Residential property prices continue to rise in Slovenia

STA, June 24, 2021 – Residential property prices in the first quarter were on average 3.1% higher than in the previous quarter and 7.3% higher compared to the same period in 2020. The total value of Residential properties sold amounted to 297 million euros, down 33 million euros from the fourth quarter of last year and about the same as in the first quarter of 2020.

The prices of new residential real estate (new houses and apartments combined) increased on average by 7.5% in the first quarter compared to the previous quarter.

This means that the prices of new homes and apartments rose for the second consecutive quarter, this time by 8.6% and 7% respectively, the Statistics Office said on Thursday.

Prices of second-hand residential real estate in Slovenia (second-hand houses and apartments combined) increased by 2.9% on average over a quarter.

Prices for used homes rose 1.4%, while used apartments were 3.8% more expensive. Prices for second-hand apartments increased the most in Maribor (4.6%) and Ljubljana (3.7%), while the average increase in the rest of Slovenia was 3.6%.

On an annual basis, the prices of new apartments saw the strongest increase (+ 13.1%), followed by new houses (+ 9.2%), second-hand apartments (+ 7.5%) and houses second-hand (+ 6%).

The total value of all residential properties sold in Slovenia in the first quarter of 2021 was 297 million euros, compared to 330 million euros in the fourth quarter of last year and 289 million euros in the first quarter of the year. last.

The total number of residential property sales declined for the second consecutive quarter as 2,538 were sold in the first quarter, down about 18% from the fourth quarter of last year.

Fewer used residential properties were sold, 2,416 for a total value of 271 million euros, and there were also fewer sales of new residential properties.

Despite the decline in the total number of new residential property sales transactions, transaction volumes were up 14% quarter-on-quarter, driven by higher selling prices for new residential properties.

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