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Quarterly Rank: 16
Quarterly Price Change: -0.1%

Annual Rank: 5
Annual Price Change: 0.8%

Luxembourg's housing market was less badly hurt during the financial crisis than those of its European neighbors. Because so many foreign companies base their corporate headquarters in the country, there is a consistently high demand for housing from well-paid international and domestic workers. Coupled with Luxembourg's tight housing supply, real estate prices only decreased slightly this quarter.