Croatia has long been a nation of ‘home-owners’, with a high proportion of citizens owning their own property compared with the rest of the western world. That tradition however looks like it is slowly on the decline with an increased demand in ‘renting’ recently.
According to recent data from the Real Estate Agency (APN) in Croatia, over 700 applications in just 15 days were received for rental properties which came up for public tender. On offer were 86 apartments in Novi Jelkovec near the capital Zagreb, which were all quickly snapped up.
The director of leading real estate portal Centar Nekretnine says that the trend has definitely shifted.
“Renting is on the up, to what exact extent we still can not predict. It is clear that in the future citizens will certainly be turning to renting, this will especially be true for the younger generation,” said Ivan Knezevic to Poslovni plus, adding that apartment sales have been constantly dropping and will continue to do so for the next few years.