Not only are the prices in the Croatian real estate market rising but also the monthly rent of an apartment is on the way up. The specialised website Crozilla.com has released data showing that rental prices in the capital Zagreb meaning that an apartment that cost 350 Euros last year is now on the market for 400 Euros.
Not only is the price rising but also the demand, in fact in September alone demand for apartments ranging from 20 to 40 metres squared was up 14 percent on last year.
For apartments of between 40 and 60 square meters, the advertised values, compared to the previous year, increased by 19.4 percent on average in Zagreb. In fact, these smaller, so called commercial apartments, saw the largest price increase but also larger apartments rose. The average price of a 100 metre squared apartment rose by 8 percent.
And whilst the rental scene in Dubrovnik and Zagreb is fundamentally different the rental prices in Dubrovnik have also risen. However, the main problem for tenants in Dubrovnik is actually finding a landlord that will rent on an annual basis. The vast majority of apartments in Dubrovnik are rented through the summer season to tourists and then a portion of these are then rented to students through the winter period.