Croatian Lika Region Gains in Popularity Amid Pandemic

As Poslovni Dnevnik writes on the 24th of October, 2020, when it comes to buying real estate and other types of land, the beautiful Lika region, known as Croatia’s green heart has become fashionable. There has been a huge interest in the last few months.

Would-be buyers are seeking out and purchasing old homes, demolished rural properties and construction land, business is continuing to run and paperwork is being sorted out. It isn’t surprising, when the extremely low price of fertile agricultural land in the Lika region comes into play, which is offered at a price of just one to two kuna per square metre in some cases.

In addition to the availability cheap land, as well as houses for renovation that can be found for as little as twenty thousand euros, the increased interest in the Lika region was accelerated by the ongoing crisis, which led people to invest in the are and in the production of their own food.

It isn’t only Dalmatians in the game, lately the people of Zagreb have been fleeing to the Lika region, to whom the devastating earthquake has brought additional fear. For a hundred thousand kuna, they can quickly become the owners of beautiful houses in the mountains, in solitude, for example on the stretch from Gospic to Karlobag, with an abundance of fertile soil and forest at hand.

“I think I’m the only man in the world who wants the coronavirus pandemic to go crazy for at least another five years. Because since it arrived, the business in my real estate agency, the only one left in Lika, has been booming. For some six to seven years, I’ve been recording an increased interest of Dalmatians in buying real estate or land in the area from Otocac to Gospic, literally across the whole of Lika. But in the last few coronavirus-dominated months in my agency alone, we’ve closed about eighty sales. Dalmatians are buying agricultural land en masse, they’re attracted by the extremely low prices, and all locations are at stake. If I were to make a comparison, agricultural land is doing even better than houses and properties are,” Ivan Bizanovic, the owner of the Lika nekretnine agency, the only one in the area, and vice-president of the Real Estate Association at the Croatian Chamber of Commerce, told Slobodna Dalmacija.

In the Lika region, the first row to the river has an elevated status, much like the first row to the sea in Dalmatia has. Namely, there are no more such localities along the river Gacka, and if any are found for sale, they disappear in the blink of an eye. But even in the Gacka river’s general vicinity, the price already ranges somewhere between 20 to 35 euros per square metre, with the price of construction land ranging from five to 25 euros.

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