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Commercial real estate sales drop by a fifth in Croatia last year Image by Hands off my tags! Michael Gaida from Pixabay

Commercial real estate sales drop by a fifth in Croatia last year

Written by  Jul 28, 2021

After several years of expansion, the number of sold commercial real estate in Croatia decreased by a fifth last year and fell below 2,000.

Similar to residential properties, the most expensive commercial real estate was sold in Dubrovnik, around 15,000 Kuna per metre squared, followed by Poreč with 11,000 Kuna. Whilst the average price of commercial real estate in the capital Zagreb was 8,000 Kuna per metre squared.

Sold commercial real estate reached a value of almost three billion Kuna, which is 3 percent more than in 2019. Analysts at the Croatian National Bank, for their part, note that the pandemic has had a different impact on activity in the commercial real estate sector. There is a surplus of free office capacity while on the other hand the availability of logistics space has slightly decreased.