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No major drop in property prices expected yet

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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