January the 29th, 2023 – Varaždin and Varaždin County are the areas of the country where the most property is being snapped up.
As Poslovni Dnevnik writes, last year, the number of property transactions fell in most Croatian counties, while nine of them, mostly in the north and east of the country, recorded a higher number of sales than back in 2022. This info comes from the new portal set up by the Ministry of Finance, which enables a comparison of the tax systems of different EU countries. The greatest interest in real estate was recorded in Varaždin.
More than 5,300 sales contracts were concluded in Varaždin and the wider area of Varaždin County in 2023, which is 50% more than the year before, according to data from the Tax Administration.
The most common buyers are young families.
“The trends are always the same, apartments were what were sold the most, and lately, as the price of apartments has been rising, family houses and plots of land have started being sold,” Dražen Mesec, a real estate agent, told HRT.
While in the rest of the country, the price per square metre is in a slight decline, it is still quite high in Varaždin. You will likely pay two thousand euros per square metre for a high quality older apartment, while a new building sells quickly for three and a half thousand euros per square metre.
Back in 2010, at the height of the financial crisis, you could buy a two-bedroom apartment in the popular Đurek in Varaždin for 40,000 euros. Today, there are hardly any offers to be had there, and you’re highly unlikely to be able to purchase anything under 100,000 euros.
With the Croatian average salary, young families can hardly afford something located within new building, so many need to take out multi-year loans. Nevertheless, prices have reached their peak in Varaždin County as well and, according to experts, they shouldn’t really rise much more.
“It was already visible last year that the market had begun slowing down, a drastic drop in prices isn’t really expected, they are currently stable, there are buyers, not as many as last year, but… yes, there are buyers,” said Dražen Mesec.
There are buyers for apartments, houses and construction plots. However, there are also castles and palaces for sale in Varaždin County, but, rather unsurprisingly – the level of interest in them is weak.