Fancy buying a place in the Pearl of the Adriatic? You’ll need quite a bit of cash in your pocket.
Property prices are well known for fluctuating, but there is one Croatian city that doesn’t suffer with a great deal of insecurity, and that is, of course, Dubrovnik.
As Dubrovacki Dnevnik writes on the 13th of January, 2018, it seems that apartment prices increased in December 2017. Crozilla notes that when compared to November, the average price rose by 0.5 percent and by about 6 percent in comparison to 2015 and 2016. The biggest annual increase in apartment prices advertised on Crozilla.com has been recorded on the coast, with both Dubrovnik and Split being predominant.
In December in Croatia’s southernmost city, Dubrovnik, apartments were approximately 14 percent more expensive than they were in the same month of 2016, and 0.3 percent more expensive than they were back in November, with a price of 3,619 euro per square meter being sought on average. Compared to December of 2015, the prices were nearly 20 percent higher.
Crozilla also reports that large annual growth was experienced in the Dalmatian capital of Split, where prices were over 13 percent higher than they were last year, rising by 1.1 percent on the monthly level, and averaging at 2,543 euro per square meter.