House Prices in Croatia Higher in the First Half of This Year

Lana Mihaljinec Knežević, a real estate expert, Association of Management of Real Estate HGK, said that it's important to stop talking only about house prices and start discussing other aspects that influence the real estate market. She added that the real estate market in Croatia is very segmented. - When speaking about the real estate market, we refer to three markets: Zagreb, coastal areas and continental regions. We also need to discuss the market through the lens of used properties and new developments. When it comes to used properties, we talk about houses, apartments and land. Over the past few years, neither house prices nor the number of transactions have grown the same way depending on the region and type of property. All the claims that the market is simply growing are not accurate. The data on realized prices and the number of transactions show that the market is very segmented and that trends differ by region and type of property. We need to be much more analytical when discussing the real estate market, said Mihaljinec Knežević. She added that apartments have always been one of the most sought-after products on the real estate market. She mentioned that in some years, agricultural land was purchased while the past year, as well as a few years ago, saw the highest demand for apartments. The average price per square meter for a new apartment in the capital of Croatia in the first half of this year was 2,623 euros, while the average Zagreb salary was 1,303 euros. Prices in Zagreb were higher compared to last year by 6.9%. HTV's Otvoreno program covered the topic of house prices, why prices are constantly rising and whether they are overinflated.

3 Real Estate Markets in Croatia

The average price per square meter for a new apartment in the capital of Croatia in the first half of this year was 2,623 euros, while the average Zagreb salary was 1,303 euros. Prices in Zagreb were higher compared to last year by 6.9%. HTV's Otvoreno program covered the topic of house prices, why prices are constantly rising and whether they are overinflated. Preuzeto s: vijesti.hrt

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