According to Global Property Guide data, Slovenian property market is stabilizing. According to the SORS (Statistical Office), the price of the Slovenian real estate rose by 4% over the last year, and this is the strongest growth since the beginning of the global financial crisis.
SORS experts said that the annual price growth was 2,34%. Real estate in the capital of Slovenia – Ljubljana increased by 4,12%. The cost of housing in other parts of the country year-on-year fell down slightly. The largest price increase was in the apartment segment in the primary market, while the cost of private homes in the secondary market fell.
Nevertheless, the data of the largest Slovenian real estate portal SLONEP does not coincide with the data of official statistics. SPONEP Experts noted that prices for apartments in Ljubljana dropped by 3,06%, and the rising cost of housing was recorded only in the segment of apartments with four bedrooms or more, and the entire housing cheaper.
Specialist of Elite Property Slovenia real estate agency – Eva Yakopin reported that the number of transactions fell by 18% last year. Yakopin believes that Slovenian consumers expect a further fall in property prices.
Because of the effects of mortgage crisis Slovenian real estate prices declined significantly in recent years. Current economic indicators and low demand for housing by the citizens of the country do not leave the hope for quick recovery of the market.