After a challenging couple of years the Croatian property market is slowly recovering and house prices are once again on the increase. Property prices are on the rise again in Dubrovnik with reports showing that the average price per metre squared almost 4,000 Euros.
According to reports by the specialised property website Crozilla.com house prices in Dubrovnik in July rose by 2 percent on June and are now 3,796 Euros per metre squared. And in spite of these high prices the interest in the Dubrovnik region, particularly from foreign buyers, is gaining confidence. “Once again we are in the situation where the demand is higher than the offer,” commented a Dubrovnik real estate agent.
On a country wide scale property prices have increased by 4.6 percent so far this year, with Dubrovnik having the most expensive house prices in the whole of Croatia. In comparison to Dubrovnik the average price per metre squared in Split is 2,321 Euros, in Zadar 1,880 Euros and Sibenik 1,583 Euros.
Data revealed by the property website indicated that as far as foreign buyers were concerned the most interest was shown for homes in Zagreb, Pula, and Split. And the most numerous foreign buyers were from Germany, Switzerland, Austria, Sweden and Slovenia.