Home » Business » Average Apartment Price Down 9% This Year

Average Apartment Price Down 9% This Year

Zagreb-17The average realised price for an apartment in Croatia has fallen 8.89% from the last year, according to the President of the Real Estate Association at the Croatian Chamber of Commerce Dubravko Ranilović…

Ranilović, speaking at the 22nd Real Estate Forum, said in Croatia’s largest market, the capital Zagreb, the average realised price for an apartment had dropped 9.4% from 2013, and now sits at 1,377 euros per square metre. Meanwhile the average price for an apartment on the Croatia’s Adriatic coast had risen slightly from last year – up 0.95% to 1,588 euros per square metre.

Ranilović stressed that Croatia’s grey economy, and the inability to control undocumented real estate agencies within the legislative framework was a problem for the real estate market in the country. Because of that it was hard to gauge exactly what the market has been doing, but he did indicate that there were visible signs that the market would grow slightly in 2015.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

[PHOTO] Croatia in LA Gearing Up for the Mexicans

The Croatian football team, minus all of its stars, have been in Los Angeles this week preparing for this weekend’s one-off friendly fixture against Mexico. Head coach Ante Čačić has brought with him an inexperienced squad of 16 players, made up of mostly Croatian first division regulars. A post shared by Hrvatski nogometni savez (@hns_cff)...

Istria: Top 10 Reasons to Holiday on the Peninsula

The German language Istria-themed blog Inistrien.de has put together 10 reasons which make the largest Croatian peninsula unique and an interesting holiday destination. Here they are: Proximity & Short Distances From Baden-Wuerttemberg, Bavaria, Austria and Switzerland you can get to Istria by car in about 4 (Salzburg) to 9 (Stuttgart) hours. The flight and bus...

35 Must-Try Foods When in Croatia

  By Mia. K Croatia offers a wide variety of delicious food options that will leave you wanting more. The diversity in regions means you will be able to experience different specialties all over the country. Here is a selection of 35 foods to try whilst in Croatia. STARTERS / SNACKS   1. Goveđa Juha...

The Museum of Olive Oil on Brač Island

There are plenty of interesting things to do and see on the island of Brač, which is full of history and stunning nature. One of those things is to visit the unique Museum of Oil in the small town of Škrip, which has a history dating back over 3,000 years. The museum presents the history...

[PHOTOS] Soparnik: Traditional Croatian Specialty

Poljički Soparnik, or known just as Soparnik, is one of Croatia’s true authentic traditional dishes. Soparnik is a savoury pie made with finely ground wheat flour with a filling of Swiss chard. Its origins, centuries ago, are from modern-day Omiš and the surrounding areas which were once part of the Poljica Republic in the late...

7 Natural Wonders of Croatia

The 7 Wonders of the Ancient World were a collection of incredible constructions. From the Great Pyramid of Giza to the Hanging Gardens of Babylon and Colossus of Rhodes, the world is truly home to some amazing sites. Some locals would often joke that the whole of Croatia was the 8th Wonder of the World,...