April 27, 2022 - Last year, foreign citizens bought 9,514 properties of real estate in Croatia, which is a high increase of 50 percent compared to 2020.

According to research done by Jutarnji List with information from the Croatian Tax Administration, the highest year-on-year growth in the purchase of real estate in Croatia among foreigners was achieved by citizens of Germany, Austria, and Slovenia, reports tportal.hr.

Last year, German citizens bought 2,637 properties in Croatia, which is an increase of 1,089 sales or even 70 percent compared to 2020, Austrians made 1,109 purchases (472 more properties or an increase of 74 percent compared to 2020), while Slovenians last year became the owners of 2309 properties in our country, achieving an increase in purchases compared to the previous year by 32 percent or 550 more properties.

"The data do not show the total purchase and sale of real estate in 2020 and 2021, but only the sale of real estate for which the Tax Administration conducted the procedure of determining the tax base. In addition, data on real estate sales are still being updated ", they note in the Tax Administration and suggest that, in the end, the growth in the number of real estate sales made by foreigners with sellers in Croatia could be even higher.

In any case, the registered growth of foreigners' demand for domestic real estate confirms the recent allegations of entrepreneurs and real estate market experts who told Jutarnji list that the increased interest of foreigners in domestic real estate is one of the reasons for unprecedented growth in new apartment prices in the last quarter of last year.

Namely, according to the Central Bureau of Statistics, the purchase prices of new dwellings in the last quarter of last year were 15 percent higher than the prices realized in the last quarter of 2020: such growth has not been recorded in the last decade. In addition, the average prices of all residential real estate purchases in 2021 were 7.3 percent higher than in 2020.

For more, check out our business section.

In addition to real estate prices, rental properties have also risen sharply, especially expensive properties such as villas and luxury hotels.

February the 18th, 2021 - Croatian coastal property prices are always on the radar for anyone dreaming about either packing it all in and moving here or those who fancy a second home by the sparkling Adriatic sea in a charming old city. How has the pandemic and other issues affected fluctuation and as such, their prices?

As Morski writes, Croatian coastal property prices have always been and continue to be far more expensive than house prices in the continental part of the country, and the market, depending on current trends at any given time, obviously fluctuates. While Croatian coastal property prices in the Dalmatian cities of Zadar and Split recorded a slight increase, in Rijeka apartment prices rose the most, and interestingly, down in the traditionally expensive Dubrovnik - they fell by up to 12 percent.

Per metre prices rising in Split

The largest Croatian coastal city and Croatia's second largest city after Zagreb, Split, has been recording higher property prices for the past two years now, and the asking prices of houses still exceed the prices of apartments. From the beginning of 2019 until today, one square foot of a house in Split has risen by 4.93 percent and now averages 3,122 euros in total. Demanded apartment prices have risen by 6.85 percent over the past two years and now average 2987 euros per square metre.

However, in this period, there also were different price fluctuations. The highest prices of houses in Split were recorded back in September 2019 when the average asking price stood at 3209 euros per square metre, while apartments were the most expensive in February last year, when an average of 3016 euros per square metre was demanded.

In Zadar, there has been equal growth in price for both apartments and houses

Unlike Split, Zadar didn't record any oscillations in terms of Croatian coastal property prices last year, and the growth trend in this city has remained stable for the past two years. In addition, in this city, the asking prices for apartments have increased by 5.86 percent since the beginning of 2019 and now the average demand for a square metre in a Zadar apartment stands at 2259 euros. House prices rose more or less equally, by 5.66 percent, and the current average asking price per square metre of a house is 1,577 euros.

Down in Dubrovnik, houses are up to 12 percent cheaper

Unlike Zagreb and Split, Dubrovnik, which is known for its eye-watering prices for both bowls of pasta and houses, has been recording a negative trend for the past two years. The asking prices of apartments today are 5.22 percent lower than they were back at the beginning of 2019 and average 3628 euros per square metre.

Houses in Dubrovnik also recorded a drop in price in the aforementioned period, by almost 12 percent. While at the beginning of 2019 the average asking price per square metre was a staggering 4666 euros, today it is 4117 euros.

In Rijeka, apartment prices rose the most

The fact that the enormous changes that have taken place in the last year haven't affected the upward trend in apartment prices in Rijeka is clearly shown by the latest data from the beginning of this year, according to which the average price per square metre of 1780 euros is equal to a 16 percent increase when compared to how things stood back in January 2019.

At the same time, the prices of houses in Rijeka increased in that same period, and now the average price per square metre of a house is only 23 euros higher, amounting to 1473 euros.

For the latest travel info, bookmark our main travel info article, which is updated daily. 

Read the Croatian Travel Update in your language - now available in 24 languages.

Join the Total Croatia Travel INFO Viber community.