The Slovenia Times

Prices of Used Flats Record Biggest Quarterly Drop


The prices of used homes - flats and houses combined - have fallen by 3.7% in the third quarter compared to the one before.

The drop brings the prices of old flats in Ljubljana below the level of the first quarter in 2007 (by 11%), which was followed by a rapid increase in real-estate prices, the Statistics Office said on Wednesday.

Despite the lower prices, the number of completed deals involving old flats was very low. With 926 sold apartments between July and September, the number of deals was the lowest since 2010, the Statistics Office said.

The prices of old houses remained nearly level. Compared to the second quarter, they were down by 0.6% and 1.5% compared to one year ago.

Similarly, prices of new homes have dropped 0.6% in the third quarter, with new flats up 0.8%. Prices of new homes remain 6.3% lower than a year ago.

The Statistics Office said that the number of sold new flats (153) was the lowest since early 2007, when the office started recording the prices of new flats.

The press release said that it appeared that buyers of new flats continue to wait for sales of flats involved in receivership proceedings.

The prices of new houses meanwhile dropped by 6.2%. In the third quarter 44 new houses were sold, which is below the average number of deals per quarter in the past four years, which was at 66.


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