Out of the largest towns in Croatia, the largest decline in real estate value is seen in Vukovar, a 10 percent reduction, and Bjelovar with 9 percent at an annual level
A new poll by the advertising service Njuškalo, sampled from 164 thousand active adverts in April of 2017, has shown a minor increase of 1 percent at an annual level, with a stagnation compared to March. The real estate market in Croatia shows no real signs of recovery, as real estate value is 7 percent lower than the same month of 2011. Between the largest towns in Croatia, apartment prices are on the rise in Split, Zagreb and Zadar. Rijeka is also experiencing a minor recovery of apartment prices, while the opposite is true for Osijek, 24sata.hr reported on May 9, 2017.
In April, the highest value of real estate in towns, not including their surroundings, was found in the coastal towns of Dubrovnik, Split and Zadar. The lowest average real estate price is in Vukovar, where a square metre costs 425 euros. Out of the largest towns in Croatia, the largest decline in real estate value in seen in Vukovar, with a 10 percent reduction, and Bjelovar with 9 percent at an annual level.
The Novi Zagreb-West area of the capital saw a 12 percent rise compared to last year, placing it among the 10 most expensive neighbourhoods in Zagreb. The highest prices are still in the Gornji Grad-Medveščak area, followed by Donji Grad, Maksimir, Podsljeme, Trnje and Trešnjevka-north. The only city area with a price decline is Brezovica.
The most expensive price per square metre can be found in the Dolac area at 3.121 euros and the cheapest in Resnik at 800 euros. The best buy price in Zagreb is 1.300 euros per square metre, with plenty of real estate found at that price. The largest offer of most sought after apartments (60-70 square metres and 1.300 euro price) can be found in Trešnjevka, Špansko, Maksimir, Črnomerec, Jarun, Stenjevec, Malešnica, Rudeš, Dugave and Vrapče.
A large amount of searches for holiday homes was registered in April, the most expensive of them found in the Dubrovnik-Neretva County. The average age of apartments is nine years, while most weekend homes were built in the 1980s. An apartment in the Dubrovnik-Neretva County costs an average of 2.365 euros, while the holiday home average is 1.738 euros.
