Home » Business » Apartment Prices Drop 25% In Last 5 Years In Croatia

Apartment Prices Drop 25% In Last 5 Years In Croatia

Apartment prices in the most attractive parts of Croatia, on the Adriatic coast and in the capital Zagreb, have fallen around 25% in the last 5 years, and experts predict that there is still more falls to come as the crisis and unemployment continues to grow, reports daily Novi list.

Before the global crisis hit in 2008, the average sought after price on Croatia’s coast was 2,130 euros per square metre, whilst in the capital Zagreb the average price was 2,050 euros per square metre. In February this year the average sought after price on the Croatian coast had fallen to 1,606, euros per square metre, and down to 1,649 euros per square metre in Zagreb.

Apartment prices are the most expensive in the Dalmatian city of Split, where per square metre prices are 10 to 15 percent more than in Madrid or Barcelona, which are the most expensive parts of Spain. It is not Croatia in Europe where prices have taken a hit in the last 5 years, apartment prices have dropped the most in Ireland since the crisis hit, where Novi list reports that they have dropped by more than 50%.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

[VIDEO] UberBOAT Starts on Croatian Coast

UberBOAT, an on-demand boat service, has officially kicked off its world operations in Split on the Croatian coast yesterday. UberBOAT will connect the many islands on the Dalmatian coast with the mainland and on Friday in Split, it officially had its world premiere of its services. UberBOAT offers boat rides from the city of Split...

7 Must-See Historical Fortresses in Croatia

For tourists who love a bit of history, Croatia has plenty to offer in this department. With so much history connected to them, the nation’s fortresses are definitely impressive. Here is a selection of 5 fortresses on the Dalmatian coast, built to keep enemies out, we have picked which are worth checking out. 1. Klis...

Oyster Festival in Ston

If you are a fan of oysters and good wine then the town of Mali Ston, located at the south of isthmus of the Pelješac peninsula on Croatia’s Adriatic coast, is the place to be later this month. On Saturday 18 March 2017 the town will once again host the famous annual “Festival of Oysters”...

Debut Croatian Festival Beats, Beer & Boogaloo Announces Acts

Croatia’s brand new festival, Beats, Beer and Boogaloo, which debuts on the stunning Dalmatian coastline this summer, is very proud to announce its first headliners, with a mix of global stars, classic talent and some of Croatia’s finest artists. Craig Charles’ Funk and Soul Club and the co-founders of the revered Garden Festival, who now...

[VIDEO] Zagreb Featured in Cities in 4k Timelapse Series

  The Croatian capital Zagreb has joined the cities of Zadar, Split, the island of Hvar and Dubrovnik as Croatian cities featured in the global ‘Cities in 4k’ project. Cities in 4K is a worldwide project. The idea is to represent as many cities as possible in the newest 4K resolution. The footage is filmed...