The public sector developer has been building homes in Luxembourg for the past 45 years.
The Housing Fund (Fonds de Logement) put 106 properties on the market last year, according to their latest activity report published on Thursday afternoon. This represents a slight increase on 2023, when the Fund completed 85 homes.
Net turnover has continued to decline from around €28 million to just under €20 million, thought to be attributed to the fact that significantly fewer affordable apartments were sold last year.
Since the Housing Fund was founded 45 years ago, the state-owned developer has built 2,334 rental flats, and 1,745 apartments to sell. The aim is to bring around 5,000 new flats to the market over the next two decades to counter the housing shortage.
