While the cost of living isn’t as high as in other Croatian cities, property prices in Dubrovnik still dominate the market.
As Dubrovacki Dnevnik writes on the 4th of January, 2018, it would appear that property prices in the Pearl of the Adriatic are still at the very top of the top in the country.
According to research on property prices carried out on 158,000 active advertisements last month by the popular buy and sell website Njuškalo, results show that after two years, property prices in the Republic of Croatia have risen by 2.32 percent.
The biggest increase was recorded in the Istrian city of Pula, which rose by a considerable 11 percent, meaning the average square meter in an apartment is around 1,485 euros. Apartment prices, on the other hand, show a faster annual growth when compared to house prices and are 4.83 percent higher than they were last year, whereas house prices averaged 2.5 percent higher.
The average asking price per square meter in an apartment in Zagreb is 1,777 euros, and the average price per square meter of a house with a yard in Zagreb is 1,265 euros, according to Njuškalo’s findings.
Although apartment prices in Zagreb rose by 8.3 percent last year, while houses did so at a minimum of 0.3 percent, houses in Zagreb are currently 17 percent cheaper than they were back in 2011 and apartment prices are just 2.24 percent cheaper.
The largest annual growth in apartment prices in Zagreb was recorded in Kruge and Zapruđe, by 24 and 23 percent respectively, and in the Trešnjevka-south district where prices rose by almost 16 percent in the same month last year. The average price per square meter in an apartment in Zagreb is 1,777 euros, 512 euros more than it is per square meter of a house with a yard of some sort in the same city. The Slavonian city of Osijek stands out as a city where the average apartment price is 1.8 percent lower at just 927 euros.
At the county level, the biggest differences can be seen between the east and south of Croatia. Namely, due to the fact that it is the home of the City of Dubrovnik, Dubrovnik-Neretva County continues to take ”first place” at the top of the scale when it comes to overall property prices with an average apartment price of 2,494 euros per square meter and an average price of 2,100 euros per square meter of a house with a yard.
The lowest prices are still somewhat unsurprisingly seen in the eastern part of Croatia, where the average apartment price goes below 800 euros per square meter, and house prices don’t exceed 500 euros per square meter.
Apartment prices in Zagreb County are 36 percent lower than they are in the City of Zagreb, while house prices in Zagreb County are 43 percent lower than they are in the City of Zagreb, according to Njuškalo’s research results.