Total Area: 20,256 km²
GDP (in billion USD): 50
Slovenia, officially the Republic of Slovenia, is a nation state situated in Central Europe at the crossroad of main European cultural and trade routes.
Slovenia's property market remains in deep trouble, as recession looms and political uncertainty continues. House prices are falling. Transactions are low. Construction activity remains down.
During the year to end-Q4 2012, the nationwide house price index plunged by 8.83% (-11.12% inflation-adjusted), the deepest year-on-year decline since Q3 2009, based on figures from the Statistical Office of the Republic of Slovenia. During the latest quarter, house prices dropped 3.54% (-4.42% inflation-adjusted).
Slovenia's property market is expected to remain depressed in 2013, as economic conditions worsen. GDP declined by 2.3% in 2012, amidst weakening investment, rising unemployment and faltering domestic consumption. The economy is projected to contract by another 2% in 2013, according to the European Commission.