On Thursday, 20 June 2019, the Statistic Service of Slovenia published updated data on the real estate market situation for 2018 and the first quarter of 2019.
Photo: Shutterstock/Aritra Ded
According to published information, in the first quarter of 2019, as compared to the fourth quarter of 2018, residential property prices increased by 0.8% and, as compared to the first quarter of 2018 – by 8.4%.
Prices for apartments on the secondary market went up by 1.3% and 8.9%, respectively (except for Ljubljana, where prices fell by 0.5% at the quarter level). Throughout 2018, the country experienced a steady increase in prices for secondary housing (from 0.9% to 3.5% per quarter). Out of the 2,363 transactions concluded in the secondary market, 2,285 fell on the apartments.
The cost of houses on the secondary market decreased by 0.9% at the inter-quarter level but, at the average annual level, it increased by 12.4%.
In the first quarter of 2019 as compared to the same period of 2018, the prices for apartments in the primary market increased by 9% and houses – by 1%. As compared to the fourth quarter of 2018, the prices for apartments in the primary market increased by 6.9%, for houses – by 3.3%.
In average annual terms, in 2018, the cost of residential real estate in the country increased by 9.8%. A slight reduction in price in the fourth quarter of 2018 was recorded only in the segment of apartments in the primary market and new family-type houses (by 0.5% and 0.1%, respectively). In total, 9,423 transactions were concluded, which is 14% less than in the record year of 2017.