Property prices across Croatia are continuing to climb even with the uncertain economic trends in the pandemic. But the pandemic has led to a slight drop in property sales.
According to the Croatian Chamber of Commerce about 32,000 properties were sold in Croatia last year, 3,000 less than in the year before the pandemic. And the Croatian capital continues to be the hotspot for property investors. In Zagreb and the Zagreb County, twelve thousand were sold last year, which is twice as much as in 2015. And the rise in prices was stimulated by favourable financing conditions, subsidies for housing loans, stability of employment and income, growth in household savings. On the other side of the coin property sales in Dubrovnik dropped last year, although prices didn’t decrease.
"It should be noted that this increase in real estate prices is primarily caused by rising prices of newly built apartments for which there is a special demand in the city of Zagreb after the earthquake," said Dubravko Ranilovic of the Croatian Chamber of Commerce.