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A9Analysis · Slovenia

The media and the property market

The property market is growing and the media write about it less. Coverage is set off by the state and GURS, not the market, and mostly relays what others said: for every article presented as the outlet's own work there are 25 that carry the state or official statistics.

Data frozen on 2026-10-13. · dafe4d94313a

The study counts articles from Slovenian web media from December 2023 to September 2026, 1,373,091 articles from the 170 outlets that published every month. An article is "about real estate" if its title says so. No text is read: everything below is counts of titles and first lines.

There are two questions. Does coverage follow the market? And do the media only relay official sources, or do they look into the market themselves?

How much they write

On average 4.1 in 1,000 articles are about real estate, 5,617 in all. August is the lowest month every year (2.4 against 4.2 in other months): the country is on holiday, and the media and the market with it.

The share of real-estate articles by month Real-estate articles per 1,000 articles; August in grey.

A real-estate article: the title mentions real estate, flat prices, buying or renting a flat, housing policy, housing construction, loans or the tax (fires, break-ins and accidents excluded). A share within the 170 outlets that published in every month. No text is read.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

What sets coverage off

The four highest weekly peaks are Croatia's property tax, GURS's trial value calculation, the government's tax proposal and GURS's new generalised values. None of them is a market event.

Coverage by week Real-estate articles per 1,000 articles, with the four highest peaks.

Peaks are labelled with the event that dominated that week's titles. The week of 13–21 September 2025 is missing: the collector was down.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

What they write about

Most about the market and prices and about renting, least about loans: in the last twelve months 580 articles on the market and 433 on renting against 50 on loans. Pick a topic.

Topics by month Articles on the chosen topic a month; an article can be in several topics.

Topics overlap: 'affordable housing construction' counts under construction and under policy.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

The market grows, coverage falls

The last twelve months against the first twelve: the share of real-estate articles −17%, the median flat price per m² +13%, sales +14%, new mortgages +67%.

The rate on new mortgages fell from 3.96% to 2.80%, yet loans are the subject of only 2.5% of real-estate articles. HICP rents rose 4% to March 2026 and then 11% in one month (the non-profit rent decree); there were 433 articles on renting in the last year and 453 in the first. Pick a series.

The market and the coverage Above, the chosen market series; below, the articles that concern it; three-month rolling mean.

Price: the median €/m² of clean flat sales. Sales to June 2026, when the register is complete. Loans: ECB MIR, Slovenia. Below: the articles that concern the series (on loans for loans, on renting for rents).

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

Coverage does not follow the market

With the season removed and monthly changes compared, no market series tracks coverage. The closest are consumer confidence (r = 0.42) and the mortgage rate (0.26), both weak; with nine tests one or two such are expected by chance. Prices (−0.17) and sales (0.11) show nothing.

Does coverage follow the market Correlation of monthly changes, season removed, with a 95% interval.

Month-on-month changes with the season removed (divided by the mean of the same calendar month). 95% interval, bootstrap with four-month blocks. Nine tests: one or two weak 'hits' are expected by chance.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

Who writes

Finance and Cekin write about real estate 7.6 times as often as the average. Both specialise in business and personal finance.

Who writes about real estate Real-estate articles per 1,000 of the outlet's articles, the top 20.

All outlets with at least 3,000 articles, not only the steady panel. Finance and Cekin specialise in business and personal finance.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

The property tax

The tax set off the most coverage. In December 2024 and January 2025 there were 228 articles about it, 44% of all real-estate articles in those two months.

The property tax Tax articles a week (red) and other real-estate articles (grey).

A tax article: the title mentions a tax or taxation together with real estate or a flat.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

Part two: relay or investigate?

Who the source is

Real-estate articles were classed by whom the title or lead names. 40% name the state (the government, a ministry, parliament, a law, a municipality, a fund), 7.7% the market (agencies, banks, investors), 6.2% official statistics. 1.8% carry a marker of the outlet's own work ("we checked", "we calculated", "we reveal"), 102 of 5,617 articles. For each of those there are 25 relaying the state or the statistics. Almost half (49%) name none of these.

Whom the articles name Share of real-estate articles by the source in the title or lead; classes overlap.

