Between May 1 and August 31, 1,866 residential properties have been sold, 163 new and 1,703 existing.
The data published today by the Statistical Office of the Republic of Slovenia (Surs) show that the prices of the newly built dwellings have dropped by 5.4% in the second quarter compared to the first quarter, and thus almost reached the lowest recorded level, i.e. 85% of the value of the average 2010 price. "It was reached in the third quarter of 2013 after the sale of a large number of flats from the bankruptcy estate of bankrupt enterprises," statisticians explained.
In the second quarter 133 newly built apartments were sold – most of them in the Osrednjeslovenska region, half of the number in Ljubljana.
The prices of newly built family houses usually vary greatly, but this time they decreased. Compared to the first four months of this year, they decreased by almost 10%. The number of transactions was very low, as only 30 newly built family houses were sold..
The number of transaction with existing real estate is much higher
The prices of existing residential property again decreased, but the volume of trade was much greater. The lower prices according to statistics caused revival of the real estate market – 1,272 existing flats and 431 existing houses were sold.
The prices of the existing flats in Ljubljana decreased for the eighth consecutive quarter; this time by 1.6%, to the level of mid-2005. Existing flats in Ljubljana thus remain, also in the second quarter of 2014, the category of real estate property which has lost the greatest value compared to the 2010 average.
The lower prices caused the market to become livelier – in the second quarter of 2014, 370 existing flats were sold in the capital, which is 43% more than the quarterly average of 2013, when 258 flats were sold.
Prices of dwellings outside Ljubljana remain unchanged
On the other hand, the prices of existing flats outside Ljubljana did not change in the second quarter compared to the previous quarter. In the post-crisis period they were gradually decreasing to the level at the end of 2006, but the number of transactions increased noticeably – in the second quarter 902 existing flats were sold, i.e. 31% more than in the same period of the last year.
The prices of existing family houses went down by 1.3%. "The steady decline reached the new lowest value since the beginning of crises in 2009," reported the Office. But the number of transactions in the second quarter increased by 40%, compared to the quarterly average of 2013.
T. H.
Translated by G. K.
