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Property Prices Continue to Fall in Zagreb – Slight Rise on Croatian Coast

Mamutica_ZagrebThe average asking price for property in February in Croatia fell by 0.1% from January 2014, whilst on an annual level average asking prices had dropped by 3.6%, according to data from Centar Nekretnina

In February in the capital Zagreb average asking prices fell 0.6% from the month previous, and by 5% since February last year. The average asking price for an apartment in Zagreb in February was 1,557 euro/m2, with all suburbs in the capital taking a hit in February. The most expensive apartments are still in the suburb of Medveščak, where the average asking price is  2,123 euro/m2, followed by the centre of town (2,033 euro/m2). The cheapest places in Zagreb were in Sesvete (1,130 euro/m2) and Novi Zagreb (1,309 euro/m2).

Whilst prices dropped in the capital, they actually grew on Croatia’s Adriatic coast. The average asking price for property on the coast in February grew by 0.4% from January 2014. The average asking price for a house on the coast in February was 1,561 euro/m2.  The average asking price for apartments on the coast had not moved much, staying at 2,033 euro/m2, a rise of 1.6% from February 2013. Zadar county still remains on average the cheapest place to purchase an apartment on the coast, with average asking prices now 1,612 euro/m2.

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