The Real Estate Market in Slovenia

8.9.2014 | Justin Young

1) Why Buy Slovenian Property?  A Recent Case Study

Torhouse Investments Limited plans to develop a credible investment strategy for the real estate market in Slovenia.

Torhouse Investments Limited is a leading company that supplies a comprehensive and structured business plan for corporate and private clients all over the world.

Torhouse Investments Limited is an investment group that since its early years has turned into a powerful and highly respected company with many satisfied clients and numerous successfully concluded business transactions. Torhouse Investments Limited’s strategy focuses onn long and mid-term investment opportunities in chosen areas across Central and Southern Europe. For seven years this company has been helping clients to find the best place and conditions for their business providing them with needed support and all required services needed for a successful financial activity.

With its main offices in Cyprus the CEO of the company specified Slovenia as the next target for investment. This small alpine country has a beneficial business environment and relatively low tax rate making the start of any business easier than in many other European states. Moreover, the real estate sector if this country has remained in some way unexplored and not overcrowded by other investment groups and companies. After developing a correct business strategy Torhouse Investments Limited will be prepared for any unexpected situations in the market of this EU member.

2) Is Slovenia a Safe Place to Buy for Investment Property?

Slovenia joined the EU along with the other major Eastern European countries in May 2004.

Slovenia is probably the most secure of all of the countries even despite recent economic hardships that have affected most of Europe.  If you are an ultra-cautious investor who may lie awake at night, even if there is the smallest element of risk to your investment, then maybe, just maybe Slovenia is the right, long term country for you to be putting your hard earned money into.

If you do, you will for sure not be alone.  Slovenia was tipped by Channel 4’s ‘A Place in the Sun’ programme as the best place to invest over the next 10 years, with predicted increases of 250% over that period (slightly optimistic in our view!).  The Upmarket Knight Frank were also similarly bullish about Slovenia, putting it in their joint number two position with Latvia for 2007. Obviously since then the Crisis hit the Globe and Europe has taken its hard knocks including Slovenia.

However, before you get too carried way, there are some other factors to take into account.  It is hardly breaking news that Slovenia has got its act together despite economic hardships, and is a safe place to invest in, with the result that the capital, Ljubljana, is regularly a favourite amongst travellers that have visited numerous central European cities.  Although there are certainly going to be more price increases in the future, it’s hard to believe that it can continue such a pace over the long-term.  Remember how there was a lot of speculation in Warsaw, Prague and Budapest in the run-up to EU accession in 2004 followed by a plateau in the years following?  It’s possible that Slovenia’s entry into the Eurozone could, and the consequences of the Crisis have the same effect.

If you’re looking instead for a holiday home, Slovenia might be an option as it has some beautiful Adriatic coastline and fantastic Alpine country. Excellent infrastructure and a good quality of life even in these harder times.

The bottom line is that if you are looking for a solid safe investment and are planning on buying something with a long term eye, it will be possible to make some good money from buying real estate in Slovenia.

3) What is the Outlook for Slovenia Real Estate Prices?

According to the Slovenia Times Slovenia’s consumer confidence index improved quite considerably in August, by four percent from July and by two percent year-on-year, mostly due to more optimism regarding key indicators for the coming 12 months, the Slovenian Statistics Office reported on Friday.

Contributing to this index there were more optimistic expectations from Slovenian consumers regarding the financial situation of personal households, the current economic situation in Slovenia and also unemployment in the coming twelve months.

Each of the three indices were up four percent points compared to July, while only the value of the indicator measuring the expected financial spending of on major purchases in the coming year was down.

Consumers were also more confident about their savings. The value of the relevant indicator in August increased by six percent points compared to July, by one per cent compared to last year’s average and nine percent compared to August 2012.

4) Is the Economy Improving? The Affect on Property Prices

Slovenia’s 2nd recession since 2009 eased somwhat in the 2nd quarter as consumption fell less than in the first three-month period

Gross domestic product shrank 3.1% from the same period in 2012 after a 4.8 percent contraction in the 1st quarter, according to a estimate in a Bloomberg survey of 6 economists.

