The Slovenia Times

Home prices continue to grow

BusinessInvestment & Real Estate
The Slovenian capital. Photo: Daniel Novakovič/STA

Higher mortgage interest rates appear to have done little to bring down home prices, although there are signs of softening demand, the latest statistics show.

Home prices increased by 1.9% in April-June compared to the first quarter of the year and by 7.4% compared to the same period in 2022, The Statistics Office said.

Prices of new residential property went up by 3% in the second quarter after going down 8.4% in the first quarter. The increase was driven by higher prices of new flats.

Prices of resale property rose by 1.8% as both second-hand flats and houses got costlier. Resale flats in Ljubljana were 2.8% more expensive.

Compared to the second quarter of 2022, real estate prices went up by 7.4%, of which prices of second-hand family houses increased the most, by 11.2%, followed by prices of second-hand flats, by 6.1%.

Prices of new houses and flats changed only slightly: the former going up by 0.3% and the latter dropping by 0.2%.

Despite the continued price rises, demand appears to have softened somewhat.

The number of residential property sales was down by 5% quarter-on-quarter and by a third year-on-year.

The total value of all real estate sales in the second quarter was EUR 338 million, which is nearly the same as in the first quarter and down by a third year-on-year.


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