Business News

Prices of New Housing on the Rise Again

Ljubljana, 29 July (STA) - Prices of new built housing increased by 1.6% in the second quarter of the year, the second consecutive quarterly increase after a long period of decline, the Statistical Office said on Thursday.

Even though this is the second consecutive quarterly increase, prices are still 15% lower than in Q2 2008, when they were at their peak, but they have returned to the level of a year ago.

Companies reporting to the Statistical Office have sold 272 new housing units in Q2. However, the number is still low compared to the average quarterly turnover in 2007, when the figure reached 366.

Over a third of all new housing units (98) were sold in central Slovenia (44 in Ljubljana alone), followed by Podravje in the northeast (55) and the northern region of Gorenjsko (36).

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