It doesn’t come as much of a surprise…
Thinking of moving? If the allure of Southern Dalmatia is on your radar, you’d better have some deep pockets…
As Marija Crnjak/Poslovni Dnevnik writes on the 17th of September, 2018, for the first time in history, citizens are now able to gain a much clearer insight into the ins and outs (and indeed ups and downs) of the property market, and today, on the website of the Institute of Economics, Marina Tkalec, one of the authors, has presented the publication “The Property Market of the Republic of Croatia 2012-2017”.
It has been shown that here in Croatia, over a five year period, just over half a million transactions have been completed, of which the majority are with regard to agricultural land, with apartments and flats coming in second place, although transactions for apartments are responsible for the largest turnover by far.
The total value of such transactions last year stood at a massive 27.8 billion kuna, a whole five billion kuna more than was recorded five years earlier.
The most expensive apartments are of course located in the extreme southe of Dalmatia, in Dubrovnik-Neretva County, and the lowest prices were in Eastern Croatia, in Vukovar-Srijem County.
The highest prices were those in properties in counties by the sea, and when it comes to Zagreb, the most expensive apartments were those in the centre, in Trnje, in Maksimir, and in Črnomerec. The data showcased considerably large differences in property value in different parts of the country, meaning that for one square metre in a house in Dubrovnik, you could potentially buy up to eighteen square metres in a house located in Požega-Slavonia County.
Price analysis has shown a dramatic fall in property value in the eastern, continental part of the country, particularly in Slavonia, and the favouring of tourism activities in relation to all the others has had its effect on prices in other locations. It appears that property prices are rising with the rise in overnight stays made by tourists.