“The government’s ability to raise sufficient financing and its submission of the national reform program to the European Union is likely to have calmed nerves and eased the pace of contraction in private-sector investment,” Abbas Ameli Renani, an emerging-market economist at Royal RBS Group in London, said in correspondence today. “Net exports will most likely be the only positive contributor to the economy, as weak private consumption – albeit not as weak as before – will ensure imports continue to fall more than exports.”

Slovenia expects the economy to recover in 2015 as consumption is failing to pick up quickly and the country works on a banking situation that is undermining growth prospects.

The Prime Minister Alenka Bratusek has vowed to fix the banking sector with a direct capital injection of €1.2 billion, and by swapping the bad loans for government guaranteed bonds to aid the needed recovery.

The bank plan should “convince financial markets that Slovenia is a credible debtor and any new borrowing will be used for restructuring economy,” Jazbec said in a recent interview.

5) Slovenia – What are the  Best Areas  to Buy In ?

Slovenia’s real estate prices achieved new and maybe final lows last year, and the Alpine republic may represent one of the most attractive – and least known – bargains for savvy, wise property investors. It is hardly surprising that Slovenia’s marketing booths at the big real estate fairs are attracting increasing interest.

A good example was the country’s presentation at the MIPIM real estate show at the French seaside resort of Cannes in March. MIPIM counts as the world’s largest and probably most important meeting place for serious property investors as well as top projects on the market. This year’s presentation organized by SPIRIT – Slovenian Public Agency for Entrepreneurship, Innovation, Development, Investment and Tourism – was entitled “Slovenian Way”. The presentation showcased three differing projects, all situated along one of the main streets in Ljubljana’s centre – Slovenska cesta.

“City Tower” is a €50m project comprising of a business centre at one of the capital’s prime locations. The Šumi Building will contain prestigious, luxury flats in the centre of the capital and just a few meters away from the National Theatre. The project has an estimated worth of €63m. The third project was the long awaited new centre for the Slovenian National Library. The plans for the City Tower and Šumi Building were made by Boris Podrecca, the world famous Slovenian architect currently working in Vienna.

All three projects attracted a large amount of interest. Slovenia’s presence was also successful this April at the largest real estate fair in Russia, the DomExpo. Opportunities were presented by six real estate companies all showcasing some of Slovenia’s most interesting projects.

This high interest comes as no surprise. Slovenia offers unspoilt nature and an interesting geographical location on the European map. The country is located between the Alps and Mediterranean, and just a few hours drive from locations like Venice or Vienna. As in many European countries, real estate prices increased in the last decade, and declined after the crisis in 2008. According to analysts from local real estate agencies, prices have now reached the bottom and will gradually begin rising again over the next 2 years.

6) What is the Outlook for Rental Property?  Subtle attraction of Slovenia for a tourist.

The published Statistics show the steadily rising number of visitors – yet the potential of Slovenia’s tourism remains largely undiscovered by foreign investors and travellers alike.

Its funny to think but in 2012 the number of foreign tourists in Slovenia exceeded the country’s own population. The 2.1 million visitors shows a 5.8% increase over 2011 and a 10% increase over 2008. The number of the foreign tourists has been growing since the country’s independence in 1991.

This does not come as a surprise. Slovenia has so much to offer to its visitors and has for years, been a secret destination for the discerning traveller, the sunny Mediterranean, Alps, many thermal spas, good infrastructure and unspoilt nature, all packed in a handy small area close to major global attractions such as Venice, Vienna and Budapest, in addition,  wonderful nature such as the spectacular caves in the Karst region or the subtle classical charm of the nation’s capital Ljubljana. Visitors often describe Ljubljana as like Prague in a smaller and much less crowded adaption.

The well visited Slovenian destination for tourists is Portorož and its picturesque neighbour Piran. However, the coastal area is not the main attraction – receiving 16% of the total tourists. The most popular destinations among foreign travellers are Slovenia’s mountains & lake areas, with over 27 percent of the visitors choosing to stay in one of the country’s Alpine resorts such as Bled, Bohinj, Kranjska Gora or Bovec. Around 20% pick the capital as their destination and around 15&, opt for one of Slovenia’s many thermal spas.

