ZAGREB, December 17, 2019 – Flat purchase usually requires more financial effort than the purchase of a house of the same area, including the yard, and in November the difference in their advertised prices was an average 21.5%, show data published by the Crozilla.com real estate website on Tuesday. The increase in flat prices has resulted in an increase in demand for houses in many towns, which in turn has resulted in an increase in house prices, with the highest annual growth in the value of houses of 9.5% having been recorded in Split, and the highest increase in flat prices having been recorded in Umag, of 8.8%, Crozilla representatives said.
As regards the difference in flat and house prices, it is particularly high in the northern Adriatic resort of Opatija, where the asking price of a flat was €3,147 per square metre while the asking price of a house was €910 lower.
The value of houses in Opatija grew by only 0.9% on the year while flat prices grew by 6.8%.
Crozilla data show that flats in Zagreb, whose average asking price was €2,063 per square metre, grew by 8.3% while house prices grew by 6.2%. The difference in their prices in November was €724 or 35%.
A major difference of 43.3% in price was reported in Bjelovar, where flats were advertised at a price of €756 per square metre while houses were advertised at €327 cheaper.
The difference between flat and house prices in Osijek stood at 37.2%, with flats advertised at an average price of €967 per square metre, while houses were advertised at €429.
In the most expensive city, the southern Adriatic resort of Dubrovnik, the asking price of a flat was an average €3,650 per square metre while the asking price of a house was only €23 lower.
Along with Dubrovnik and Opatija, among the more expensive towns was Split, with the asking price of a flat being €2,915 per square metre and the asking price of a house being €2,646.
Flats were cheaper than houses only in Poreč, where the price difference was only €16, and the average asking price of a flat was €2,003.
More news about real estate in Croatia can be found in the Business section.
