The decline in Croatian property prices continues.
According to the research of Njuškalo website, conducted on a sample of 157,000 real estate properties advertised in August 2015, real estate prices in Croatia have declined by 1 percent in comparison to the same month last year. If we compare the latest data with the prices in August 2011, the decline is 4 percent. This finding is supported by the analysis of the annual index of the prices of apartments, which shows that since January 2012 there has been only one month during which the annual index of prices of apartments has increased, reports Poslovni.hr on September 2, 2015.
On a monthly basis, the majority of the coastal counties show an increase in the average price of real estate, with the exception of Istria and Lika-Senj County, while the counties on the mainland, especially in the eastern part of the country, continued to show a decrease in asking prices for real estate. On an annual basis, all counties except the Split-Dalmatia and the Varaždin County showed a decline in prices of properties. The largest declines were recorded in Krapina-Zagorje, Zagreb and Požega-Slavonia County.
The average price of a square metre of a house in the Dubrovnik-Neretva County continued to decline, while the prices of apartments grew by 4 percent from the same month last year. How large the price range in Dubrovnik-Neretva County is can be seen from the fact that in the Boninovo district in Dubrovnik the average price of a square metre of house in August was 5,639 euros, while in Opuzen it was only 553 euros per square metre.
In the city of Zagreb, the average price per square metre for a house in August was 1,272 euros, a decline of 7 percent compared to the same month in 2014. The largest decline in the average price per square metre for a house was recorded in the Donji Grad district with a drop of 15 percent, as well as in the Črnomerec district with a drop of 13 percent compared to last year. In August, the most expensive house per square metre in Zagreb was registered in the Kaptol-Opatovina district, with the price of 5,000 euros per square metre.
As far as apartments are concerned, the average price per square metre was 1,593 euros, or 1 percent lower than in the same month last year. The lowest average price in Zagreb was recorded in the Brezovica district with 961 euros per square metre for an apartment, while the highest average price was in the Gornji Grad - Medveščak district with 2,034 euros per square metre for an apartment and 2,401 euros per square metre for a house.
As far as the largest cities in Croatia are concerned, the highest average price per square metre have properties in cities on the Adriatic coast – Dubrovnik, Split and Zadar, while Zagreb is in fourth place. The lowest average prices were recorded in Bjelovar, Sisak, Vinkovci and Vukovar, where the average price of a square metre was below 700 euros.
