Search for properties: View more properties: Property in Slovenia Slovenia is an area from the former state of Yugoslavia north of Croatia. Map - click here Slovenia, with its historical ties to Western Europe, enjoys a GDP per capita substantially higher than that of the other transitioning economies of Central Europe. In March 2004, Slovenia became the first transition country to graduate from borrower status to donor partner at the World Bank. Privatization of the economy proceeded at an accelerated pace in 2002-04. Despite lackluster performance in Europe in 2001-04, Slovenia maintained moderate growth. Structural reforms to improve the business environment have allowed for greater foreign participation in Slovenia's economy and have helped to lower unemployment. Further measures to curb inflation are still needed. Corruption and the high degree of coordination between government, business, and central bank policy were issues of concern in the run-up to Slovenia's 1 May 2004 accession to the European Union. In mid-2004 Slovenia agreed to adopt the euro by 2007 and, therefore, must keep its debt levels, budget deficits, interest rates, and inflation levels within the EU's Maastrict criteria. More than 500 foreigners have purchased real estate after Slovenia joined the EU, according to the data from Slovenia's Tax Administration (DURS). The properties, especially in the NE Pomurje region, at the coast and in the NW Gorenjska region, are mainly being bought by the British. Foreigners are in particular interested in real estate in the coastal municipality of Koper (164 purchases since May 2004), and Murska Sobota in the northeast (150). These are followed by the NW municipality of Kranj (90) and Nova Gorica in the west (77), Sebastjan Vehar of the real estate agency Property said on Monday, 19 September at the first Slovenian property conference in Portoroz. About 29% of the 500 properties were purchased by the British, while the Italians bought 24%, the Austrians 18% and Germans 15%. This increase is the result of articles and TV shows about Slovenia as well as low property prices in the country, Vehar added. According to him, properties in Pomurje are in greatest demand, with buyers coming mostly from Great Britain, Germany and Austria. The prices vary between SIT 5m (EUR 20,870) and SIT 27m (EUR 112,700). Properties at the coast are mostly purchased by Germans and Austrians who have been visiting Slovenia for several years. In Gorenjska, 70% of all properties in Kranjska Gora, Bohinj and Bled are purchased by foreign buyers, mainly from Britain and Ireland. In 2005, property prices in this region increased by 10% to 30% due to quick development. With the current minimum price at about SIT 24m (EUR 100,180), further hikes are expected. In Ljubljana, prices ranged from EUR 1,870 for three-room apartments to EUR 2,500 for studio apartments in June. Prices in towns and villages around Ljubljana are about 30% lower. Land prices in Ljubljana have been rising at a similar rate, averaging EUR 215 per sq. metre in June. Around the capital, prices have climbed by about 32% over the past year to about EUR 86 per sq. metre. Houses