In 2012, the pace of housing construction in Slovenia slowed. The number of real estate transactions is reduced and few mortgage loans are issued. Experts predict a further decline in property prices, according ee24.com citing FriedlNews.
Total volume of the Slovenian real estate market, defined as the number of new housing, amounted to only 12.9% in 2012. The situation with low sales of new properties is aggravated by bankruptcy of construction companies and unreasonably inflated prices. On the secondary market the price level declined by 7.5%.
Note that in the first quarter of 2013 the decline in real estate prices in Slovenia amounted to 4,3% year-on-year. At the same time, in June 2013 in Slovenia there was a record for the European Union increase in the unemployment rate (from 8.8% to 11.2%).