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Prices of residential real estate up 6.8% last year

Ljubljana, 22 March (STA) - The prices of residential real estate last year were 6.8% higher than in 2022, which is the smallest increase in the last three years, the Statistics Office announced on Friday. The number of transactions was down by around a quarter.

At 6.8%, the annual price growth was the smallest since 2021, when the prices rose by 15.8%, which was the largest growth in the last few years at the time.

Last year, the prices of new houses increased the most, by 9.5%, followed by new apartments (8%), second-hand houses (7.9%) and second-hand apartments (5.9%).

The total value of transactions with residential real estate in 2023 amounted to EUR 1.4 billion, down a fifth compared to 2022. The number of transactions, 9,786, was down by a quarter compared to the year before.

In the last quarter of 2023, the prices of used residential real estate were up by 2.3% on a quarterly basis, while the prices of new residential real estate were up for a third quarter in a row, by 3%.

The total value of transactions with residential real estate in the fourth quarter last year was EUR 372.5 million, which is some 10% more than in the third quarter and roughly the same year-on-year.

A total of 2,420 units of residential real estate were sold in October-December 2023, which is on a par with the quarter before and around 15% less than in the last quarter of 2022.

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