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Property prices in Croatia continued to rise in 2020 despite global pandemic Image by Dimitris Vetsikas from Pixabay

Property prices in Croatia continued to rise in 2020 despite global pandemic

Written by  Apr 13, 2021

Housing prices in Croatia in 2020 were 7.7 percent higher than in 2019, with new construction rising by 1.2 percent and existing buildings by 8.5 percent, according to data from the Central Bureau of Statistics (CBS), which are based on the value of housing transactions.

Thus, in 2020, the growth of residential real estate prices continued, which has been present since 2016. But growth slowed compared to 2019, when real estate prices rose nine percent from 2018.

During the last year, the prices of residential buildings in Zagreb were on average 8.5 percent higher than in 2019, in the Adriatic 6.3 percent, and in other areas 10 percent higher.

Housing prices, measured by the housing price index, in the fourth quarter of 2020 compared to the fourth quarter of 2019 were on average 6.4 percent higher.

In the fourth quarter of last year, the price of new construction was higher than in the fourth quarter of 2019 by 0.2 percent, and existing housing by 7.3 percent.

The CBS housing price index measures the movement of market prices of housing purchased by households regardless of the previous owner or purpose of use. The value of the land is included in the market price.

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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