The latest trends from Croatia’s property market.
According to the Crozilla.com real estate listings, house prices in May rose the most in Dubrovnik and Zagreb, while Zadar was the most attractive town for potential buyers from abroad, reports Poslovni.hr on June 28, 2017.
The biggest price change on the monthly level was recorded in Dubrovnik, by 4.2 percent. An average square metre price in Dubrovnik rose to as much as 4,134 euros. A house price increase was also recorded in Zagreb, by 0.7 percent, with an average square meter now reaching 1,229 euros. The data shows that Zadar recorded a monthly increase in prices of 0.3 percent, and the average price there is now 1,599 euros.
On the other hand, the largest house price decline in May was recorded in Bjelovar and Slavonski Brod. The average asking price for a square metre in Bjelovar fell by 3.3 percent to 470 euros, while in Slavonski Brod prices dropped by 2.3 percent, to an average of 632 euros. According to Crozilla.com, house prices in Varaždin decreased by 0.8 percent, to 655 euros per square metre. A drop of 0.2 percent was recorded in Osijek, where the price per square metre was 612 euros, and in Senj, where a square metre cost 1,204 euros. In Split, the average asking price per square metre fell by 0.9 percent, to an average of 1,972 euros.
According to Crozilla.com, the prices of houses in May were almost 18 percent lower than the price of apartments. The largest difference was recorded in Opatija, where the price of a square metre of a house was by 683 euros, or 23.2 percent, lower than the price of an apartment. In Zagreb, the difference was 27 percent or 442 euros.
Poreč and Dubrovnik were rare towns in which average house prices were higher than prices of apartments. In Dubrovnik, the difference was 197 euros, and in Poreč 53 euros per square metre.
Osijek, Zadar, Poreč and Zagreb were the towns in which Crozilla.com users most frequently searched for homes in May. Potential foreign buyers, looking for houses sold on Crozilla.com, mostly came from Switzerland, Germany, Slovenia, Austria and Bosnia and Herzegovina, and showed the greatest interest for houses in the coastal areas, predominantly those in Zadar and Zadar County, in the region of Crikvenica, and in Istria.
Monika Sunara, the owner and director of the Adria Team Real Estate from Zadar, commented on foreigners’ interest in Zadar. “Foreigners mostly look for apartments and luxury homes, and one-third of customers look for apartments close to the beach with an open sea view.”
She also noted that the location was crucial to foreign buyers and that they usually look for and buy houses with a price between 270,000 and 650,000 euros. “Recently, new, modern and luxurious homes are being sought more and more. Some customers are also looking for smaller and older stone houses in the Dalmatian style for reconstruction,” said Sunara, adding that significant interest for homes in the Zadar area had also been shown by buyers from the Czech Republic and Slovakia.
