Market Focus: Ljubljana, Slovenia
Slovenia is located in central Europe, bordering Italy to the west, Austria to the north, Croatia to the south and south-east, and Hungary to the north-east. In June 1991, Slovenia split from (the former) Yugoslavia and became an independent country. It joined NATO and the European Union in 2004, adopted the euro as the legal tender in 2007 and joined the OECD in 2010.
Ljubljana, with a population of approximately 274,000 inhabitants, is the country’s capital and the political, scientific and cultural centre of Slovenia; it is the country’s most important commercial centre. Until the mid-19th Century, river transport on the Ljubljanica and Sava rivers was vital, prior to the development of railways. Nowadays, Ljubljana’s Joze Pucnik airport is the key transport hub for the country, servicing numerous European destinations.
REAL ESTATE OVERVIEW
Following a robust 2011, economic growth in Slovenia slowed and pushed the country into recession