Prices of Residential Real Estate Rise Q2, Fewer Sales Recorded

By , 23 Sep 2020, 13:17 PM Business
Prices of Residential Real Estate Rise Q2, Fewer Sales Recorded SURS

Share this:

STA, 23 September 2020 - The prices of residential properties in Slovenia in the second quarter of 2020 were up 1.9% compared to the first quarter, and 5.2% higher than in the same period last year, the Statistics Office said. But transactions were significantly lower, with the total value of all real estate sold being the lowest since the first quarter of 2015.

The prices of new apartments and houses were up by 7.1% compared to the previous quarter.

After dropping by 0.3% in the first quarter, the prices of new apartments jumped by 7.5% in the second. New houses were also 2.6% costlier than in the first quarter.

The prices of used homes rose by 1.4% in quarterly comparison. This means 1.6% higher prices for used apartments, and 1% for houses.

Family properties were on average 5.2% costlier in the second quarter of this year than in the second quarter of 2019. Up the most were the prices of new family houses (by 23.6%) and used apartments outside Ljubljana (by 7.8%). Meanwhile, a notable drop was recorded in the prices of used apartments in Maribor (by 1.2%).

The total value of all residential real estate sold in the second quarter reached EUR 229 million, which is some EUR 60 million less than in the first quarter.

This is also the lowest total value of all residential real estate sold since the first quarter of 2015, when sales stood at EUR 207.

The Statistics Office partly attributes the drop in transactions to the Covid-19 epidemic, which virtually stopped all activity on the Slovenian real estate market.

A total of 2,161 units of used residential real estate were sold in the second quarter, in the total value of EUR 220 million, which is almost half of the figure recorded in the same period last year.

Only 55 pieces of new residential real estate worth EUR 10 million in total were sold in the second quarter, while in the first 76 were sold worth EUR 14 million.

More data on house prices in Slovenia

New Total Croatia Info Site

total-croatia-montenegro.jpg

Editorial

Photo of the Week

Photo galleries and videos

This websie uses cookies. By continuing to browse the site you are agreeing to our use of cookies.