Luxembourg Real Estate Tenders

High-priced market: Luxembourg boasts the highest property prices in Europe, with apartments averaging €9,465 per sqm and houses at €7,000 per sqm.
Recent cooling: After years of rapid growth, the market is experiencing a slight cooling, with prices stabilizing and transaction volumes decreasing.
Investment destination: Despite the slowdown, Luxembourg remains a prime investment destination due to its strong economy, stable political environment, and high quality of life.

Significant spending: The Luxembourg government spends heavily on real estate procurement, with annual figures exceeding €1 billion.
Wide range of projects: Procurement includes offices, schools, hospitals, prisons, and other public buildings.
Emphasis on sustainability: Government projects increasingly focus on sustainability, incorporating energy efficiency and renewable energy technologies.

Main Real Estate Products and Services Procured
Construction: Construction of new buildings is the largest category of government procurement, accounting for over 70% of spending.
Maintenance and renovation: The government also invests heavily in the maintenance and renovation of existing real estate assets.
Real estate services: This includes leasing, property management, and other professional services.

Top Authorities for Luxembourg Real Estate Procurement
Administration des Bâtiments Publics (ABP): Responsible for managing the government's real estate portfolio and overseeing procurement projects.
Fonds du Logement: Provides government-backed loans and other financial assistance for housing initiatives.
Ministère du Logement: Sets national housing policy and oversees affordability programs.

Top Winners of Luxembourg Real Estate Procurement
Local construction companies: Luxembourg construction firms like Lux TP, Claude Englebert, and BAM Group frequently win government contracts.
International companies: Major international companies like Vinci, Bouygues, and Bilfinger Berger also participate in Luxembourg's procurement market.
Joint ventures: Collaborative bids between local and international firms are increasingly common, combining expertise and resources for complex projects.

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