Comparative Analysis of Prices for Secondary Housing in Ljubljana and Maribor

The greatest demand is for 1- and 2-bedroom apartments. The duration of apartment exposure varies from one week to several months, depending on the quality of housing. The main reason for buying, as a rule, is to solve the housing problem. According to local realtors, investments in secondary real estate for the purpose of its subsequent leasing are less than in the pre-crisis years.

When choosing a housing, buyers pay special attention to the energy efficiency of the object and the amount of future costs for utilities.

Over the past two years, an average price for secondary housing in Ljubljana has grown by a quarter. Maribor and the Styria region also feature a steady growth in prices and an increase in demand even though not too fast ones. If a 1-room apartment on the secondary market in Ljubljana will cost about 120 thousand euros, in Maribor a similar object will cost twice as cheap. The reason is quite obvious—the location. Residents of the capital can enjoy more services, a bigger number of educational institutions, and a higher standard of living. According to realtors, over the past six months, apartments in the secondary market of Ljubljana have risen in price by 5–10%, and in the secondary market of Maribor—by 3–5%.

An average price for 1 m2 of secondary housing in Ljubljana is 2,310 EUR, and in Maribor—1,120 EUR. In the centre of Ljubljana, similar housing costs an average of 2,500 EUR per 1 m2, and in the centre of Maribor—1,450 EUR per 1 m2. This is evidenced by the latest published data of the Department of Geodesy. For comparison, in 2015, when prices reached the minimum values, 1 m2 of housing in Ljubljana cost about 2,000 EUR, and 1 m2 of housing in Maribor—about 1,000 EUR.

In both cities, the demand for secondary housing significantly exceeds the supply. At the same time, realtors note that the trend of price growth will continue until there is a new offer on the market. According to their forecasts, in the next two years, given the small number of new buildings, this situation will remain unchanged. The rise in prices may slow down only if the credit policy of banks changes, experts note.