Housing Prices Rise Driven by New Construction and Increased Demand
Across the region, housing prices are experiencing a sustained increase, largely attributed to a combination of factors including rising new construction and increased buyer confidence. Over the past three months, the market has seen a total increase of 6.9% in new construction costs. Specifically, new apartment prices have risen by 7.3%, while new house prices have increased by 5%.
Danijel Lovšin, a representative from Casabela Real Estate, attributed the rise to several key elements. “The lack of readily available real estate is a significant driver of increased prices,” he stated. “Furthermore, a growing number of individuals are utilizing mortgage loans, supported by slightly improved interest rates compared to recent years.”
The impact on the used real estate market is less pronounced, with overall price increases at 2.3%.
Used houses have seen a rise of 0.9%, and apartments have increased by 3.2%. It’s important to note that these figures vary considerably across different regions. The overall trend reflects a dynamic market influenced by supply and demand, with ongoing developments impacting the cost of new homes and apartments.
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