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Property Prices Drop Further

CroatiaCroatia’s real estate market has started the new year how the it ended last year – in decline, according to statistics for January by CentarNekretnine

The average property asking price for January in Croatia fell by 0.5% on December 2013, whilst on an annual level it had fallen by 3.6%. In the capital Zagreb asking prices had dropped 0.2% on last month, and 5.2% from January 2013. The average asking price in Zagreb for a flat in January was 1,561 euro/m2.

Asking prices on the Croatian coast however had dropped by less. The average asking price for a house on the Adriatic coast was now 1,553 euro/m2, down 3.7% from January 2013. Meanwhile, the average asking price for a flat on the Adriatic coast was similar, 1,594 euro/m2.

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