Slovenia in the global ranking of changes in property prices
Slovenia changes property prices in COVID-19.
Slovenia in the global ranking of changes in property prices. A report on the change in the global residential property price index for the 1st quarter of 2020 to the 1st quarter of 2019 was prepared by Knight Frank experts as of March 31, when COVID-19 peak had already passed in Asia, and had not yet hit in Europe, North and South America.
If you look globally, then Manila showed the highest increase in property prices in the world (by 22.2%).
This is not the first time in Europe that Budapest has shown the highest and fastest growth (16.3%).
Zagreb, St. Petersburg and Warsaw are also growing in price.
At the same time, the 2019 trend remained.
Slovenia in 2018 showed the fastest growth in property prices in the world in the 4th quarter of 2018. Ljubljana also grew in price, but it seems that this trend stopped and already in the 1st quarter of 2019 there was a decrease relative to 2018 (144th place in the world), and in the new Knight Frank report, Ljubljana took 146th place with a fall in prices by 4.4%.
It should be noted that GURS Slovenije shows us slightly different figures: “residential property prices in the 1st quarter of 2020 were on average 5.5% higher than in the same quarter last year,” and in our opinion, they can be trusted.
Time will show how prices will continue to behave, however, despite a lot of speculation about the impending market decline, there is no noticeable price reduction in Slovenia.
Based on publications:
