On the lookout for an apartment?
For those who feel the prices of apartments in Zagreb have become too high, alternatives might be found in the capital’s surrounding cities.
As Poslovni Dnevnik writes on the 4th of October, 2018, according to a survey conducted by the popular Croatian site Njuškalo on a sample of 155,000 currently active property advertisements, the prices in the Republic of Croatia are continuing to grow at an annual level. Property is more and more sought after, and there’s not only an overall rise in price to speak of, but an increase in the number of detailed property listings on Njuškalo, the number of which stood at 16 million in August this year alone.
The apartments, when compared to the same month last year, cost around 7 percent more, while houses are about 4 and a half percent more expensive.
If this is compared with 2011’s levels, apartments are roughly three and a half times cheaper, making it clear that the property market recession is very much a distant memory. When looking at the prices of apartments and houses in the largest Croatian cities, Dubrovnik is still very much in first place, where the average apartment price is 3,811 euro per square metre, while the average asking price per square metre when it comes to houses is 4,663 euro.
In Split, the average price per square metre in an apartment is 2,744 euro, and for the same measurement when it comes to houses, the average is about 2,900 euro. In Split, the price of apartment square metres increased on average by 13 percent in one year.
In Croatia’s capital city, Zagreb, the average house price is 33 percent more favourable than apartment square metres are, amount to about 1,279 euro. The demand for housing in Zagreb has risen 10 percent year-on-year. Interestingly, the Dalmatian city of Zadar has recorded 12 percent annual growth in the sector of apartment prices, and the current average asking price per square metre stands at 2,075 euro.
Looking at the distribution of prices by city, it’s fairly evident that at the top cities are those located along the coast, along with the City of Zagreb, while in the lower half lie cities located in Eastern Croatia. Thus, for example, the average price per square metre for an apartment in Slavonski Brod is 794 euro, while for a house, the approximate price is currently 640 euro. Somewhat more favourable are Požega and Vinkovci, where the average price per apartment square metre is about 750 euro, while the average price for the same but for a house is slightly more than 530 euro per square metre.
For those who now feel that the prices per square metre in Zagreb have become too high, realistic alternatives could be found in the capital’s numerous surrounding towns. For example, the average price per square metre for an apartment in Zaprešić is 1,204 euro, while in Velika Gorica, the price for the same is about 1,200 euro.
In Pula, apartment prices have recorded a growth of 9 percent, reacheding 12 percent a few months ago. It is also interesting that for the very first time since 2012, Osijek managed to record a 2 percent increase in apartment prices.