Slovenian Real Estate Sector Shrinks

Professional ServicesReal Estate ♦ Published: August 3, 2013; 12:53 ♦ (Vindobona)

The building activity in Slovenia slackens. Moreover, transactions remain weak and new housing loans have reached a record low. A further decrease in real estate prices is rather likely.

Slovenian Real Estate Sector Shrinks / Picture: ©

The proportion of total volume on the real estate market accounted for by new-build housing recorded a record low last year of 12.9%. Transactions in new-build housing were constrained by the reduced supply of new-build housing caused by bankruptcies of construction firms and the excessive prices relative to consumer purchasing power. Prices of used housing fell by 7.5% last year…