Unhappy Ljubljana, Slovenia
Slovenia’s property market is still in the doldrums, though house price-declines are slowing. The crisis is now concentrated in the capital, Ljubljana, where existing flat prices plunged by 12% (-12.9% in real terms) during 2013.
This is a dramatic contrast with the rest of Slovenia, where the price of existing flats rose by 3.3% (2.2% in real terms). Slovakia's nationwide house price index fell by only 2% (-3% in real terms) in 2013, and during the fourth quarter of 2013 house prices rose nationally by 1%, or 1.1% when adjusted for inflation, based on figures from the Statistical Office of the Republic of Slovenia. Existing dwelling prices fell by 2.9% in 2013 (-3.9% in real terms), but new-builds were nominally stable (- 1.1% in real terms).
