The Slovenian real estate market saw a notable shift in the first half of 2025, reversing a three-year decline in activity involving residential properties and land for housing construction. According to the latest mid-year report from the Geodetic Administration of the Republic of Slovenia (GURS), property prices continued to rise despite the renewed increase in completed sales.
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Transaction Activity Rises Sharply
Compared to the second half of 2024:
- Sales of apartments in multi-residential buildings increased by approx. 30%
- Sales of single-family homes rose by about 20%
- Completed transactions for building plots also grew, though slightly less than for houses
This rapid rise came as a surprise following years of muted market activity. GURS attributes the shift to stronger, financially capable demand, influenced primarily by:
- A significant decline in fixed mortgage interest rates since mid-last-year
- High employment levels
- Real wage growth
However, GURS notes that only the second half of 2025 will reveal whether this marks a true long-term recovery or merely temporary momentum.
Prices Reach New Highs
After signs of stabilization in mid-2023, Slovenian residential property and building-plot prices have continued to climb steadily—typically 3–5% per half-year.
By mid-2025, prices hit new peaks across much of the country.
- The median price for a resale apartment in a multi-unit building exceeded €3,000 per m² nationwide for the first time.
- In Ljubljana, the country’s most expensive market, average resale apartment prices nearly reached €4,900 per m².
Regional Price Growth
- Highest growth (~10%):
- Ljubljana’s surrounding municipalities
- Maribor
- Kranj
- Ljubljana & Celje: approx. +5%
- Predominantly rural areas: below-average increases
Structural Market Pressures
Demand continues to exceed supply, keeping pressure on prices. Limited construction is driven largely by:
- A shortage of suitable building plots in Slovenia’s largest cities
- Lengthy administrative processes for major housing developments
- Rising construction costs
These conditions restrict supply and contribute to persistent price growth.
GURS expects no major market-trend changes in the near future. Prices for housing and building land are expected to remain elevated under current conditions.
Source: Geodetic Administration of the Republic of Slovenia (GURS)
