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There are not enough apartments for so-called middle class in Ljubljana. Foto: BoBo

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People with a monthly salary of 1,500 euros are affected by the apartment deficiency the most

The apartments up to 25 percent more expensive than last year
18. July 2018 ob 11:28
Ljubljana - MMC RTV SLO

For the majority of people, who are looking to buy a real estate, the current situation on the market is alarming, because the residential real estate prices have according to the Statistical Office much more expensive than they were before.

The Statistical Office of the Republic of Slovenia (Surs) has calculated that the prices of already used apartments have, in the first quarter of 2018 in comparison to the same period of 2017, risen by 11 percent, while the prices of the brand new real estates have risen by more than 25 percent. The main reason is the lack of new housing units on the market and constantly increasing demands. Especially those with a monthly income of 1,500 euros are the ones affected by this shortage.

Where are the apartments for so-called middle class?
There is not going to be a shortage of luxury real estates in Ljubljana in the next couple of years. The problem is that there are not enough apartments for so-called middle class, according to the director of the real estate company called Metropola-In Zoran Madon.

"The majority of people, who are buying new apartments, come from the segment of people with a monthly salary between 1,000 and 1,500 euros, which means they cannot afford apartments that are in the range between 4,000 and 5,000 euros per square meter,” Madon stressed the issue of the “middle class”.

Are there enough buyers for all those luxury projects?
Are there even enough buyers in Ljubljana, that can afford high priced projects such as Luwigane or Schellenburg Palace? “My personal opinion is, that there are not enough buyers,” was clear Madon, who is certain that apartments in Ljubljana in the range up to 2,500 euros per square meter would sell like hot cakes. "Ljubljana would right now need and realistically sell from four thousand to five thousand new apartments," he added.

However, there are not enough investors that would construct apartments for the middle class. Housing Fund of the Republic of Slovenia has started planning new neighborhoods in Ljubljana, Kranj and Maribor. However, all those projects take time, sometimes even too much time if there is no collaboration between the town halls and if the contractors start complaining over every call for applications.

Maja Derčar, Radio Slovenija; translated by K. Sm.
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