Surprisingly enough, despite its undisputed potential and continued year on year increase in tourism, foreign investors still have to really discover and take advantage of Slovenian tourism. The Terme Maribor spas and hotel network was recently bought by a group of Russian investors. The beautiful, renovated Palace Hotel in the seaside resort town of Portorož has been a part of the Kempinski Group for a while now. These two examples are among very few exceptions. But as a growing number of visitors discover Slovenia and its many charms, investors may well follow as there are some opportunities being greatly missed.

7) Are Property Prices Increasing?

House prices in Slovenia increased 0.8 per cent in the 2nd quarter of the year, according to the Statistics Office. New apartments and existing houses were more expensive, while the prices of newly built houses and existing apartments fell compared to the 1st quarter

There were 272 existing homes sold and they were 2.6% dearer than in the previous quarter.

The prices of new flats and houses were 1.2% higher on average than in the first quarter of the year.

In the April to June period, new houses were 7.2 percent cheaper than in the first quarter of the year and 14.5 percent cheaper year on year. Fifty new family homes were sold in the 2nd quarter, which is the highest number recorded since 2011.

Contrasting this new apartments were 3.6 percent more expensive compared to the first 3 months of this year and 2.9 percent more expensive than in the 2nd quarter of last year. The prices were  gradually decreasing through 2012.

168 new apartments were sold in the 2nd quarter, which is slightly above last year.

The prices of used houses and apartments were 0.6 percent higher than in the 1st quarter.

Existing apartments were 0.2% cheaper in the 2nd quarter. In Ljubljana, the prices fell for the 4th consecutive quarter, by 1.7%, while they were 0.7% higher elsewhere in the country.

More existing apartments were sold in the 2nd than in the 1st quarter, the number was however below last year’s quarterly average.

10) Overall Consumer Confidence Continues to Improve in September 2013

Slovenia’s consumer confidence index statistics continued to improve in September for the 3rd consecutive month, increasing by 2% over August and by

14% compared to last year, Slovenia’s Statistics Office stated on Monday.

Consumer confidence increased mostly due to more optimism regarding the possibility to increase savings in the coming year, with the relevant indicator increasing by 4% on a monthly level.

The indicators measuring the actual financial situation in domestic households in the past year and increases of prices in the last year were meanwhile down.

The indicator “suitability of the moment for savings” increased by 6% in September compared to August, by 7% compared to last year’s average and by 18% compared to last year.

8) What is the Best Way to Invest in Slovenia Real Estate?

The best way to invest in real estate in Slovenia is to contact a regulated agent such as ourselves who will help you find the property or properties which meet your aims and objectives – you can contact us without any cost or obligation for an informal discussion on your specific needs and requirements.

9) Want to View Properties Throughout Slovenia?

We dont just cover a specific area of the country our portfolio covers the whole fo the country and all types of properties including luxury appartments, houses,  cittages and farm houses. We also cover commercial real estate and have a wide selection of rental property.

10) How Easy is it to Buy a property In Slovenia?

The buying proccess is straightfroward and as you can read elsewhere on this site bith the seller and buyer are protected under Slovenia law. We can help guide you through the buying process and you can also take advatantage of our trusted partners from lawyers to builders – so we offer a one stop solution if you decide to buy property.

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News headlines

  • Adria to launch Ljubljana to Kiev route

    The Slovenian national carrier Adria Airways is to launch regular flights to the Ukrainian capital from Ljubljana Brnik airport, The route will launch in October and there will be three flights a week on Thursday, Friday and Sunday, with the return flights being on Monday, Friday and Saturday.

    As well as providing a useful link with Ukraine, the route is also expected to be an important springboard to other European destinations from Kiev. 

  • Luton Town to Come to Slovenia for Training Camp

    The English football league club Luton Town, known as the Hatters, are coming to Slovenia in July for a week-long training camp. They players and coaching staff will be based just outside Maribor, at the same place where Scottish side Celtic was based for preseason training.

