According to data from the portal Crozilla.com, the largest increase in construction land prices was recorded in the city of Zagreb, where prices rose by 5 percent compared to August.
Prices of Zagreb land are due to the highest demand and are thus the highest, with a square meter costing as much as 221 euros. The Split-Dalmatia County remains resistant to recession and has been continuously recording an increase in construction land prices for several months. Compared to the previous month, prices increased by 3.2 percent and now amount to 198 euros per square meter. After a period of falling land prices, Zagreb County is now recording a slight increase of 0.8 percent, with the square meter in that area costing 86 euros.
Primorje-Gorski Kotar and Zadar Counties are recording a decline in land prices. In Primorje-Gorski Kotar County, the price per square meter fell by 2.1 percent to 118 euros, while in Zadar County it fell by as much as 9 percent to now stand at 129 euros. The city of Zadar, where the demand for construction land is very high, maintains an average price of land at 150 euros per square meter. According to data from the portal Crozilla.com, construction land prices in Pula and Osijek remained the same compared to the previous month, hovering around 140 euros per square meter.
Statistics from the portal Crozilla.com show that the highest demand for land is in the areas of the city of Zagreb and Zagreb County, followed by the areas of Zadar, Split-Dalmatia, and Istria Counties. Foreigners who have started searching for available construction plots through the portal Crozilla.com have shown the greatest interest in land along the Adriatic. The largest number of foreigners who wanted to buy construction land in September and August were again predominantly Swiss, followed by Germans, Slovenians, citizens of Bosnia and Herzegovina, Austrians, Serbs, and Canadians, who show the greatest interest in construction land in Primorje-Gorski Kotar County.
According to data from the State Bureau of Statistics, construction works in July of this year were down by 19.2 percent compared to July 2009, while in the first 7 months of this year they were down by 17.9 percent compared to the same period last year. The reasons for this can be found in low demand and a large number of unsold apartments, which are, among other things, caused by a decline in purchasing power. Therefore, it is assumed that investors will build properties or purchase land for construction only in carefully selected locations where property purchases are highly desirable. Such properties will be particularly interesting to potential buyers.
