Home » Business » Real Estate Market Down 5.9% In Croatia

Real Estate Market Down 5.9% In Croatia

Real estate sale prices once again dropped in Croatia in July, falling by 0.2 since June, to continue the negative trend in the real estate market in Croatia in 2013.

Prices in Croatia have now fallen 5.9% on a yearly level, according to data from CentarNekretnina. When broken down into regions, the capital Zagreb has seen a 0.3% fall on June’s data and a 7.1% fall on a yearly level. The average sought after price for an apartment in Zagreb in July was 1,596 EUR per square metre.

Real estate on the Adriatic coast did not fear too much better. With Croatia joining the EU on 1 July, there was definitely no immediate rush for properties as some media earlier indicated might happen. Advertised sale prices were down 0.1 in July from the previous month for property on the coast, whilst it is down 4.3% compared to last year. The average sought after price for a house on the Adriatic coast was 1,514 EUR per square metre. Sale prices were up however in July for apartments on the coast. Sought after prices rose 0.2% since June but still down on a yearly level by 0.6%. The average price now 1,967 EUR per square metre.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

Croatian Names & Surnames in English Form

By Iva Ralica Many names and surnames in Croatia are derived from old Slavic words, with no equivalent in other languages outside its circle. Still, some do have their English form, such as the surname Kovač (Smith) and the name Ivan (John). Others, like Horvat – the older version of the word Hrvat, meaning a...

Rimac Factory Tours Becoming a Popular Tourist Attraction

One of the recent success stories to come out of Croatia has been the rise of entrepreneur Mate Rimac and his company Rimac Automobili. Rimac produces high-performance electric vehicles, including the Concept One, the world’s first electric super car, drivetrains and battery systems. Rimac Automobili factory is located on the outskirts of Zagreb in Sveta...

Mysterious Korčula Cave Where ‘Baba & Dida’ Were Discovered

On the south side of Mt. Pinski rat, which is located above Kale bay in Vela Luka on the southern Dalmatian island of Korčula, lies a cave that has become one of the most important archaeological sites in the whole Europe. Vela Cave (Vela spila or špilja) is a phenomenal natural attraction. About 250 square meters...

Croatian Photographer Wins Prestigious Nikon Contest

Croatian photographer Tomislav Veic has won first prize in the Nikon 100th Anniversary Award. Veic’s photo has beaten 21,000 others from all over the world to win the main award of the prestigious Nikon Photo Contest. Veic’s winning photo, selected from over 21,000 photos from 172 countries, was taken on 10 December in Zagreb when...

Rab Island: 10 Things to Check Out

By Tina Kastelan The island of Rab, located just off the northern Croatian coast near the islands of Krk and Pag, has a very rich history and is known today as the ‘Happy Island’. Rab, or Arba at the time, was first mentioned in a Greek source in 360 BC. Today the 22 km-long island...