    Slovenia, and especially Maribor, has been keen to promote itself as a great location for such training events with excellent facilities and accommodation and additional attractions such as sports physio services and wellness centres, in particular, those available at the country’s numerous spa centres

  • Slovenian Music Superstar to Play in the USA

    Vlado Kreslin, one of the best known and most popular Slovenian musicians will play a convert in Cleveland, Ohio on 3rd December. Kreslin, who is often referred to as the ‘Slovenian Bob Dylan’ first came to prominence in the Yugoslavian days, as a member of the 1970s rock band Martin Krpan but his solo incarnation veers more towards the genres of folk-rock. 

    While Kreslin is in the States on a short concert tour, the Cleveland date is particularly special because around 40 percent of Slovene Americans live in the state, the greatest concentration od them in the US, and of them the majority live in the Greater Cleveland area.

  • Ljubljana to Amsterdam flights from April 2017

    Dutch budget carrier Transavia is to launch three weekly flights connected Ljubljana with Amsterdam from April 2017. Tickets are already on sale and start at €29 one way. The flights will take place on Tuesdays, Thursdays, and Sundays.

    As well as being an attractive destination in its own right, Amsterdam is a useful hub for flights to destinations all over the world, and especially for those looking for easy access to regional UK airports. 


  • Lendava to bid for European Capital of Culture title

    Lendava in the far east of Slovenia is making an ambitious bid to win the title European Capital of Culture for 2025. 

    Slovenia’s Minister for Culture has endorsed the bid, saying that it represents an important chance to decentralise culture and spread it to small towns, not just to concentrate it in the bigger cities.

    Campaigning proper will begin in earnest in 2019 but a conference has just taken place in the town to get the ball rolling. Organisers say that Lendava will make the bid along with partner towns, citing Croatia’s Čakovec, Austria’s Bad Radkersburg and Hungary’s Szentgotthard as possibilities. 


  • Celtic Football Club Coming to Slovenia

    Despite the Euros being in full swing, it’s that time of year when football supporters start thinking about the new season. How many new signings will their side make and how will those players fit into the existing team? Will they have a good run in the cup, or will they be fighting for survival once again?

    Following an age-old tradition of pre-season tours, this year Glasgow Celtic, one of Scotland’s biggest clubs has chosen Slovenia for its short trip abroad. The brief tour will kick off in Celje on 30 June before heading over the border to play Austria’s Sturm Graz on 3 July. The Bhoys, as they are known, will return to Slovenia to play Olimpija at Ljubljana’s Stožice Stadium on 6 July and the final match will take place at the Ljudski vrt in Maribor on 9 July.

    Celtic have met NK Maribor already: in 2014 they faced each other in a play-off for entry to the Uefa Champions League, and after the two legs Maribor came out the victors, winning on aggregate 1-2.

    This time, Celtic will be led by their new manager Brendan Rodgers who previously managed Liverpool FC.

  • Slovenia Estates Comes To Kobarid

    We’ve opened a new Slovenia Estates office in Kobarid, in the Soča Valley. This beautiful area has long been popular with Slovenian families as well as holiday makers and second home owners, and we are delighted to be able to based in Kobarid so we can better meet the needs of sellers and buyers in the far west of Slovenia.

  • Plečnik chair sells for 40,000 Euro

     A chair designed by Slovenia’s most celebrated architect Jože Plečnik has been sold at auction for over €40,000 and returned to its original home at the same time.

    Plečnik is usually associated with Ljubljana, having overseen the redesign of the large parts of the city in the first half of the twentieth century and his distinctive style is easy to spot. However, he was also responsible for a major reworking of Prague Castle in the Czech capital between 1921 and 1934 and this chair was part of that project, having been designed to sit in the study of the President at the time, Tomas Garrigue Masaryk.

    Plečnik actually had three of these chairs made but only one managed to stay in Prague Castle throughout the Communist period. In fact, for a long time curators there thought that chair was one of a kind until a second chair was returned to Prague Castle in a bad condition in 2006, and they were delighted when this third chair turned up at auction. 

