Slovenia: housing gradually becomes more expensive

Slovenia: housing gradually becomes more expensive

The cost of housing in Slovenia grew by 0.7% in the first quarter of 2013 compared to the fourth quarter of 2012. Different property types showed different changes in prices. Apartments rose by 3.8%, while the houses became cheaper again (-7.3%), reports Balkans.com.

Prices for new apartments in the first quarter of 2013 increased by 7.5%. Growth was expected, but his pace caused surprise among experts. Sales of new apartments in the first quarter of 2013 were at a low level (155). Apartments in the new house of 60 sq.m. cost about €100,000.

Secondary housing market continues to slump. The cost of apartments and houses in the first quarter of 2013 decreased by 0.7%. The cost of homes declined for three quarters in a row. The fall was 4.8%, the lowest value since 2006. For example, an apartment of 30 sq.m. costs €60,000 - €80,000. A house of 60 sq.m. costs about €60,000 - €70,000.

Apartments on the secondary market in the capital of Slovenia - Ljubljana - became cheaper during the last three quarters. Last price reduction was 3.5%. The total number of transactions in the secondary market decreased compared to 2012 figures. Apartment of 50 sq.m. In Ljubljana costs €130,000.