Residential property prices in Croatia's biggest cities: Guide for 2022
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Loading... - Nika Pavic
- 06 Jun 2022
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The pandemic has brought many global changes on top of the impacts on the lives of individuals. In Croatia, everyone expected the pandemic and 2020 earthquakes to greatly impact property prices. Specifically, many thought prices would go down as people unloaded properties for which they could no longer afford the mortgage due to a lack of tourism.
That did not come to fruition.
In this post, we will summarize the state and trend of property prices in Croatia. If you’re planning on buying residential real estate in Croatia, then this guide will help set an expectation of how far your money will go.
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The facts are these…
Overview of residential real estate in Croatia
Property prices in Croatia
Property prices continue to rise despite the economic situation worsening. Many Croatian citizens share the opinion that it is better to be an owner of a property than to save money.
Buyers are demanding and cautious. They prefer to buy new apartments, which are lacking in the Croatian housing market. Apartments in old buildings are not as desirable due to their instability during the 2020 earthquakes.
The average prices of houses in August 2021 were 6% higher than the ones in August 2020 and 9% higher than in 2019. Average apartment prices in August 2021 were 3% higher than the ones in 2020, 8% higher than in 2019, and 14% higher than in 2018.
In 2022, the average apartment price has increased by 4.1% and the average price of houses has increased by 7.7%. Buyers become more interested in properties in rural areas next to big cities including Zagreb county, Krapina-Zagorje county, and Virovitica-Podravina county. Foreigners are very interested in Istria, Gorski kotar, and Zagreb. Almost every 4th buyer of a property in Croatia is a foreign national.
Low interests on savings accounts have also had a big impact on sales. Although, interest rates on loans are also very low, in the neighborhood of 2 to 3%.
The price per square meter can vary wildly depending on:
- Property size
- Whether or not the property has been recently renovated
- Location
- City
- Proximity to the city center
Proximity to the sea
To give you a ballpark of what properties may cost below is our quick pricing guide. We created this with guidance from a real estate agency. However, be aware that these prices may increase by 5-7%.
- ~ 100.000 € (a studio or small 1-bedroom)
- ~ 200.000 € (a renovated 2-bedroom apartment)
- ~ 300.000 € to 400.000 € (house, but not seafront)
- ~ 500.000 € (villa)
- ~ 600.000 € and above (seafront villa)
Stats on properties sold in Croatia in 2020
- Average price per square meter of apartments sold in 2020: 12.733,50 kuna
- Total number of apartments sold in Croatia in 2020: 3.222 (of which 1.705 were sold in Zagreb)
Average property prices according to Croatian cities
Average property prices in Dubrovnik
- Apartments – 4.151 € per square meter
- Houses – 3.523 € per square meter
Average property prices in Osijek
- Apartments – 1.025 € per square meter
- Houses – 621 € per square meter
Average property prices in Rijeka
- Apartments – 1.793 € per square meter
- Houses – 1.422 € per square meter
Average property prices in Split
- Apartments – 3.024 € per square meter
- Houses – 2.879 € per square meter
Average property prices in Zadar
- Apartments – 2.472 € per square meter
- Houses – 1.730 € per square meter
Average property prices in Zagreb
- Apartments – 2.297 € per square meter
- Houses – 1.441 € per square meter
Average prices by Zagreb neighborhood
- Brezovica – 1.212,63 € per square meter
- City center – 2.500 € per square meter
- Donji grad – 2.567,70 € per square meter
- Jarun – 2.820 € per square meter
- Maksimir – 2.186,49 € per square meter
- Ravnice – 2.376 € per square meter
- Sesvete – 1.456,58 € per square meter
- Trešnjevka jug – 2.120,00 € per square meter
- Trešnjevka sjever – 2.201,97 € per square meter
- Trnje – 2.281,25 € per square meter
Buyers are now more interested in properties outside of the city, for example in Velika Gorica and Sveta Nedelja. Read More...