  • Ljubljana to Warsaw Six Flights Weekly

    From 1 March flights will commence between Ljubljana Jože Pučnik Airport to Warsaw. There will be six flights weekly and they will be operated by Polish carrier LOT. Flight time is less than two hours and Warsaw gives Slovenian passengers a useful connection for onward travel to a variety of destinations including northern Europe and Scandinavia and even the United States.

  • New Bled Office

    We have opened a new office in the centre of Bled. This will serve as our base in the Bled/Bohinj/Kranjska Gora areas. The office is situated in the main shopping centre on the first floor next to Gallus Pizzeria. Lots of lovely properties from the area are displayed in the window!

  • We have opened an office in The Old Town

    We are pleased to annouce we have opened a new office in the heart of Ljubljana’s Old Town on Gornji Trg 1. We have shop front space so lots of lovely properties in the window. Please come and visit us whenever you can!

  • Slovenia real estate increases in popularity

    This year we have seen a marked increase in foreigners interested to buy Slovenian rela estate. Buyers from both the West of Europe, Russia and the US are taking advantage of low real estate price due to the Crisis in Europe before any rises are seen. Most popular areas are Ljubljana, Bled & Portoroz and with more and more sellers becoming very flexible on asking prices its fast becoming an attractive overseas destination for foreigners looking for both their own property as well as a secure long term investment

  • Slovenia Property Blog page

    We have now set up a new Blog page with news articles on Slovenian real estae, topical issues, news and featured & bargain properties. We will be updating the page each week with stories, so please check the page out for up to date information on Real estate in Slovenia. Click HERE to go to the page


  • Ljubljana Apartments moving faster

    This year we have noticed a marked increase in the both the number of enquiries about Ljubljana real estate as well as overall transactions, we ourselves have sold more this year than last and while generally it is still the foreign buyer who is buying enquiries from locals have also increased slowly. The feeling locally is prices in the city may have reached their low point and with faint signs of a recovery in Europe generally that feeling may well be borne out.

  • Slovenia real estate bargains

    There is more and more excellent value real estate in Slovenia now, with local owners unable to finance renovations or improvements themselves, there is a good supply of property in need of renovation at some very attractive prices. With Slovenia Estates project managing renovations, a project need not be a headache but a very worthwhile investment. Contact us for the best bargain real estate in Slovenia on the market.

  • We have moved

    We have moved to lovely new offices in Prule, the Old part of Ljubljana. With increased space, interiors designed by JVBdesignworks, and a fantastic shop front location we are looking forward to welcoming new & old faces to Žabjak 2, Ljubljana 1000.

  • Slovenia Self Catering

    Slovenia self catering accommodation is extremely popular and gaining more popularity as competition increases amongst available self catering houses and apartments and quality rises. We have some delightful self catering properties in Slovenia for vacation rental. They can be found here . We also know of many more available so contact us if you wish to rent a house or apartment in Slovenia for an unforgettable holiday.

  • Ljubljana Apartment Sales

    Further to the recent News we posted on “Ljubljana Sells Best” we wanted to provide more information on Ljubljana real estate. The sales are nearly always apartments and always in the centre of town. The demand from foreign buyers for houses in Ljubljana is low as they want to be located very centrally and this means apartments. Ljubljana villas in for example the Rozna Dolina area are also priced at a level that is too high for most Slovenia real estate investors.

  • Ljubljana Sells best

    This year we have sold more real esate in Ljubljana than any other year. It seems investors from various parts of the globe see Ljubljana as perfect place to buy. Small, neat and improving year on year, with a fabulous centre and old town and with prices at a very competitive level. The most popular areas being the historic old town and the centre, and despite no cars being allowed in the old town, buyers seem to accept this with the positives that come with that. See our Ljubljana real estate section for more details.

  • Portoroz real estate on the up

    We are experiencing a marked increase in enquiries and sales of real estate in Portoroz. The buyers are mainly from Russia and Ukraine, wanting Villas with sea views. Prices of Portoroz real estate remain high but have come down considerably over the past few years. Real estate in Portoroz is in short demand and quality property goes fairly quickly if priced correctly.

