Innovative land & property investments
Slovenia Property Investment News
Growth of retail sector continues in Ljubljana, Slovenia
The growth of the retail sector in Slovenia’s capital city Ljubljana continues, with the latest multi-million euro retail area opening in the last few days. The area is an extension of an existing shopping complex, which is enjoying a good year with a sizeable year-on-year increase in revenue in the first half of 2007. This comes as Ljubljana is highlighted for its attractiveness and retail sales potential in a GfK GeoMarketing report on retail conditions throughout Europe.
Ljubljana’s Citypark retail complex, the site of the recent development, was already Ljubljana’s largest shopping mall. This extension means that the complex has an extra 3,700 sq. m. of space, at a total cost of €23 million. It is predicted that the extension will mean a 9 – 10% increase in turnover for Citypark, as well as creating jobs for the people of Ljubljana. Citypark increased its revenue for the first half of this year by 8% on the same period of last year – a total of €89 million. One of the traditional drivers of rising property prices in a city is an influx of companies opening up branches, as this leads directly to population growth and higher wages. Ljubljana is already the most popular area of Slovenia with property investors, and the highest capital growth levels reported in the country, of up to 30%, were seen here.
In its report carried out earlier this year, GfK GeoMarketing (one of Europe’s largest geomarketing firms) found that Ljubljana has the most shopping centre space per person of any city in Europe, followed by the Czech Republic, Poland and Lithuania. According to the company, this is a good measure of a city’s attractiveness and retail sales potential.
Since its accession into the EU in 2004, Slovenia has been tipped as a prime destination for investment. The country made it into the top ten best overseas investment destinations worldwide, chosen for overseas property programme ‘A Place in the Sun’, with estimated returns of 278% between 2006 and 2016. Its capital city has been likened to Prague, for its similar architectural feel and its potential as a weekend break destination.
Related items
Documents and Reports
 |
Slovenia property investment report (427Kb) |
Recent articles
Investors drawn to eastern Europe
Slovenia recommended to property investors
Ambitious development planned for Slovenia's capital
Bullish report on Slovenia set to boost property market
Other related pages
Bookmark with: |
What are these? |
|
|||||||||||||||||||||||||||||||||