Slovenia house prices keep rising

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Residential property prices in Slovenia in the first quarter of 2021 were on average 3.1% higher than in the last quarter of 2020, and 7.3% higher compared to the same period in 2020, according data released by the country’s Statistic Office on Thursday (June 24).

The number of transactions of residential real estate was similar to the 2014 average, while the number of transactions of existing family houses was lower than the long-term average.

The total value of residential property sold stood at EUR 297 million, which is EUR 33 million less than in the fourth quarter of 2020, when the total value of housing transactions was EUR 330 million, and about the same as in the first quarter of 2020 (EUR 289 million).

Prices of newly built dwellings (new flats and family houses together) were on average 7.5% higher in the first quarter of the year, over the previous quarter.

That means that prices for new flats and family houses have gone up for the second quarter in a row, this time up by 7% and 8.6% respectively.

Prices of  second-hand residential property were on average 2.9% higher than in the previous quarter
with prices of second-hand flats up by 3.8% and prices of existing family houses up by 1.4%.

The prices of second-hand flats increased the most in Maribor, the second largest city of Slovenia, (4.6%), followed by the capital Ljubljana (3.7%), while the average increase in the rest of the country was 3.6%.

Slovenia Real Estate
(Source: Republic of Slovenia Statistical Office)

At an annual level, the prices of newly built flats increased the most (by 13.1%), followed by the prices of newly built family houses (by 9.2%), existing flats (by 7.5%) and existing family houses (by 6.0%).

The total number of transactions of residential properties in Slovenia in the first quarter of 2021 was 2,538, which is about 18% fewer than in the 4th quarter of 2020 (3,082).

The total number of transactions of second-hand flats in the 1st quarter of 2021 was lower than in the 4th quarter of 2020 (2,416). The value of housing transactions was EUR 271 million.

In the first quarter of 2021, 122 newly built residential properties were sold, which is fewer than in the 4th quarter of 2020 (132 sales), but 37% more than the 2020 average. Despite the fact that in the first quarter of 2021, compared to the previous quarter, the number of transactions of newly built residential
properties was lower, on account of higher sales prices of newly built dwellings in this quarter the value of housing transactions was 14% higher and amounted to EUR 26 million.