The prices of residential properties in Slovenia continued to grow in the second quarter of the year although the number of transactions dropped. Prices rose by 2.2% over the quarter before, going up by 6.7% year-on-year, fresh official statistics show.

Following a 7.6% drop in prices of new homes in the first quarter of the year, an increase of 9.1% was reported in the second quarter. New flats were 9.7% more expensive and new houses were 3% costlier, according to the Statistical Office.

Prices of second-hand homes rose by 1.1% in quarterly comparison: those of houses were up by 1.4% and those of apartments by 1%. The price hike of used apartments was the largest in Ljubljana (up by 1.2%).

Year-on-year, housing prices increased by 6.7%. The prices of new flats rose by as much as 18.2% compared to the second quarter of 2023, while used flats were 7.6% more expensive. New family house prices increased by 4.3% and those of new ones were up by 3.8%.

Transactions totalled some €336 million in the second quarter of 2024, which compares to €340 million in the first quarter, but the figure is down by about 17% from €402 million in the first quarter of 2023.

The number of units sold in the second quarter reached nearly 2,070, similar to the previous quarter but 20% fewer year-on-year.

Just over 1,980 of the units sold in the second quarter were previously used, with the transactions amounting to €306 million. Only 86 of the units sold were new, for a total transaction value of nearly €30 million.