Property prices are rising during the epidemic in Slovenia

According to newspaper Delo prices for residential properties keep increasing in Slovenia and Europe, against the expectation and despite the crisis. Delo called if the “immunity of the safe property market” in it’s Thursday front-page commentary.

Photo: Pixabay/Schluesseldienst

Furthermore, despire the 7.9% contraction in the country’s GDP in the first half of the year and the economic crisis, demand for residential properties remains strong, while demand for hotel, hospitality, and office properties is decreasing.

According to Delo most on the demand side for property are families who spent the lockdown in small homes and individuals and businesses with capital looking to invest in safe opportunities. An additional stimulus is negative interest rate that may drop further in the future.