Real estate prices are up 4 percent from the same month last year

first_imgAccording to research portal Njuškalo.hr   conducted on a sample of 156 thousand active real estate ads, their prices in Croatia are growing rapidly on an annual basis, so they are higher by 4 percent compared to the same period last year.If the current data is compared with the same month last year, apartments have risen in price by 6 and a half percent, while houses are as much as 4 percent more expensive. However, the news is that prices in July this year exceeded those of 2011, which leads to the conclusion that the crisis in the Croatian real estate sector is far behind us and that we may face a real price “boom” in the near future.“Our Real Estate category is the largest online real estate market in the Republic of Croatia and, with almost 3 million visits, the most visited real estate database for sale and rent. Interest in real estate in the Republic of Croatia is growing from year to year, so in July Njuškalo recorded an increase in visits in this category on an annual basis by almost 4 percent. ” stand out from Njuškalo.Looking at the counties in which real estate is most in demand, the City of Zagreb is in first place, while right behind it are the Split-Dalmatia, Primorje-Gorski Kotar and Zadar counties.Apartment prices in the largest Croatian cities have been growing rapidly in the last year. Thus, in Zagreb, the current average price per square meter of an apartment is 1.873 euros and is 9 percent higher compared to the same period last year. The largest annual increase in apartment prices in Croatia, as expected, was recorded in Dubrovnik. There, the average asking price per square meter of an apartment is 3.643 euros, and it is 18 percent higher than last year. The average price per square meter of a house in Dubrovnik has grown by 4 percent annually and currently stands at 4.684 euros.Apartment prices in Split rose by 11 percent and in Pula by almost 12 percentThe average asking price per square meter of an apartment in Split is 2.665 euros, while in Pula it is 1.570 euros. Osijek is still one of the cities where real estate prices are stagnating, so in July the average asking price there was 942 euros.A square meter of an apartment in Croatia is 38 percent more expensive than a square meter of a houseThus, in Zagreb, the square footage of a house recorded a growth of only 1 percent on an annual level, while in Osijek and Zadar, prices remained at the level of last year. The largest annual increase in the price of square meters of houses in Croatia from larger cities was recorded in Split and amounted to as much as 13 percent.The average asking price per square meter of an apartment in Zadar is 2.027 euros and is 11 percent higher than last year, while at the same time the average price per square meter of a house stagnates and amounts to 1.485 euros. As a rule, real estate on the coast and in Zagreb achieves a higher price, while in Slavonia the lowest real estate prices are recorded, so in Slavonski Brod, for example, the average price per square meter is 801 euros, while the average price per square meter is 643 euros. Even cheaper are Vinkovci, where an average of 710 euros will be needed for a square meter of an apartment, while the average price of a square meter of a house with a yard is around 200 euros more favorable than an apartment.Of the larger Croatian cities, Dubrovnik and Split are the only cities where square meters of houses are more expensive than square meters of apartments. This is mostly due to the high share of luxury houses in these cities, they conclude from Njuškalo.Source: Njuškalo.hrlast_img

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