The Slovenian real estate market saw no major change in 2011

The Slovenian real estate market saw no major change in 2011

The Slovenian real-estate market saw no major change in 2011 compared to the year before, according to a report published by the Surveying and Mapping Authority (GURS). In real terms, housing prices and the number of transactions were down 3%. The prices have not fallen considerably although GURS agrees with the European Commission that housing prices in Slovenia remain too high with respect to purchasing power.

In real terms, prices of existing flats decreased by 3,3%, prices of houses by 3%, of offices by 1,7%, of shops by 0,4% and of building plots by 4,5%, the latter mostly due to the deepening of the crisis in the construction sector. The average price for an existing flat country-wide was 1 730 euro per sq.m., which is 2% less than in 2010.

 

Source: http://www.balkans.com/open-news.php?uniquenumber=140635