In 2024, real estate prices in Slovenia experienced minor changes compared to previous years. While slight price increases were observed in major cities such as Ljubljana and Maribor, prices remained more stable in smaller towns and rural areas. These differences stem from various economic activities and infrastructure development that influence local demand. Demographic shifts among younger generations are reflected in increased interest in urban real estate, while older residents prefer to remain in rural areas, contributing to price stability.
Apartments
In 2024, the average sale price of apartments per square meter in Slovenia increased from €3,160.58/m² to €3,414.04/m². This price growth indicates a continued demand for apartments in Slovenia, despite challenges posed by market conditions. The average size of apartments sold this year was 68.67 m².
In cities, due to high prices and spatial limitations, there has been an increase in demand for smaller apartments. Studio and one-bedroom apartments with an area of up to 40 m² are becoming increasingly popular as they offer lower maintenance costs and greater accessibility for younger buyers. At the same time, smaller apartments are also attractive to investors. This trend is particularly evident in Ljubljana, where the high demand in the rental market enables higher returns.
Houses
For house sales, the average price per square meter this year was €1,379.42/m², which is €85.34/m² more than last year (€1,294.08/m²). The average size of houses sold this year was 179.44 m². The increase in house prices is a clear indication that the demand for larger residential units continues to grow, with buyers seeking more spacious properties.
In rural and suburban areas, demand for larger apartments and houses is increasing. The average size of properties in these regions exceeds 120 m², meeting the needs of families looking for more living space. Many buyers are also opting to purchase land plots, where they can build properties tailored to their preferences.
In the luxury real estate segment, there is a noticeable demand for spacious properties, often exceeding 200 m². These properties are typically equipped with modern technology, smart home systems, and are located in exclusive areas.
Commercial Spaces
The average price per square meter for commercial spaces this year was €1,456.98/m², slightly higher than last year (€1,429.17/m²). The average size of commercial spaces sold this year was 174.56 m². This reflects stable demand for commercial properties, which responds to the specific needs of businesses and local market conditions.
Many companies are looking for flexible solutions, such as coworking spaces, which are becoming increasingly popular in major cities. There is also a growing demand for technologically advanced office spaces that offer higher energy efficiency and modern infrastructure. These trends align with broader shifts in work practices, as businesses adapt to hybrid work models that increase the need for high-quality yet functionally smaller spaces.
Factors Influencing Changes
Location remains the key factor in the Slovenian real estate market. Urban areas and tourist destinations command significantly higher prices due to their uniqueness and limited supply. Conversely, regions with lower economic development remain more affordable.
In addition to location, macroeconomic factors such as mortgage interest rates, inflation, and demand play a crucial role. Interest rates slightly increased in 2024, affecting borrowers’ creditworthiness. However, demand for real estate remains stable, as people continue to view property as a secure investment.
Environmental standards are also gaining importance. More buyers are seeking energy-efficient properties, which has encouraged the construction of passive houses and apartments with low-energy consumption certifications. Such properties typically achieve higher market prices.
Future Expectations
Experts predict that the Slovenian real estate market will continue to show stable growth in the coming years, with more pronounced regional differences. Market digitalization, the introduction of smart technologies, and an increased focus on sustainable construction will shape the future. Legislative changes promoting energy efficiency and the use of renewable resources will continue to play a key role in shaping supply and demand.
Understanding market trends, analyzing macroeconomic factors, and consulting real estate experts can significantly contribute to making well-informed decisions.
For more information or consultation, contact us at Tel: 00386-40-626-131, Email: tajnistvo@bazarealestate.com.
