Total Value of Real Estate in Slovenia Estimated at EUR 140BN
Ljubljana, 28 December (STA) - An estimate issued by the Surveying and
Mapping Authority (GURS) on Wednesday on the basis of the first property
census in Slovenia's history put the total market value of real estate in
the country at EUR 140bn.
The figure, considering the market situation as on 1 July 2010, has been
lowered from the EUR 160bn test estimate released in October last year and
takes into account the proposals for reevaluations that owners were able to
file only until now.
Based on the census carried out between 2006 and
2009, presumably as part of plans for a real estate tax that appear to be
shelved for now, the data - owner and estimated value - is publicly
available on the internet.
Dusan Mitrovic of GURS explained for the
press that houses account for the largest share of the total value, around
36%, and are followed by apartments, public buildings and other
property.
He added that houses also contributed the most to the
lowering of the total estimate, as their value went down from EUR 60bn to
EUR 50bn after the reevaluation.
The relative changes were largest
with farm and forest plots, where the most complaints were filed and
appraisal models were adjusted as a result.
GURS plans to look at the
changes on the market now, indexation will however only follow if the
established value difference exceeds 10%.
Mitrovic believes the
change between July 2010 and 1 January 2012 will not exceed 10%, but does
not exclude this possibility in the future. The entire appraisal procedure
will be repeated every four years, while indexation will be carried out
in-between.
Like in autumn 2010, owners of real estate are also
expected to be notified of the value of their property by post. However,
GURS head Ales Seliskar said that the operation, costing EUR 500,000,
remains uncertain as funds have not been secured yet.
The census cost
EUR 111m, while another EUR 4.5m was spent on the appraisal. The
notification of owners accounted for the bulk of the latter figure, EUR
2.6m.
Some 550,000 houses, 300,000 apartments, 380,000 farm
buildings, 30,000 industrial buildings, 80,000 bars and offices, 1.7m
forest plots and around 3 million farm plots are registered in
Slovenia.
The total number of pieces of property is around 6.1m,
1.16m of which are buildings. The number of owners is 1.17m.
