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Russian buyers fall in love with Croatian real estate

Written by  May 16, 2016

Last year an incredible 438% more Russians bought real estate in Croatia in comparison with 2014. The rate of growth in real estate trading in Croatia increased in 2015 mainly due to foreign buyers.

As far as foreigners are concerned, Slovenians and Germans own the most real estate in Croatia. This data were presented at the 25th Real Estate Management Forum organized by the Croatian Chamber of Commerce in Zadar this year. According to the statistics of the Croatian Chamber of Commerce the average price of real estate in Croatia has dropped by almost 3% whilst the average price of residential real estates in the EU has increased.

The statistical data of the Croatian Chamber of Commerce show that the real estate market in Croatia has been stagnating for several years now whilst building and agricultural land trading has also declined.

The proposed real estate taxes should be introduced with extreme caution in order to avoid the negative effects on the majority of the Croatian citizens as well as on the Croatian economy in the whole, was the conclusion of the Real Estate Management Forum held in Zadar.