Real Estate - Slovenia | Statista Market Forecast

The Real Estate market market in Slovenia is projected to reach a value of US$347.40bn in 2024.
The residential segment dominates the market with a projected market volume of US$279.60bn in the same year.
This segment is expected to grow at an annual rate of 4.74% from 2024 to 2029, resulting in a market volume of US$437.90bn by 2029.
When compared globally, United States is expected to generate the highest value in the Real Estate market market, reaching US$132.0tn in 2024.
Slovenia's real estate market is experiencing a surge in demand for properties in the picturesque coastal town of Piran.

Definition:

The real estate market refers to the transaction of properties, including residential properties (such as houses and apartments) and commercial properties, such as office buildings and industrial properties. Apart from property sales, this market includes leases and the value of real estate.

Structure:

The real estate market comprises residential and commercial real estate. The residential real estate market covers real estate transactions and leases, and residential real estate leases are divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and real estate renters as well.

Residential real estate (houses and apartments)
Commercial real estate (office buildings, retail spaces, warehouses, industrial properties)

Real estate agencies
Construction companies
Accommodation services, such as Airbnb
Commercial real estate leases and transactions
Publicly owned buildings used by the local government
Buildings used for public health care services

The Real Estate market in Slovenia is experiencing steady growth and development, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Slovenian Real Estate market have been influenced by a desire for modern and energy-efficient properties. Buyers and investors are increasingly seeking properties that are equipped with sustainable features such as solar panels, energy-efficient appliances, and smart home technology. Additionally, there is a growing demand for properties located in urban areas that offer convenient access to amenities such as schools, shopping centers, and public transportation. Trends in the Slovenian Real Estate market show a shift towards urbanization, with more people opting to live in cities rather than rural areas. This trend is driven by factors such as the availability of job opportunities, better infrastructure, and a wider range of services and amenities. As a result, there has been an increase in the construction of residential and commercial properties in urban areas, leading to a higher demand for real estate in these locations. Local special circumstances in Slovenia, such as the country's strategic location and natural beauty, have also contributed to the development of the Real Estate market. Slovenia is situated in the heart of Europe, making it an attractive destination for international investors and buyers looking to establish a presence in the European market. Additionally, the country's stunning landscapes, including the Julian Alps and the Adriatic Sea, have made it a popular destination for tourists and second-home buyers. Underlying macroeconomic factors have played a significant role in the growth of the Real Estate market in Slovenia. The country has experienced stable economic growth and low inflation rates, creating a favorable environment for investment in real estate. Furthermore, low interest rates have made it more affordable for individuals and businesses to borrow money for property purchases and development projects. In conclusion, the Real Estate market in Slovenia is witnessing a positive development due to customer preferences for modern and energy-efficient properties, the trend towards urbanization, local special circumstances such as the country's strategic location and natural beauty, and underlying macroeconomic factors such as stable economic growth and low interest rates. These factors are expected to continue driving the growth of the Slovenian Real Estate market in the foreseeable future.

Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

The global housing market has slowed amid high inflation and soaring borrowing costs. Homeownership is one of the most universal signs of success and prosperity: It serves both as a source of stable and secure housing and a long-term investment. After the global financial crisis, property prices rose in many countries and especially in advanced economies. For more than a decade after that, the housing market has been on an upward trajectory, culminating in the housing boom during the COVID-19 pandemic. However, housing shortages in highly competitive markets, the recent rapid house price growth, soaring inflation, and consequently, some of the highest mortgage interest rates recorded in the past 10 years have led to the market cooling.

Japan is a country with very limited space for buildings, as mountains make up about three-quarters of its landmass. The country’s fairly large population is concentrated in major cities. The metropolitan area of Tokyo, home to a staggering one-third of the population, is the center of economic and political activity. As such, it boasts the highest property prices across the country. Driven by the weak yen, a tourism boom, and global investment, property and land prices surged in 2023 and 2024. Even some rural regions, which are generally confronted with economic stagnation and depopulation tendencies, have been affected by this trend.

The real estate market all around the world has been affected by the global pandemic. This historic event has changed the way we live, consume, and work. The real estate market in the Asia-Pacific region has experienced some turbulent and diverse changes depending on the sector, property type, and location. The commercial real estate segment, which includes offices, retail outlets, logistics centers, and many more, had to adapt to new conditions and demands. Furthermore, residential real estate suffered decreases in rental and capital values in some areas, with the exception of prime real estate, which experienced healthy growth in most locations.

Soaring inflation and aggressive mortgage interest rate hikes cooled the European housing market after a nearly decade-long period of growth. Since 2015, house prices in the European Union have grown by about 50 percent. When inflation in Europe started to rise at an alarming rate in 2021, the European Central Bank increased interest rates, resulting in substantially higher mortgage interest rates and a decline in homebuying. But how important is homeownership for Europeans?

Real Estate - Slovenia

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Volume

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