Business News

Apartment Prices Flat in Q2

Ljubljana, 16 August (STA) - Prices of second-hand apartments remained flat in the second quarter of the year compared to the first quarter, but they rose 4% year-on-year, the Surveying and Mapping Authority said Monday.

Country-wide apartments cost on EUR 1,737 per sq. metre on average, but this masks huge differences between regions, according to the quarterly report of the Surveying and Mapping Authority.

In Ljubljana the price was EUR 2,436, down 1% over the previous quarter and 4% higher than in the year before.

Prices in Koper on the coast are similar, but elsewhere they are significantly lower, ranging from EUR 1,829 in Novo mesto and EUR 1,205 in the second largest city Maribor.

Overall, the report says that the market is picking up in terms of the number of transactions even though prices are level. There were 165% more house sales year-on-year and 77% more apartment sales.

That the marker is still far from full-fledged recovery is also suggested by house prices, which dropped by 1% on average over the previous quarter to EUR 119,692, down 4% year-on-year.

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