The Cost of Housing Slightly Increases in Maribor

The residential real estate market of Maribor is gradually returning to the pre-crisis indicators of 2008. In view of the almost complete absence of new buildings, there is a growing demand for secondary business and economy class housing. The growth in demand and the limited supply on the secondary market cause a further slight rise in prices for housing in 2018.

According to experts, today the prices in Maribor fluctuate from 950 to 1,350 EUR per 1 sq. m., depending on the location and quality of housing. At the same time, they note that the prices for apartments in Maribor are still practically 2–2.5 times cheaper than in Ljubljana (we are talking about the secondary market). According to the data for the second quarter of 2017, an average cost per 1 sq. m. of housing in Slovenia is 1,580 EUR.

Buyers of apartments in Maribor require more comfort and convenience while trying to reduce the starting prices, emphasizes Danijel Grabrovec, a realtor from the Idejum Agency. The most in-demand areas are the historical centre of the city and the Tabor District, which witnessed the most rapid price increase (by more than a third) up to 1,500 EUR per 1 sq. m. in 2014–2017. An average apartment price in these areas in August–November 2017 was 1,295 EUR per 1 sq. m (in the same period of 2016, it was 1,075 EUR per 1 sq. m.; the price grew by 19%).

A slightly more modest rise in prices for housing (10%) is recorded in the Nova Vas District. In August–November 2017, an average price per square metre was 1,131 EUR. In August–November 2017, an average apartment price in the Pobrežje District was 1,099 EUR per 1 sq. m (in the same period of 2016, it was 902 EUR per 1 sq. m.; the price grew by 17%). The most affordable prices in the city remain in the Tezno District, in which an average cost of apartments in August–November 2017 was 967 EUR per 1 sq. m.

Sources: rts24.simaribor24.simariborinfo.com