As Novac/Korlana Sutlic writes on the 26th of February, 2019, Središće, a popular neighbourhood in Novi Zagreb often referred to as Bundek, in reference to the well-frequented Zagreb lake and park, has recently gained the status of the most desirable neighbourhood in Novi Zagreb. By reaching this level of popularity, when looking at the demand for flats, it is now ranked alongside Vrbani III, Trešnjevka and Trnje.
The very first jump in demand for quality apartments in Središće came after Bundek park was done up and after RIT Croatia (Rochester Institute of Technology Croatia) was opened in the area, and then the demand grew a bit more after the completion of the American International School in Zagreb (AISZ) just several months ago.
The popularity of the neighbourhood has also contributed to the birth of the recent construction of some new residential buildings, which are part of the Središće area. The biggest demand is for smaller quality three-bedroom and smaller four-room apartments, ranging between 60 and 90 square metres in size, the price of which is not greater than 200,000 euros. The market prices are high, some even reaching up to 3,000 euros for a well-equipped apartment.
The Središće area of Novi Zagreb boasts a great many amenities and ease of access to them. Along with the American Educational Institution and Bundek park, it is located near the Avenue Mall, the neighbourhood is also home to the Museum of Contemporary Art near the Hippodrome, and even has a hypermarket. One of Croatia’s best private kindergartens is located at Bundek Centre, and it’s also worth mentioning that Središće’s close proximity to the very heart of Zagreb is something else that earns the area brownie points.
”All this contributes to its value,” says Boro Vujović, the director of the Operta property agency.
Even the very name Središće speaks volumes to Croatian speakers, for non-Croatian speakers, the name indicates that it is centrally positioned in Novi Zagreb, while only Mladosti bridge (Most mladosti) and the river separate it from the wider city centre, according to Sergio Serdarušić, the director of Eurovila agency.
”The growth of demand for Bundek began a few years ago when the Zagrebačka banka built Bundek Centre. The recent arrival of the aforementioned American school has of course further influenced the popularity of the neighbourhood itself. Središće is fortunate in that it is positioned next to Bundek lake, which is one of the major reasons for its popularity. Just like on the other side lie Western neighborhoods such as Vrbani III made a big leap forward [in terms of popularity], something similar is happening here. Novi Zagreb itself is beautifully planned out building-wise, but there’s no room for new buildings, while over here afew new construction sites have been opened in this area, which is also a plus for the market,” added Serdarušić.
In addition, the area of Središće is exceptionally well connected with roads and by public transport to Zagreb’s city centre, Franjo Tudjman Airport and the A1 motorway. Quite recently, the construction of a public elementary school began, which will also be a plus for the area.
”Each new piece of content additionally enhances an area. There’s already a lot of interesting content [in Središće], including those things which are needed for everyday life, such as shops, banks, services, restaurants, cafes…” noted Serdarušić.
The price of new builds over the past few years has increased from 1.600 to 2.400 euros per square metre. The price depends on the microlocation, the quality of the building, the location of the apartment within the building itself, its degree of decoration, the floor and of course its overall layout. However, as they say from the previously mentioned Eurovilla agency, some of the smaller apartments can also come with rather impressive price tags up to 3,000 euros per square metre.
However, as Središće doesn’t actually have enough luxury and large apartments for diplomats who would like to live near the American school, many remained in Šalata, where this institution was previously located. The demand is bigger than the offer, and Središće is currently the most expensive quarter in Novi Zagreb when it comes to prices per square metre, but they’re now at their very peak.
“We had a case a few years ago in Bundek Centre, after the apartments were sold at 1.600 euros per square metre, just a couple of months later, one apartment in that same building was sold for almost double the price per square metre because the buyer was urgently seeking property close to the American high school.
But these are the exceptions, although that building is now managing to keep hold of a high price. In Bundek’s new buildings, square metres were being sold for around 2,300 euros. Now apartments in some older buildings in the area have jumped in price, and sellers are looking for 2,000 euros per square metre for the best ones, some of them even offer well-equipped apartments in newer buildings for 3,000 euros per square metre,” said Boro Vujović, adding that he believed that this trend would eventually level itself out come summertime when people start moving into the large new Meander building, which is now sold out. He believes that this will lower the deficit.
Those particularly interested in this part of Novi Zagreb on the other side of the Sava river, he adds, are US Embassy staff, and now there are American education institutions conveniently located there, too.
The apartments in Središće are also being claimed by employees of companies located in Novi Zagreb. In the long run, there is a chance, however slight, that the fall of its popularity could occur if the quarter becomes too built up, because there are currently several unbuilt areas, in which many construction companies are interested.
”Središće already has a traffic problem upon entering the area when coming from the city centre via the bridge. That needs to be better resolved. I don’t think the additional construction will have a negative impact on its popularity, but it’s better to have air in the neighbourhood. The recently constructed buildings have a wide access road and, in general terms, in this area, Novi Zagreb is very well designed and should not be over-built,” concluded Eurovilla’s Serdarušić.
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Click here for the original article by Korana Sutlic for Novac/Jutarnji