  • Luxury Hisa Zeenia for Slovenia holiday rental

    We are pleased to announce the availabilty of this wonderful, magical House for rent in Slovenia. Hisa Zeenia is a truly magnificent house available for a Holiday rental in Slovenia all year round. With outdoor Natural swimming pool and 7 bedrooms, landscaped gardens and all located in the stunning Soca Valley its one of the best holiday properties to rent in slovenia. Click here for more

  • Prekmurje Property

    We are seeing a marked increase in the Prekmurje region again. Both Slovenians and foreigners are enquiring about property in Prekmurke, especially old style houses with some land. Renovation projects remain popular and views a must. Prices have come down since the crisis and with the Euro falling it has become a very attractive area to look at.

  • New section here

    As you can see this is a new section we have just added, to keep our customers up to date with whats going on with Elite and real estate here in Slovenia. It will be regularly updated.

  • A Bargain!

    Does it get any cheaper than this for a renovation project, a lovely village, a quiet street, some land all for €25000! Click here

  • New Properties added

    We have been out and about over the past few weeks seeing and adding new properties to our website. Over the next few weeks many more will be added so its a good idea to register for updates if you wish to be kept informed of whats new in Slovenia real estate.

  • Another Beauty – Karst Project

    We are pleased to announce another superb development in the popular Karst region. Beautiful, modern villas in a rural setting, super views and highly energy efficient, these represent Slovenia real estate at its best. For details click here, a full presentation of visuals will also be found here. For more details just contact us.

  • Lipica Villas

    Together with a partner agency we are soon to be launching a beautiful new development in Lipica, just opposite the entrance to the famous Lipica Estate where the famous Lipizzaner horses are from. This represents Slovenia real estate at its finest…Click here for a sneak preview

  • Summer Here!

    The good weather has arrived just in time for the holidays and the three public holiday days here in Slovenia. Blue skies 26 degrees, everything green its a very beautiful time!


  • Good Weather means enquiries

    Its always interesting to see the corallation between good weather and increased enquiries for Slovenia real estate. Over the past few weeks when its been cold and rainy enquiries were low, now people see the sun is coming back and the enquiries have risen. Forget the moon! We are ruled by the sun!

  • Success in Moscow

    We are happy to report that our attendance at the Moscow Real Estate fair was a great success, we were the only representation Slovenia had and that proved effective. There was much interest in Slovenia especially in the €150-€250,000 price range. Many of the visitors to the Croatia stands were also coming our way so its good to know that many consider Slovenia as an alternative to Croatia.

  • Soca Interest

    Interest in the Soca region of Slovenia has reached the highest level in two years. People have always loved this area for Slovenia real estate for its beauty but it seems people are really seeing all the benefits of this popular area and preferring it to other areas.

  • Karst Interest, new stone villas

    We have seen a marked increase in enquiries for the Karst (Kras) region of Slovenia, we will soon be selling stone villas in a new exclusive development in Lipica, home of the famous Lipizzaner horses. We will publish more information once we start the marketing campaign

  • Moscow Fair

    We will be promoting 4 fabulous new developments at the fair as well as all our beautiful properties on our books. As well as meeting all the agencies we work with and several we will hopefully be working with in the future.

  • New Site Comments

    We have recieved many kind comments about our re designed site, Thank you to all those that sent emails with such great comments. We also received some great suggestions about what people would like to see on the site and we will be working on including many of these suggestions!

  • Katja to get Licence

    Our Office general manager Katja Keber is studying for her real estate licence, let’s hope she gets it soon!

    Katja has been with SE for 4 years and has a great understanding of how Slovenia real estate Market works so we expect her to pass first time!

  • Off to Moscow

    The SE team will be attending the International Real Estate Fair in Moscow in April, we will be promoting selected properties and projects on our books.

    The show is Russia’s largest real estate show and in the past Slovenia real estate has not been presented before, so a first for Slovenia and Elite!

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