

Marcel Leyers, Chief of Corporate and Institutional Banking at BIL: “The BIL IMMO index allows retail, professional and institutional investors to immediately understand the housing market trend on the basis of economic ratios and accurate methodological analyses. BIL aims to make this index a benchmark for the national housing market, adding to its already extensive range of property financing solutions. Its development shows BIL’s determination, to further its commitment to supporting the local economy”.

Available on www.bil.com and updated every six months, the “BIL IMMO index” offers a historical view of the last 35 years for the real estate market in Luxembourg, giving an indication of the situation in the country’s six main regions.