Is a residential property bubble building in Luxembourg?
The price of an average house in Luxembourg has now risen well above €1m, making the Grand Duchy Europe’s second-most expensive housing market after Monaco. The regulators have just announced plans to impose tough minimum deposit requirements on new housing loans. Are these signs of speculative exuberance and is there a risk to the banking sector? Should investors be worried?
US asset managers win Morningstar’s best fund house awards
T. Rowe Price has won the Morningstar Luxembourg Fund Award for best fund house, the data provider announced on Thursday during a ceremony at the Centre Culturel ‘Schéiss’ in Luxembourg. T. Rowe Price also won the award for best fixed income fund house. Neuberger Berman, another US asset manager, received the honours for best equity fund house.