Property Prices at Mid 2000’s Level – Dubrovnik Most Expensive
- by croatiaweek
- in Business
Real estate prices in the Croatian capital Zagreb have dropped to 2004 levels, whilst property prices on the Adriatic coast are the same as they were in 2006, according to a Real Estate Index published by the Croatian National Bank (HNB)…
Apartment prices are a third of the price of what they were during the peak of the property boom, whilst sales have fallen by half since then. The biggest fall in prices came in 2013 when property prices fell around 16% on average.
From 2012 around 30,000 properties are sold in Croatia annually. The most expensive part of the country is the southern Dalmatian tourist hotspot of Dubrovnik, where the average asking price per square metre in the old town in 4,067 euros. Opatija, the island of Hvar and Bol on the island of Brač are not too far behind, fetching between 2,700 and 3,000 euros per square metre. According to buying and selling website Njuškalo, you will need to fork out around 2,000 euros per square metre for property in Sukošan, Split, Lovran, Rovinj, Mali Lošinj, Postira, Grožnjan, Lumbarda, and Supetar.
In the capital Zagreb the average asking price for a house is now 1,307 euros per square metre, a fall of 7%, whilst the average asking price for an apartment has dropped 3% to 1,600 euros per square metre.