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Property Prices Continue To Slide – Dubrovnik, Split Worst Hit

The trend of falling property prices in Croatia is continuing after statistics for February were released by property portal Crozilla.com.

Dubrovnik and Split, both on Croatia’s Dalmatian coast, were the heaviest affected after another slow month. Apartment prices in Dubrovnik fell 2.4% on a monthly level and 4.3% for the year in February. The average sought-after price is now 2,987 euros per square metre in the popular tourist city.

Prices in Split, a bit further up the coast, also fell sharply, dropping 1.8% from January and 3.1% on the year. The average sought-after price in Split is now 2,058 euros per square metre.

Apartment prices have been steadily falling over the past few years. Compared to February 2009, sought-after prices have dropped 16.2%. Interesting to note was one of the few places to see prices rise was the city of Pula on the northern Adriatic coast. The average sought-after price per square metre is now 1,401, up 0.8% from the previous month, and 2.3% on the year.

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