The Slovenia Times

Apartment Prices Drop 4% in Third Quarter of 2013



The prices of new apartments dropped by 15% and reached the lowest level since 2007, when the statistics started to be kept. The prices of second-hand flats meanwhile remained unchanged.

One of the reasons for the drop is the fact that the prices of new apartments unexpectedly rose in the first two quarters of 2013 after declining throughout the entire 2012.

A total of 165 new apartments were sold in Slovenia in the third quarter, which is slightly above the average for the last five quarters. The number of transactions in second-hand flats meanwhile dropped by 50%.

A majority of the new apartments (68%) were sold in central Slovenia, including 50% in the capital.

The prices of new houses dropped by 2.7% compared to the second quarter of 2013, which is the third quarterly drop in a row and a record-low. They are 27.8% lower compared to the first quarter of 2008.

The combined average price of new apartments and new houses in the third quarter was down by 12.5% compared to the quarter before.

Prices in Ljubljana decreased by 3.6%, for the fifth consecutive quarter to reach the level of the first quarter in 2006. Prices in the rest of the country were meanwhile up by 2.5%.


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