December the 8th, 2024 – For years, Germans were the most prominent among all foreign nationals purchasing Croatian property, but that has altered.
As Morski writes, if we’re to believe the assessment of the individuals who make a living from selling Croatian property, we should expect stagnation in the prices of apartments and houses next year. As things currently stand, that is what 58 percent of those in the field expect.
Almost 30 percent of agents believe that prices will continue to rise, while one in ten is pessimistic and expects prices to fall. Among them is Dubravko Ranilović, president of the Association of Real Estate Business at the Croatian Chamber of Commerce (HGK), who organised an annual conference in Zagreb attended by about 600 agents involved in selling Croatian property, as reported by Večernji list.
The number of residential properties sold continues to fall and could fall below 28,000 this year, after about 2,000 fewer were sold last year. It seems that the trend of foreign nationals purchasing Croatian property is ongoing, but the statistics we’ve known for years now have changed.
Annual Croatian property sales have ranged over the past fifteen years from a record 60,000 in 2008 to 23,000 seven years later. In the first eight months of this year, foreign citizens purchased about 7,000 properties, mostly in the Istrian region, where every fourth active agency is registered, as well as across other coastal areas.
In the City of Zagreb, foreign nationals purchased only 56 apartments this year. Germans are no longer the most numerous buyers of Croatian properties along the coast, having been overtaken by the neighbouring Slovenians.
