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Real Estate Prices Rise, But the Gap Between Asking and Achieved Prices Grows Larger

Image by: foto Ratko Mavar

According to recently published data from the State Bureau of Statistics, the average price per square meter of sold new apartments in Croatia in the first half of this year was 2,994 euros, which is 8.7 percent higher than in the first six months of last year and 4.6 percent higher than in the second half of 2025. At the same time, the average price per square meter of new construction in Zagreb reached 3,518 euros, which is 18.9 percent higher than a year earlier.

The DZS collects data on new construction prices directly from some investors and other business entities that build and sell new apartments, so the statistics cover only a portion of contracted selling prices, not all new construction transactions in Croatia. On the other hand, real estate agencies analyze property prices based on listings, which differ from achieved sales prices, but at the same time show a significant difference between asking and achieved prices.

Thus, according to data from the Croatian Association of Real Estate Agents, based on 7,937 analyzed listings for apartments, the average weighted asking price per square meter is 3,717 euros, and the median is 3,701 euros, which is over 700 euros higher than the price that was achieved. Therefore, the average achieved price per square meter according to the DZS was as much as 700 euros lower than the price the seller was asking.

The highest asking price per square meter of an apartment in the first half of this year was recorded in Dubrovnik at 6,613 euros, while the lowest was in Vukovar at 1,590 euros. In Zagreb, the average weighted price per square meter, based on 2,984 listings, was 4,120 euros, which is about 600 euros less than the achieved price of sold apartments, which according to DZS data in the first half of the year was 3,554 euros. The highest asking price per square meter was recorded in Trešnjevka Jug (4,676 euros), and the lowest in Sesvete (3,065 euros).

Discrepancy Between Supply and Buyers’ Purchasing Power

– According to the analysis of the Croatian Association of Real Estate Agents, the average asking price for new construction in the first half of 2026 was 3,760 €/m2, while the DZS for the same period states the average achieved price of sold new apartments was 3,012 €/m2, which clearly shows a significant gap between sellers’ expectations and the prices that the market ultimately accepts. We believe that this difference is one of the important reasons for the sharp decline in the number of transactions: the expectations of some sellers remain too high, while buyers increasingly cannot or do not want to accept such prices, which is why properties remain on the market longer, and the number of realized sales declines – they say in HUPN and add that their data and DZS data complement each other well — HUPN shows how much sellers are asking, while DZS shows what price is actually achieved, with the difference between these two indicators clearly reflecting the current discrepancy between supply and the real purchasing power of buyers.

According to DZS data, in the first half of 2026, a total of 1,618 new apartments were sold in Croatia, of which 530 in Zagreb and 1,088 in other settlements. Of the total number of sold new apartments, only 15 were from the POS program, while 1,603 apartments were sold by commercial companies and other legal entities.

On the other hand, according to the analysis of advertised properties in Croatia, the Croatian Association of Real Estate Agents calculated that the weighted asking price for new construction per square meter is 3,760 euros, while for old construction it is 3,724 – a difference of one percent in favor of new construction. The median is simultaneously 3,690 euros for new construction and 3,750 euros for old construction. HUPN notes that of the total 7,937 analyzed listings for apartments, 4,390 properties for which there is no data on the year of construction were not included in the comparison, but they are included in the overall indicators.

Increase in Housing Costs

At the same time, the weighted asking price per square meter for houses is 1,772 euros, which is more than twice less than the advertised prices for apartments (3,717 euros per square meter). The average asking price per property is 257,914 euros, with an average area of 69 square meters.

POS apartments remain significantly cheaper than market new construction. Their average price in the first half of the year was 1,410 euros per square meter, which is 13.3 percent higher than in the first six months of last year, but also 13.1 percent lower than in the second half of 2025.

The broader picture shows how much the cost of housing has increased in the meantime. Prices of residential properties in Croatia have risen by 129 percent over the past ten years, so for the amount that could buy a 116 square meter apartment ten years ago, today only about 50 square meters can be purchased.

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