Kranjska Gora

Investment summary

At a 2025 median of approximately €4,200–4,530/m², Kranjska Gora sits meaningfully below comparable Austrian and Italian ski resorts yet offers documented five-year price growth exceeding 70% for apartments — the highest in Slovenia — supported by structurally constrained supply within a protected national park corridor. The baseline investment case rests on a realistic gross STR yield of 4–5%, moderate annual occupancy of ~48% driven by a pronounced winter peak (World Cup weekends, school holidays) and a growing summer outdoor season, netting roughly 2.9–3.1% after operating costs and the flat 25% rental income tax. The upside scenario is grounded in continued tourism growth (overnight stays up 16% over three years), expanding non-ski demand, and Slovenia's EU/Eurozone stability attracting an increasing share of Austrian, German, and Italian second-home buyers; premium chalets with ski-in access can yield materially higher ADRs and occupancy. Investors should account for meaningful seasonality risk, limited long-term rental depth in a village of 1,500, and a CGT rate starting at 27.5% that declines to zero after 20 years — structuring around a medium-to-long holding horizon best captures both income and capital appreciation.