From 2002 to 2015, a total of 25.5 billion kunas were invested in construction, of which 40 billion kunas were for apartments and 100 billion kunas for roads.

Optimization in apartment construction is definitely growing, and so is the number of completed apartments and building permits for new buildings. However, it does not follow the sale of newly built apartments, which is why it's no surprise that prices on the market are stagnant, or growing at a minimal rate in some parts of the market. Last year, 6,903 apartments were placed on the market, while only 2,791 new apartments were sold.

Last year, the most apartments were completed in Zagreb, Split, and Zadar, and it was also in those cities where sales of apartments were the fastest. The difference between the registered number of sold new apartments and new apartments on the market does not discourage investors in building objects, because more and more building permits are being sought. Permits have been issued for over 6,800 new residential buildings, in which there will be at least 8,000 new apartments, which is an increase of almost 30%. Last year, 852 new buildings were built, of which 68 were hotels and similar facilities, and 48 new office buildings. Interestingly, 87 new objects were made for trade purposes, and about 166 objects were made by builders for investors in warehouses and industrial facilities. Prices achieved on the market are stagnant.

The average price of new construction in Croatia, achieved on the apartments from which a portfolio of apartments from the incentive apartment construction was excluded, was 11,027 kunas per square meter, and in the first half of this year, it is three kunas lower. In Zagreb, it was 11,770 kunas for new construction, which is about four percent higher than the price in the same period in 2016, that is, by 350 kunas per square meter. The recovery of prices has been delayed because in 2015, the average square meter for new construction in Zagreb was paid 12,214 kunas. Construction is one of the most important Croatian economic branches, which is also evidenced by the fact that from 2002 to 2015, despite the crisis, 25.5 billion kunas were invested in construction. Of this, about 40 billion kunas were invested in apartment construction, about 100 billion kunas in road infrastructure, but only five billion kunas in industry.

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