Real Estate Prices Continue to Rise in Slovenia (Feature)

By , 13 Aug 2018, 13:53 PM Business
Model of a Slovenian home Model of a Slovenian home Wikimedia: Maksym Kozlenko CC-by-SA 4.0

Share this:

STA, 13 August 2018 - The Slovenian real estate market keeps booming after another record-breaking year in terms of transactions and prices in 2017. As a result, the construction of new apartments is in full swing around the country. The central bank sees no signs of risks to financial stability as yet. 

According to the latest report by the Mapping and Surveying Authority (GURS), the number of transactions involving real estate was record high last year at 36,000, which is 5% more than in 2016 and 16% more than in 2015.

The value of the transactions matched the 2007 record of some EUR 2.3bn, which is 31% more than in 2015 and 2.5% more than in 2016.

The most dynamic segment of the real estate market is the housing market. The number of deals involving apartments was up by almost a quarter and houses by 39% in the 2015-2017 period.

The biggest rise in the number of apartment sales between 2015 and 2017 was recorded in Novo Mesto, Krško and Brežice (around 40%), followed by Ljubljana's surrounding towns and Celje with a 35% growth, and Ljubljana and Maribor with some 20% growth.

The fewest sales contracts were signed in the coastal region and in Murska Sobota in the north-east.

Meanwhile, the most notable rise in the sales of houses was recorded in Ljubljana (35%), the coastal region without Koper (25%), Maribor (18%) and Ljubljana (15%).

The average price of a second-hand apartment stood at EUR 1,610 per square metre, which is 11% more than in 2015 and 6% more than in 2016. But it was still 12% lower compared to 2008, when prices peaked.

The costliest were apartments in the capital (at EUR 2,410 per square metre), followed by the coast without Koper (EUR 2,320) and Koper (EUR 2,110). The most affordable housing was available in Krško and Brežice (EUR 970) and Murska Sobota (EUR 940).

The prices of apartments went up the most in Ljubljana (by 18%), Koper (17%) and the Ljubljana surrounding areas (12%).

Between 2015 and 2017, the average prices of houses went up by some 9% to EUR 117,000 per square metre in Slovenia. In Ljubljana, house prices jumped by 19%, in Maribor by 18% and in the Ljubljana surrounding towns, the most dynamic area, by 9%.

Houses were the most expensive at the coast but the number of transactions there is far below that in the central Slovenia, where the prices were not much lower. Houses too were the most accessible in Krško and Brežice.

Based on data from the Statistics Office, the central bank said in its June report that the Slovenian real estate market was the third most dynamic in the Eurozone last year, behind only Ireland and Portugal.

The prices of real estate in Slovenia grew twice as fast as in Eurozone countries last year

Photo galleries and videos

This websie uses cookies. By continuing to browse the site you are agreeing to our use of cookies.