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In February, real estate prices fall

The average asking price of real estate in Croatia in February this year fell by 0.9 percent compared to January, announced the listing service “CentarNekretnina”. The listing service “CentarNekretnina” took into account over 163,000 asking prices in real estate advertisements during February for its calculations. In the case of multiple listings for the sale of a property, only the last listing was considered.

Compared to February of last year, the price of real estate in the second month of this year increased by 0.7 percent. In Zagreb, asking prices for real estate fell by 1.2 percent compared to the previous month, and on an annual basis by 0.9 percent. The average asking price for an apartment in Zagreb in February was 1,968 euros per square meter, down 1.2 percent from the previous month and down 0.9 percent from February 2008.

Compared to the average asking price per square meter of an apartment in Zagreb, the price per square meter of a house is, on average, 34 percent lower. Thus, the average asking price for a square meter of a house in Zagreb and its surroundings in February was 1,303 euros, which was one percent lower than the previous month. Compared to February 2008, the asking price for a house increased by 9.7 percent. On the Adriatic, prices in February, according to the calculations of “CentarNekretnina”, fell by 0.5 percent compared to January, while on an annual basis they increased by three percent.

The average asking price per square meter for a weekend house and apartments by the sea in February was 2,063 euros, or 0.4 percent higher compared to January. The price per square meter of a house was 1,558 euros and fell by 1.2 percent compared to January. The price of apartments by the sea also fell by 0.7 percent compared to January, averaging 2,266 euros per square meter. Significant differences in asking prices were recorded between apartments on the northern Adriatic and those on the central and southern Adriatic. Thus, the average asking price for an apartment in Split was 2,578 euros per square meter, while in Pula it was 1,604 euros.