In May, the average price of houses in Zagreb was 1660 euros per square meter, which shows a slight difference of 0.3 percent compared to April, reports the portal Crozilla.
On average, Pula and Zadar recorded about five percent lower prices per square meter of houses during May, while Split recorded the largest price difference, where 1655 euros were needed for one square meter. Although it records the highest growth, Osijek has the cheapest houses, while Zadar, which records a monthly decline, has the most expensive ones. According to data from the portal Crozilla, on an annual basis, price increases are recorded in Zagreb, Zadar, and Split, while Osijek and Pula see declines. One of the largest price changes over the past year was recorded in Osijek, where in 2009 the price per square meter of houses was 1090 euros, which dropped to just 839 euros this May, marking a significant difference of 23 percent. Pula recorded a difference of 2.5 percent, where the square meter was priced at 1538 euros in May. The Zagreb market passed through May without significant changes, recording a slight increase of 0.5 percent compared to the same period last year. In Dalmatia, the price per square meter of houses is on the rise, with an increase of 5.3 percent in Split, while in Zadar the price is about 20 percent higher. The tourist season is knocking on the door, but it does not bring significant changes in house prices – it is expected that prices will only slightly rise along the Adriatic. A cash buyer today could be likened to an endemic species, and given that they are in a more advantageous position, they might succeed in negotiating prices.
Croatian houses among the cheapest in Europe
In Croatia, houses are still expensive for the circumstances of our citizens, but compared to Europe, they are quite affordable. One of the most well-known real estate portals, Global Property Guide, compared house prices in Europe, and the portal Crozilla took over and processed their data. According to their statistics, houses in Croatia are much cheaper than in the rest of Europe. Moreover, out of 35 compared countries, we are almost at the very bottom, i.e., in 31st place on the ranking. The most expensive square meter of houses is held by Monaco, which is twice as expensive as the second place in the United Kingdom. You will pay for one square meter of house in Monaco the same as for a space of 16 square meters in Croatia. In third place is Russia, which is almost three times more expensive than Spain. Houses in many of our neighboring countries are more expensive than Croatian ones, such as those in Slovenia, Montenegro, or Italy. Montenegro, which has become a popular tourist destination, ranks 17th and is twice as expensive as Croatia. To buy a house in Germany, you will need to spend 23 percent more money than for a house in our country, which, considering the different living standards, is not such a big difference. It is therefore not surprising that a large number of Croats, after employment, decided to live in that European country. Just three places below Germany are our neighbors, the Slovenians. They can boast that they are ahead of us, but this time it works in our favor, as they are 18 percent more expensive than our Beautiful Croatia. Czechs, loyal fans of the Adriatic Sea, will spend even 42 percent less money to buy our houses than in their homeland. A cheaper square meter of houses can only be bought in Latvia, Bulgaria, Hungary, and North Macedonia, thus placing the prices of our houses among the lowest in Europe. Ante Tabak, the director of the real estate and tourism portal, predicts that in the near future, due to market liberalization and favorable prices, Croatian houses could impose themselves as an interesting choice for foreign nationals. Additionally, the offer for housing loans introduced by some of our banks exclusively for foreigners further supports this. (www.crozilla-nekretnine.com)
