Residential property prices in Slovenia in the 1st quarter of 2020 increased by an average of 1.1% higher than in the 4th quarter of 2019

Residential property prices in Slovenia in the 1st quarter of 2020 increased by an average of 1.1% higher than in the 4th quarter of 2019.

Secondary real estate sales were the lowest in five years. But at the same time, the number of sales of new real estate also remained low.

Due to restrictions on the work of realtors that forced in Slovenia in mid-March, the 1st quarter of 2020 was not ordinary, nevertheless, here are some numbers and details you can get in the source mentioned below:

• In Slovenia as a whole, prices for new residential real estate rose 0.1% higher compared to the previous quarter.
• Average prices for secondary residential real estate increased by an average of 1.2% compared to the 4th quarter of 2019.
• In the 1st quarter of 2020, prices for secondary real estate in Ljubljana increased by 0.9% compared to the previous quarter.
• Residential property prices in the 1st quarter of 2020 were on average 5.5% higher than in the same quarter last year.
• The total value of all residential real estate sold in Slovenia in the 1st quarter of 2020 amounted to 289 million euros, which is 70 million euros less than the total value of all sales in the 4th quarter of 2019 (358 million euros).
• 1,764 apartments were sold on the secondary market in the first quarter of 2020 with a total value of 173 million euros.
• In the 1st quarter of 2020, 76 new residential properties were sold, which is almost 29% less than in the 4th quarter of 2019 (107).
• The total sales value of new residential real estate amounted to 14 million euros (and 18 million euros in the 4th quarter of 2019).

Source: https://www.stat.si/StatWeb/News/Index/8925