Slovenian real estate market in 2023
The Geodetic Office of Slovenia (GURS) has released a consolidated analysis, “The Slovenian Real Estate Market in 2023”. It reveals a number of contradictions and raises serious questions about its long-term sustainability. The report highlights the following key points:
- Paradoxical dynamics: Despite the decrease in the number of transactions, real estate prices still continue to rise. This indicates a mismatch between supply and demand.
- Systemic problems: The long-term lack of adequate regulation, organization and financing in the real estate sector has led to serious problems such as problems with planning, infrastructure and tax policy.
- Market trends: In 2023, the downward trend in the number of real estate transactions continued, especially regarding residential real estate and commercial properties.
- Rising prices: Despite the decrease in the number of transactions, prices for residential real estate and land continue to rise, although not as fast as in the previous record year of 2022.
- Outlook: It is assumed that the real estate market in Slovenia has peaked and is entering a slowdown or cooling phase.
- Challenges: However, a challenge remains the lack of new housing and land in major cities, which may prevent real estate prices from falling.
Overall, the GURS report “Slovenian Real Estate Market 2023” highlights the need for systemic changes in the sector to ensure its sustainable development and prevent possible crises in the future.