The source is the one the title or lead names. Own work: the title or lead says 'checked', 'calculated', 'we reveal' and the like. It is a floor: an investigation that does not announce itself in its first lines is not counted. Classes overlap.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

Sources by topic Share of a topic's articles naming the state, statistics or the outlet's own work.

The source is the one the title or lead names. Own work: the title or lead says 'checked', 'calculated', 'we reveal' and the like. It is a floor: an investigation that does not announce itself in its first lines is not counted. Classes overlap.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

On the day a statistic is released

On a day SURS or GURS publishes price data (18 such days), there are 5.5 times as many price articles as on an average day. Even without the articles that name the statistic, other price articles run 2.8 times the average. By the second day coverage is back to average (1.0 times), with no second wave in the two weeks after.

Price coverage around a statistics release Price articles a day, averaged over SURS and GURS release days, from 7 days before to 14 days after.

A release day: at least three price articles name SURS, GURS, BS or Eurostat in the title or lead. Dark: articles naming the statistic; light: other price articles.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

Own work by outlet

No outlet with 80 or more real-estate articles marks its own work in more than 6.2% of them (zurnal24.si). STA 0.6%, Delo 1.3%, Finance 3.6%. The own work that exists is often a data piece on public statistics, not field reporting.

Own work and the state by outlet Outlets with 80 or more real-estate articles.

Outlets with at least 80 real-estate articles. Own work is a floor; paywalled and print investigations are under-represented in the feed.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

The same title in several outlets

12% of articles share an identical title with another outlet's article, and 61% of those titles were also on STA. A rewritten wire story with a new title is not counted here, so this is a floor.

In how many outlets the same title appears Share of real-estate articles by the number of outlets carrying an identical title.

Only an identical title counts: a rewritten wire story with a new title counts as its own, so the share is a floor.

Source: a feed of Slovenian web media, ETN, ECB, Eurostat · bloki.si

The answer: mostly relaying

Real-estate coverage is set off by the state and GURS, not the market, and it arrives on the day a statistic is released and is gone two days later. Own work that announces itself in the first lines is rare. This is a floor, not a census: an investigation that does not say so in its title or lead is invisible to a count, so the claim is "rarely", not "never".

§ How it is calculated

A real-estate article is one whose title matches one of six topics (market and prices, renting, housing policy, the tax, housing construction, loans) or contains "nepremičnin" or "stanovanjsk". Fires, break-ins, accidents and floods at a family house and war news are excluded. "Stanovanj" alone is not enough: on its own it is mostly crime news.

A share, not a count. The feed loses outlets, so the share is taken within the 170 outlets that published in every month. The outlet charts use all outlets.

The market. Prices and sales from the real-estate transaction register (sales to June 2026, when the register is complete), loans and rates from the ECB, rents from the HICP. ETN rents are not used, because from 2025 only a sixth of new leases are filed.

Comparisons. Monthly changes divided by the mean of the same calendar month, with intervals from a bootstrap with four-month blocks.

Sources and own work are read from the title and lead. Own work is a floor. A release day is a day with at least three price articles naming official statistics.

What this cannot say. No text is read. The feed is a list of web sources, mostly front pages: paywalled and print investigations are under-represented. 34 months describe and do not prove. One week of September 2025 is missing because the collector was down; shares are unaffected. The market series are national, local stories local.

Can the Bloki server answer questions like these?

The server does not read the media. It answers about the market they write about, from the registers, the same day and for every municipality.

  • Yes

    What is happening on the market in my town right now?

    Asking prices and rents today, how much is sold and let, and the price index, all with their n.

    asking_pricesmarket_activityprice_index

  • Yes

    How far are the new GURS values from prices?

    The ratio of price to generalised value by year and municipality, with its dispersion, and one property's value.

    valuation_baseget_property

  • Partly

    Is the price in the news a 'record'?

    It shows the distribution of registered sales in the area; it finds a single sale only if you know the property.

    market_statsproperty_history

  • No

    What do the media write about my neighbourhood?

    The server neither holds nor reads the media. This article comes from a separate feed, counted without reading the text.

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