Lika Region Benefits from Pandemic as Agricultural Land Prices Rise

August the 31st, 2020 – It perhaps isn’t a very common headline to read, but for the beautiful Lika region, often referred to as Croatia’s green heart, the ongoing coronavirus pandemic has actually created a little added value.

As Poslovni Dnevnik writes on the 30th of August, 2020, the global pandemic brought some positive changes to the Lika region, known for its many decades of emigration and economic troubles. Namely, the demand, sale and even the price of real estate and agricultural land jumped. Wealthier people from big cities are buying farms and similar such land, and due to financial insecurity in the city, young families are returning to their roots and to the sort of peaceful rural life the Lika region offers so readily.

Due to the outbreak of the pandemic, the Pernar family sold their Zagreb studio apartment, bought a three-storey house in Lika with a garden and orchard, and returned to their parents’ idyllic neighbourhood.

“Given the fact that we have a small child, and given that there is general insecurity about everything at the minute, we thought it was the best solution,” Ana Pernar told DNEVNIK.hr, adding that they have absolutely no regrets about the decision.

The price of land in the Lika region is rising as a result of the ongoing pandemic

Emigration has been going on in Lika for decades, and sadly this truly gorgeous area has dropped to less than 10 inhabitants per square kilometre. This was also reflected in the price of real estate. Land could be bought for one to two kuna per square metre, and now, due to higher demand, the price has risen to 15 kuna per square metre.

Real estate agent Ivan Bizanovic has sold 200 properties in the last year alone, which is a big jump compared to the annual average of 50 sales. Today in Lika, for 300 thousand kuna you can buy a house covering 300 square metres with an orchard and 3,500 square metres of land attached to it. Of particular interest are the reasons for the jump in demand during the pandemic.

“People from Zagreb, Rijeka, Zadar and Sibenik come to us, they buy smaller farms and plant a garden on those plots to have healthy food and their own production. The biggest reason is that people are afraid of going hungry,” said Bizanovic.

Land in the Lika region is also sought and bought by investors who would build glamping camps. It is a new tourist trend that offers accommodation in luxury tree houses, all while enjoying the peace and quiet of nature. In these trying times in which social distancing has sadly become the norm, the Lika region is perhaps the ideal place to be.

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