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Average Price of Apartments Down 1.7% in First Quarter

Ljubljana, 19 June (STA) - Prices of apartments in Slovenia in the first quarter of the year were down by 1.7% compared to the last quarter of 2013 despite an increase in prices of new apartments, and were down 6.6% year-on-year, according to the Statistics Office.

While prices of second-hand apartments were down 3.7% compared to the previous quarter, prices of new apartments were up by 2% for the second quarter in a row.

Prices of second-hand apartments were down by 9.4% year-on-year and by more than 16% compared to the 2010 average.

The growth in the prices of new apartments followed a record drop in the third quarter of 2013, when they were down by 15.1%, mostly due to a large number of transactions related to the sale of bankruptcy estate of companies.

Prices of new apartment remain low, as they were down in the first quarter by 6.4% year-on-year, and by 10.5% compared to the 2010 average, according to statisticians.

Prices of new houses were meanwhile up by 1.9% at the quarterly level. Year-on-year, prices were up by almost 2% and compared to the 2010 average by almost 11%.

Prices of second-hand apartments in Ljubljana were down in the first quarter of 2014 for the seventh quarter in a row, by 1.8%, reaching the level from the first quarter of 2006. Prices in Ljubljana were down by 20% compared to the 2010 average.

Prices of apartments outside of Ljubljana were down by 4.9% at the quarterly level, by 8.2% year-on-year and by 13% compared to the 2010 average.

The number of transactions with second-hand apartments in the first quarter of 2014 stood at 1,073, approaching the quarterly average for 2013.

Prices of second-hand houses were down in the first quarter by 1.9%. They were also down by 2.9% year-on-year. The number of transactions stood at 297, on par with the quarterly average for 2013.

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