Slovenia’s housing market crashes
This content is archived.
House price increases in Slovenia began to slow in 2007, and started to decrease in 2008.
In the first quarter of 2009, the price of second-hand dwelling houses declined by 7% (-8.7% in real terms) from a year earlier, according to the Statistical Office of the Republic of Slovenia (SORS) - the biggest annual price fall since the series was established in 2003. From 2004-2007, house prices increased at an average rate of 13%.
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