Apartment prices averaged EUR 1,680 per m2 countrywide, down almost 6%

year-on-year. Prices have been falling in all major cities tracked for the

survey, though the differences are significant.

In the capital

Ljubljana prices averaged EUR 2,391 per m2, down over 5% from a year ago.

The most expensive apartments are on the coast, where sellers got an

average of EUR 2,481 per m2, 4% less than a year ago.

One- and

two-family homes, meanwhile, were more expensive, costing an average of EUR

125,016, up from EUR 122,505 in the year before. However, the number of

transactions is so small prices swing wildly even in quarterly

comparisons.

Prices of building land also continue to decline, which

the reports says is a logical consequence of the bust in the construction

industry and meagre demand. Investors paid EUR 58 on average per m2 of

building land, down from EUR 61 a year ago.

The prices vary depending

on region, with building land costing EUR 201 per m2 in Ljubljana (down a

fifth compared to a year ago), EUR 100 on the coast, EUR 123 in Maribor and

as little as EUR 37 in and around Celje.

Only commercial real estate

is bucking the trend, with prices rising compared to the first quarter

though still slightly below the level recorded last year.

With prices

falling, real estate is becoming more attractive and turnover has been

increasing, according to the report. The number of transactions rose 5%

year-on-year in Ljubljana and edged higher in the majority of other

regions.

The Surveying and Mapping Authority tracks property prices

based on a representative sample of actual transactions.