Property Prices in Croatia Continue to Grow

Lauren Simmonds

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Thinking of buying or selling?

As Poslovni Dnevnik writes on the 14th of August, 2018, according to a survey conducted by the popular Croatian site Njuškalo on a sample of 156,000 active property advertisements, prices in Croatia are growing on a yearly level, and now they are up by 4 percent when compared to the price they were at the same period last year.

When it comes to flats/apartments, if we compare the current data with data collected from the same month last year, cost 6 and a half percent more, while houses are more than 4 percent higher. The news is that prices in July this year exceeded those from 2011, which can lead one to the conclusion that the crisis within the property sector in Croatia is a distant memory, and that the country may face a real price ”boom” in the near future.

Looking at the counties in which property is most searched for, the City of Zagreb takes first place, and immediately behind it lie Split-Dalmatia County, Primorje-Gorski Kotar County, and Zadar County.

House prices in the largest Croatian cities have recorded a very rapid growth over the past year. Thus, in Zagreb, the current average price per square metre in an apartment is 1,873 euro, 9 per cent higher than it was when compared to the same period last year. The biggest annual increase in apartment prices in Croatia, as expected, was recorded in Dubrovnik. In Croatia’s southernmost city, the average asking price for an apartment is 3,664 euro per square metre, a considerable 18 percent higher than was recorded just last year. The average house price in Dubrovnik grew by 4 percent year-on-year, and currently stands at 4,684 euro per square metre.

Looking at other cities, it’s somewhat interesting to note an increase the price of apartments in Split, which has risen by 11 percent, and in Pula, with an increase of almost 12 percent. The average asking price for an apartment in Split is 2,665 euro per square metre, while in Pula it stands at 1.570 euro per square metre. Osijek is still one of the cities where property prices have remained stagnant, and in July this year, the average asking price was 942 euro per square metre.

Square metres when it comes to flats and apartments in Croatia are a massive 38 percent more expensive than the same measurement in houses. In Zagreb, the price per square metre in houses recorded an increase of only 1 percent annually, while prices in Osijek and Zadar have remained at last year’s level. The largest annual growth in house prices in Croatia in bigger cities was recorded in Split, amounting to 13 percent higher.

The average asking price per square metre in an apartment in Zadar is 2,027 euro, which represents a significant 11 percent hike when compared to last year, while the average price for the same but in a house is stagnating to 1,485 euro.

As a rule, real estate prices along the coast and in Zagreb are naturally higher, while Slavonia boasts some of the lowest property prices. For example, in Slavonski Brod, the average price per square metre in an apartment is just 801 euro, while the average price in regard to the same but in a house is just 643 euro. Vinkovci is another eye-opener, in Vinkovic, you’ll need to allocate just 710 euro per square metre in an apartment.

Of the larger Croatian cities, Dubrovnik and Split are the only cities where you’ll pay more per square metre in a house than you will for the same in an apartment or flat.


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