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Dubrovnik continues to be the most expensive real estate region in Croatia – Split and Zagreb on the rise

Written by  Mar 31, 2023

The average asking price of a square metre of a house in Croatia increased last year by 15 percent compared to 2021, to 1,863 euros, and an average of 2,658 euros was asked for a square metre of an apartment, which is an increase of 17 percent, according to an analysis by the Njuškalo portal.

Last year, more than 70 percent of the demand was for apartments in the price range from 1,500 to 2,500 euros per square metre, and in terms of surface area, the most popular were those from 41 to 60 square metre and then from 61 to 80 square metre.

When it comes to the demand for houses, the largest percentage of potential buyers, 49 percent of them, showed interest in houses from 51 to 100 square metre.

Apartments from 41 to 60 square metre and houses from 51 to 100 square metre were most in demand in Zagreb.

While the City of Zagreb is still one of the most interesting areas, with the highest supply and demand, the highest price growth in the entire country was achieved in the Zagreb County. The asking price per square metre of a house in that county increased by 18 percent last year to an average of 967 euros, while the square metre of an apartment rose by 30 percent to an average of 2,052 euros.

According to data from Njuškal, the Dubrovnik-Neretva County (2,843 euros), Split-Dalmatia County (2,753) and Istria County (2,559 euros) occupy the first three places when it comes to the average price of a residential square metre in Croatia.

Along with Dubrovnik, Split is the most expensive city in Croatia to buy real estate. Namely, in Split, both apartments and houses went up in price by 12 percent last year in both real estate categories, and the average price per square metre of a Split apartment was 3,495 euros, while potential buyers had to shell out an average of 3,697 euros per square metre for a house, the analysis shows.

If we go further east, the relationship between supply and demand changes drastically - the demand for real estate in continental Croatia, with the exception of Zagreb, is significantly higher than the supply. However, this does not mean that there are not enough properties for sale in these counties, but that they do not meet the needs of the market and are not interesting to buyers.

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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