Foreigners Bought Almost One in Two Properties in Istria in 2020

Total Croatia News

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Pixabay

The highest number of flats, about 12,000, was sold in the City of Zagreb and Zagreb County, followed by a little over 10,000 properties sold in the coastal counties and a little over 9,000 in the rest of the country.

The rest of the country recorded the smallest drop in sales, about 2%, while the drop along the Adriatic was almost by one-fifth due to fewer foreign buyers. The drop in Zagreb and its environs was 4.5%.

In terms of the coast, last year foreigners bought four in ten properties sold in Istria County, three in ten in Primorje-Gorski Kotar County, one in four in Zadar County, one in five in the Dubrovnik and Šibenik areas, and 16% in Split-Dalmatia County.

As for continental Croatia, foreigners bought 2% of the properties sold in Međimurje and Varaždin counties.

Most of the foreign buyers were from Germany, Austria and Slovenia.

In 2020, the housing market showed resilience to the current crisis, so stronger risks to financial stability linked to that market could occur in the period ahead, according to the central bank.

For more, follow our dedicated business section.

 

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