According to the Real Estate Price Index, the asking prices of real estate are declining both annually and monthly.
Compared to July 2012, the asking prices of real estate have fallen by 5.9%, while compared to last month, prices are down by just 0.2%, according to the analysis by CentarNekretnina.
In July 2013, compared to June, real estate prices in the Zagreb market are down by 0.3%. On an annual basis, compared to July 2012, the asking prices of real estate in Zagreb and its surroundings have decreased by 7.1%. It is important to note that the index is still below the level of 2006.
The average asking price of an apartment in Zagreb in July is €1,596/m2, which is slightly lower compared to June (-0.2%), and 6.6% lower compared to July 2012.
Compared to the same period last year, asking prices for apartments have fallen in all districts except in Gornja Dubrava, where the price is 1.9% higher than last year.
In only two districts in Zagreb, the average asking prices for apartments are above 2,000 kuna. The most expensive apartments are still in the Medveščak district, with an average price of €2,178/m2, followed by apartments in the Center district with a price of €2,027/m2.
The lowest apartment prices are in Sesvete, where the average price in July is
€1,139/m2, and in Donja Dubrava, where the price is €1,369/m2.
In addition to prices in Zagreb, real estate prices on the Adriatic are also declining annually (-4.3%). On a monthly basis, compared to June, prices have not changed significantly (-0.1%).
