The fastest price increase in Europe: this is what is happening to the Slovenian brick
Throughout Europe, it seems that there has been a general boom in interest in the real estate market. Ever since the Millennials have become an active part of this system, almost all the nations of the European continent have been hit by a "positive wave in economic-financial terms.
Among the various sectors that have been included in this revolution, a driving role has been the real estate one. A nation that has managed to emerge precisely in this field, in the last period, was Slovenia. With the independence obtained in 1991, Slovenia joined both the European Union and NATO, showing a strong propensity towards foreign markets and in every area.
In fact, the Slovenian brick market has seen exponential growth in house prices, the fastest in Europe. The strong increases, however, instead of discouraging potential investors, have increased their purchasing capacity, surprising and disproving all sorts of economic and social forecasts.
The national index of house prices has increased in percentage terms by 15.5% already in the last quarter of last year. In the same period, the neighboring countries failed to exceed 4%. More precisely, in the capital, Ljubljana, the price index for homes but also for apartments of old construction, increased by 9%, while in the rest of the country by 10%.
Transactions have declined, but the extent of the real estate market segmentation has increased. More and more investors decide to pool their resources in Slovenian brick.
The decline in transactions could be due simply to the lack of supply, which stemmed precisely from a strong demand that is reaching the highest historical levels. To remedy this problem, government funds have been allocated precisely to further boost the Slovenian real estate market, through the construction (by 2025) of 16,000 housing units.
Interest rates are also getting lower and this guarantees, as it is easy to understand, they have encouraged young investors to overshadow the option of signing a lease, to the advantage of a deed of sale.
It should also be remembered that since 2003, the possibility of buying property has been open to foreigners, without restrictions for EU citizens.
Even the value of housing under construction has risen sharply, on average by 10%, thanks to the general growth of Slovenia. The economy is robust and is recently opening up to the international market. Even the prospects for the following years seem more than optimistic: by 2020 a steady growth is expected at high levels.
Among the various sectors that have been included in this revolution, a driving role has been the real estate one. A nation that has managed to emerge precisely in this field, in the last period, was Slovenia. With the independence obtained in 1991, Slovenia joined both the European Union and NATO, showing a strong propensity towards foreign markets and in every area.
In fact, the Slovenian brick market has seen exponential growth in house prices, the fastest in Europe. The strong increases, however, instead of discouraging potential investors, have increased their purchasing capacity, surprising and disproving all sorts of economic and social forecasts.
The national index of house prices has increased in percentage terms by 15.5% already in the last quarter of last year. In the same period, the neighboring countries failed to exceed 4%. More precisely, in the capital, Ljubljana, the price index for homes but also for apartments of old construction, increased by 9%, while in the rest of the country by 10%.
Transactions have declined, but the extent of the real estate market segmentation has increased. More and more investors decide to pool their resources in Slovenian brick.
The decline in transactions could be due simply to the lack of supply, which stemmed precisely from a strong demand that is reaching the highest historical levels. To remedy this problem, government funds have been allocated precisely to further boost the Slovenian real estate market, through the construction (by 2025) of 16,000 housing units.
Interest rates are also getting lower and this guarantees, as it is easy to understand, they have encouraged young investors to overshadow the option of signing a lease, to the advantage of a deed of sale.
It should also be remembered that since 2003, the possibility of buying property has been open to foreigners, without restrictions for EU citizens.
Even the value of housing under construction has risen sharply, on average by 10%, thanks to the general growth of Slovenia. The economy is robust and is recently opening up to the international market. Even the prospects for the following years seem more than optimistic: by 2020 a steady growth is expected at high levels.
