Croatia third in Europe for rise in real estate prices
February 18, 2020 - Croatia
The asking-price per square metre for apartments in Croatia increased by an average of 10% last year, placing Croatia third in Europe in terms of rising real estate prices.
The most expensive square-metre asking prices in Croatia are in Dubrovnik, Split and Zagreb, whilst the cheapest are found in Vukovar, Sisak and Slavonski Brod. More realistic prices, and appropriate to Croatian standards, are unlikely this year.
The real estate market has fully recovered and prices are rising. Croatia, after Hungary and Luxembourg, has seen the largest rise in real estate prices in Europe. In 2018, there were more than 100,000 sale and purchase transactions.
“Zagreb, as the capital and most economically developed centre, is actually a magnet for investment in the real estate market. Residential construction is booming."
"Thousands of apartments are being built. The investment boom has raised prices to more than 2,000 euros per square metre,” HRT writes [...]
The biggest jump in prices of apartments and houses was recorded in Split-Dalmatia and Istria counties.
On the Croatian coast, real estate has been in demand with every fifth apartment or house being purchased by a foreigner.
via Croatia Week
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