Asking house prices in Croatia rise 47% over three years

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Njuškalo’s Analysis of Property Market Trends in Croatia

Croatia’s property market continues to show highly dynamic trends in 2024. In its latest in-depth analysis, Njuškalo compared changes in asking prices for flats and houses across all counties over the past two years.

National Price Trends

Data indicates a continuous increase in asking prices for residential properties in all counties, with the exception of Virovitica-Podravina County, where asking prices for flats have dropped by 3%.

The average asking price per square metre of a flat in 2024 was €3,543, reflecting a 12.66% increase compared to the average asking price of €3,145 in 2023.

Compared to 2022, when the average price per square metre stood at €2,658, the increase is a significant 33.3%.

Average asking price per square metre of a flat 2021 – 2024 (Njuškalo)

Houses have been gaining popularity recently, as reflected in the upward trend in their average asking prices.

In 2024, the average asking price per square metre for houses reached €2,731, marking a 14.4% rise compared to €2,387 in 2023.

Although houses remain more affordable per square metre than flats, the increase in asking prices since 2022 has been even more pronounced. In 2022, the average asking price for a square metre of a house was €1,863, meaning that prices have surged by nearly 47% by 2024.

Average asking price per square metre of a house (Njuškalo)

Flat Price Trends by County

The highest asking prices per square metre for flats in 2024 were recorded in Istria, Split-Dalmatia, and Dubrovnik-Neretva counties.

In Istria, the average asking price per square metre was €3,750, an 8% increase from €3,485 in 2023.

In Split-Dalmatia County, the average price rose by 9%, from €3,435 in 2023 to €3,748 in 2024. Meanwhile, in Dubrovnik-Neretva County, the average asking price was €3,705, which is 5% higher than the €3,545 recorded in 2023.

The lowest asking prices for flats in 2024 were found in Požega-Slavonia, Vukovar-Srijem, and Sisak-Moslavina counties.

Despite having the lowest prices, Požega-Slavonia County still recorded an 11% increase, with prices rising from €1,026 in 2023 to €1,120 in 2024.

Similarly, Vukovar-Srijem County saw an 11% increase, with average prices rising from €1,164 in 2023 to €1,286 in 2024. In Sisak-Moslavina County, the average asking price per square metre rose by 12% to €1,170 in 2024, up from €1,045 the previous year.

The four counties that recorded the highest percentage increases in asking prices for flats between 2023 and 2024 were Krapina-Zagorje, Karlovac, Brod-Posavina, and Međimurje. The only county to register a decline was Virovitica-Podravina.

In Krapina-Zagorje County, asking prices rose by 21%, from €1,639 per square metre in 2023 to €1,988 in 2024.

Karlovac County also saw a 21% increase, with prices rising from €1,562 in 2023 to €1,880 in 2024.

Brod-Posavina County experienced a more significant rise of 24%, with prices increasing from €1,443 in 2023 to €1,770 in 2024.

Međimurje County recorded the highest percentage growth in asking prices, surging by 46% from €1,619 in 2023 to €2,336 in 2024.

Virovitica-Podravina County was the only county to experience a decline, with a 3% drop from €1,384 in 2023 to €1,342 in 2024.

House Price Trends by County

In 2024, the highest asking prices per square metre for houses were recorded in Istria, Split-Dalmatia, and Šibenik-Knin counties, while the lowest prices were found in Požega-Slavonia, Virovitica-Podravina, and Vukovar-Srijem counties.

In Istria, the average asking price for a house in 2024 was €3,142, a 10% increase from €2,855 in 2023.

In Split-Dalmatia County, house prices rose by 10%, reaching €3,103 in 2024 compared to €2,833 in 2023.

Šibenik-Knin County saw a 9% increase, with prices rising from €2,565 in 2023 to €2,807 in 2024.

In 11 Croatian counties, the average asking price per square metre for houses remains below €1,000.

The lowest prices were recorded in Požega-Slavonia County, despite a significant percentage increase. The average price in this county rose from €452 in 2023 to €531 in 2024, representing a 19% increase.

Virovitica-Podravina County recorded the highest percentage increase in house prices, rising by 35%. Even with this sharp increase, the average asking price per square metre in 2024 was only €580, compared to €434 in 2023.

Vukovar-Srijem County followed a similar trend, with prices increasing by 19% from €517 in 2023 to €612 in 2024.

Conclusion

Croatia’s property market remains highly dynamic, with strong growth in asking prices for both flats and houses across most counties.

The demand for housing continues to push prices upwards, particularly in traditionally popular coastal regions. Meanwhile, even in the least expensive areas, prices are rising, reflecting a broader trend of increasing property values across the country.