If we look at the larger cities, the largest jump in requested prices is present in Dubrovnik (12%), Split (5%), Pula, Šibenik and Kaštela around 4%.

Agencies dealing with the sale of real estate say that in recent months, demand for apartments has increased, mostly due to a new law on subsidizing mortgage loans, which will have the state pay half of the interest rate for the next four years for people who do not own an apartment. These loans should not have an initial interest rate higher than 3.75 percent, but the government is convinced that the price of the loan will be lower, writes Večernji list.

The proposal of the law prescribes that interest rates should not be changed for the first four years, and an insurance against price increases is built in for the next two years, so that the loan can become more expensive by a maximum of 10 percent, which means that the interest rate should not go above 4.12 percent for the next two years. After six years, the price of the loan will be determined in accordance with market conditions and the regulations set by the Law on Consumer Credit, under which the prices of loans can be changed twice a year, depending on the Euribor (the price of the euro on the EU interbank market) or the national reference interest rate.

Recently, a contract was also agreed upon with the medical chamber for a line of credit to doctors with a fixed interest rate of 3.3 to 3.5 percent for commercial mortgage loans, which is likely to have affected the increased interest in real estate. The state will secure subsidies in the budget for approximately 1,000 apartments, with the subsidy being possible for real estate worth up to 100,000 euros, or whose square meter is not more expensive than 1,500 euros. If the buyer (younger than 45 years old who meets the other conditions) chooses a more expensive real estate, the difference in price will not be subsidized. Initially, it was thought that the boundary for subsidies would be 1,900 euros per square meter, but the Government finally lowered the boundary to 1,500 euros after being warned that due to this administrative decision, an artificial pressure on the price increase of real estate would occur.

From the ad of Njuškalo, through which 1.66 million real estate are currently being sold, sellers are saying that in May, they requested an average of two percent more money than in the same month of the previous year. If we look at major cities, the largest jump in requested prices is present in Dubrovnik (12%), Split (5%), Pula, Šibenik and Kaštela around 4%, Zadar and Zagreb slightly more than 3%, but prices in Bjelovar and Vukovar decreased by 8%, in Vinkovci by 5%, in Sisak and Slavonski Brod by 3%, and in Osijek and Varaždin by around 2%.

Source: Poslovni.hr

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