STA, 25 March 2019 - Prices of residential properties in Slovenia rose by 18.2% last year, driven by a 19.8% growth in the prices of second-hand homes, according to a report by the Statistics Office.
The number of transactions decreased by 14% from the 2017 peak to 9,421 in 2018. The number of transactions in new apartments remained low for the second year running.
In the final quarter of 2018, prices of existing family houses increased the most, by as much as 38.6% compared to the same quarter a year ago.
Prices of existing apartments in areas outside Ljubljana were up by 12.6% year-on-year, while Ljubljana saw an 8% growth.
Prices of new family houses and new flats were also up year-on-year in the final quarter of 2018, by 5.2% and 3.3%, respectively, with prices of both types of new homes rising by 3.7%.
Despite the volatility in prices of new apartments, the prices increased by 23.9% since 2015.
The final quarter saw only 38 new flats sold, which is a record low. The number of new family houses sold remained low as well, but at 24, this was the highest figure last year.
Compared to the third quarter, prices of existing homes - flats and houses - rose by 6.9% with prices of flats up by 4.1% and prices of houses increasing by 11.9%.
As many as 1,757 transactions in existing homes were recorded in the final quarter of 2018, which compares to only 632 involving newly built homes.