No major drop in property prices expected yet

divider

Judging by the available statistical data, Slovenia’s housing market is not showing signs of cooling just yet although real estate agents say prices have stopped going up mid-year. Still, pundits do not think any major drop in prices is likely over the next six months.

After a record surge last year, prices of residential properties rose by a further 4.1% in this year’s first quarter on the quarter before, going up by as much as 19.6% year-on-year, the latest data from the Statistics Office shows.

Prices of existing flats went up by 5.5% quarter-on-quarter and by 19.9% year-on-year as prices of new flats dropped by 8.9% on the quarter before but were still 4.5% up compared with the first quarter of 2021.

Credit: STA, pxhere.com