Slovenia Property Investment News

Ambitious development planned for Slovenia's capital

Slovenia’s capital city of Ljubljana can look forward to a raft of new developments and heavy investment over the next two decades, according to its new spatial planning proposal. With a number of short-term construction projects already underway, and the recent announcement that construction of the city’s €220 million new travel centre is to start next year, the outlook for the property market in Slovenia’s capital city is looking good.

The planning proposal for Ljubljana covers the development of the city from the beginning of 2008 until 2025. It is intended to map out where projects will be located and the direction of urban expansion, and to identify the intended image of the city in 2025. Those behind this proposal are aiming to create a city that will function better socially and economically, and that has a more modern image.

The process of realising of these plans is mapped out in terms of spatial planning and the time needed for development. It will help those intending to buy an investment property in Slovenia to understand the direction the city is moving in, enabling them to recognise the up-and-coming areas before construction has even begun.

Construction on some of the short-term projects has already started and will be completed by the time Slovenia’s presidency of the EU begins in 2008. The financing of the projects will come from state, municipal and EU funding, as well as from private investors.

According to the latest reports on new projects, construction of Ljubljana’s new rail travel centre will start next year at a total cost of over €220 million. This will boost the number of rail passengers by offering a more comfortable and efficient service, and improve transport links within the capital.