For the Slovenian real estate market, 2022 brought the continuation of the upward trend in the prices of apartments and houses, despite the consequences of the covid-19 pandemic. The half-yearly report on the real estate market for 2022, prepared by the Geodetic Institute of Slovenia, indicates price growth in both the primary and secondary markets.
Compared to 2021, house prices rose by around 10 percent. On the secondary market, the highest price increases were recorded in the Wider Ljubljana Region and Upper Carniola, where prices jumped by more than 15 percent. Housing prices also increased in other parts of the country, but to a lesser extent.
House prices on the primary market increased by around 8 percent compared to 2021. The highest growth in house prices was recorded in the Wider Ljubljana Region, where prices rose by more than 12 percent. House prices also increased in other parts of the country, but to a lesser extent.
In addition to price growth, the Slovenian real estate market also indicated a trend towards an increase in the number of sales. In the first half of 2022, compared to the same period last year, 4.4 percent more sales contracts for apartments and 8.3 percent more sales contracts for houses were concluded.
Ljubljana
The Ljubljana region represents the heart of the Slovenian real estate market, as Ljubljana is the capital of Slovenia and the center of economic activity in the country. In the first half of 2022, there is a noticeable upward trend in apartment and house prices in this area, similar to the national level.
The semi-annual report on the real estate market for 2022 shows an increase in apartment prices in the Ljubljana region by more than 16 percent compared to 2021. On the secondary market, housing prices rose by almost 14 percent.
House prices on the primary market in the Ljubljana region rose by more than 13 percent compared to 2021. High increases in house prices were also recorded in the secondary market.
The increase in the number of sales in the Ljubljana region is mainly seen in the sale of apartments. In the first half of 2022, 13 percent more sales contracts for apartments were concluded than in the same period in the year 2021. The number of house sales in this area increased by 7.5 percent.
Celje
In 2022, the housing market in the Celje Region continued in the direction of growth that began in 2021. Data from the semi-annual report on the real estate market for 2022 show that the average price of an apartment in the Celje region was €1,570/m², which represents about 6.5% growth compared to 2021.
The growth of the average house price in the Celje region is primarily the result of an increased offer of new constructions, which have become more attractive due to state subsidies for young families and the purchase of their first home. In addition, low interest rates and favorable credit conditions continued to support housing demand.
While the prices of new homes rose, the prices of second-hand homes fell by about 1.5%. Despite this, the average price of a used apartment in the Celje Region remains high, as it amounted to €1,351/m².
In general, 430 apartments were sold in the Celje Region in the first half of 2022, which represents a 9.5% increase compared to the same period of the previous year. Most of the apartments sold were two-bedroom apartments, followed by three-bedroom apartments.
In 2022, the Celje real estate market also saw a trend of increasing interest in buying apartments in the countryside and smaller towns near Celje. This is due to the desire for a more peaceful life, greater contact with nature and lower real estate prices in these regions.
Maribor
The data of the half-yearly report on the real estate market in Slovenia for 2022 demonstrates that the trend of price growth continued in the Maribor regional market as well.
In the first half of 2022, apartment prices in Maribor and its surroundings rose by 9.5% compared to the previous year, which is more than in the whole of Slovenia, where apartment prices rose by 7.5%. The average price of an apartment in Maribor increased by 10.2% compared to the previous year, while in cities such as Ptuj and Slovenj Gradec it increased by 9.4% and 9.3%, respectively.
The growth of real estate prices in Maribor is the result of various factors. One of the key roles is the growing need for apartments and houses in the period after the COVID-19 pandemic, as the demand for work and living spaces has moved from urban centers to smaller towns and rural areas.
Compared to the previous year, more sales and concluded deals were recorded on the residential real estate market in Maribor. In addition, a slightly higher average time to sell a property was also recorded. In the first half of 2022, the average time to sell an apartment in Maribor and its surroundings was 114 days, which is 7 days more than in the previous year.
In general, we can conclude that the Maribor real estate market continues to be attractive to investors and buyers. Although the prices of apartments in Maribor and the surrounding area are increasing, they are still more affordable than in Ljubljana and other major cities in Slovenia. For investors, this may prove to be a great buying opportunity, while buyers may have to be prepared for slightly higher prices.
Slovenian coast
The year 2022 brought some changes to the real estate market in Slovenia. On the coast, which covers the area from Koper to Piran, the trend from 2021 continued and real estate prices increased even more.
According to the report on the half-yearly state of the real estate market for 2022, 393 apartments were sold in the first half of the year, which is 10.2% less than in the same period last year. Despite this, real estate prices in this area remained high and increased even more compared to last year. The average price of apartments on the coast thus rose to 2,844 euros per square meter, which represents an increase of 10.6% compared to 2021.
Most sales of apartments on the coast took place in Koper, where real estate prices were the highest. The average price of apartments in this area reached 3,054 euros per square meter, which represents a 7.8% increase compared to 2021. Apartment prices are slightly lower in Portorož, but they still hover around 2,800 euros per square meter.
In addition to apartments, other types of real estate such as houses, land and business premises were also sold on the coast in the first half of 2022. The total value of real estate sales in this area in the first six months of 2022 was estimated at 173 million euros.
Kranj and surrounding area
The year 2022 brought many changes to the real estate market, including in this area. According to the semi-annual report on the real estate market for 2022, we can see that the real estate market in Kranj and its surroundings continues to strengthen.
Apartment prices in Kranj and the surrounding area have increased even more compared to 2021. The average price per square meter of an apartment in the first half of 2022 was around 1,900 euros, which is about 7 percent more than in the same period last year. The sale of apartments also increased, as the number of sales increased by almost 20 percent compared to last year.
In the area of houses, the average price per square meter has decreased, which is now around 1,500 euros. In the first half of 2022, fewer houses were sold than in the same period of 2021, but the number of new constructions increased.
The real estate market shows stable growth, which is the result of high demand for apartments and houses. This is also influenced by the proximity of the airport and good transport connections to Ljubljana and other important places in Slovenia.
In addition, changes in the labor market have increased the demand for rental housing. This is the result of the development of industry and economy in this area, which brings new jobs and, consequently, an increased demand for housing.
