Positive news for Slovenian real estate
25.04.2017 | Fiona Thompson
Although the revival has been slow, there is finally something to cheer about as reports indicate that after two years of gradual growth, the number of transactions recorded in the Slovenian real estate market is now close to its 2007 peak.
According to GURS, the Surveying and Mapping Authority of the Republic of Slovenia, the amount of value of these deals crossed the 2 billion mark for the first time in a decade, while the actual number of transactions was 32,000. The figures are almost 60% higher than in 2009, when the market hit its lowest point, and just under 10 percent lower than last year's results.
What kinds of properties are showing the most encouraging improvement? Actually, the increases are across the board but the figures for apartments and family houses are perhaps the most encouraging with a reported rise for the third consecutive year. Commercial real estate and building land are also doing well.
As well as being good for sellers, the news is also good for those looking to make a purchase as more and more properties that are new to the market are becoming available. The future looks encouraging, particularly for the coastal region and for Ljubljana, where demand is currently outstripping supply.