12 February 2019 – The Croatian capital Zagreb is among the best emerging real estate markets in Europe for 2019, according to a report by Forbes magazine.
With Brexit set to see a number of companies leave the UK to set up headquarters in the European Union, cities across the continent could see a boom in property prices as investors scramble for real estate.
Leading business magazine Forbes compiled a report this week of what they consider to be the best emerging real estate markets in Europe in 2019, with the Croatian capital listed among six cities.
Exclusively data of ‘secondary’ markets in Europe that saw the most growth last year was provided to Forbes by LeadingRE to help compile the list which also features cities in Portugal, Austria, the Netherlands and Bulgaria.
At the top of Forbes’ list was Zagreb.
There is something brewing in Zagreb, the capital of Croatia, and it has all the signs of reaching a tipping point in the next few years to see explosive growth. Recently the country saw its the first digital real estate company, A Nekretnine, open for business which is usually the strongest sign of a market’s potential. Asking prices for condos in this city increased by 20% in 2018 when the rest of the country only saw increases of 8.5%, according to data provided by A Nekretnine. Also, in just the past twelve months there has been a 30% increase in homes being advertised on Airbnb in Zagreb so the demand for vacation rentals is seeing its own surge as well. Nino Ćosić, founder of A Nekretnine, who estimates 20% of buyers come from outside the country, shared an insider’s tip of significantly more inventory coming to market in the next year thanks to the completion of a number of new developments that were put on hold during the last real estate crisis – writes Forbes.
According to sales portal Njuškalo, the asking price per square metre for apartments in Zagreb rose by 10% year-on-year. In October last year, the average asking price per square metre for apartments was €1,933.
Forbes also named Lisbon in Portugal, the Bulgarian city of Plovdiv, Feldkirch and Bludenz in Austria and Rotterdam in the Netherlands on the list of best emerging markets.
You can see the Forbes article here.