Data from advertisements for real estate on Crozilla.com showed how median advertised prices of apartments in Zagreb recorded growth both on a monthly and yearly basis during August. In addition to the growth in prices, demand for apartments in Zagreb has also increased, and one of the reasons for this is the Law on Subsidized Mortgages, which, according to the words of Borislav Vujović, director of the real estate agency Opereta d.o.o., had a significant impact on the market: "It first led to a slowdown on the market, and then it led to euphoria that resulted in increased prices." Borislav Vujović says that the market in Zagreb is currently stable, and the situation has slightly calmed down after the end of APN registrations, but demand is still present for newer apartments in the tram zone. The median advertised price of Zagreb apartments, according to data from the advertisements on Crozilla.com during August, was 1,698 euros per square meter, but it should be taken into account that the requested prices are usually higher than those at which the properties are ultimately sold. The statistics of the agency Opereta d.o.o. show that the average realized price of Zagreb apartments is 1,450 euros per square meter, with Vujović's words that prices range from 1,000 euros per square meter for older apartments on the periphery to new construction in the tram zone at 2,800 euros per square meter. According to the data of the advertisements on Crozilla.com, the largest year-on-year increase in requested prices for apartments was recorded in the New Zagreb area where, on average, 1,340 euros were requested per square meter, which is 5.6% more than last year, and 6.3% more than in August 2015. The highest prices of Zagreb apartments, according to the data of the advertisements on Crozilla.com, during August were, as usual, recorded in the city center where, on average, 1,988 euros were requested per square meter, which is 5.4% more than in 2016, and 4.7% more than a year ago. The eastern part of Zagreb recorded a yearly increase in prices of 5.2%, and at the same time, the smallest increase compared to August 2015, which was 1.8%. The average advertised price of an apartment, according to the data of the advertisements on Crozilla.com, on that part of the city was 1,587 euros per square meter. The smallest yearly increase in prices of Zagreb apartments was recorded in the western part of the city where prices increased by 3.5%, and for one square meter, on average, 1,526 euros were requested, which is 4.6% more than in August 2015.

Houses in Zagreb are in a price drop

The prices of Zagreb houses, according to the data of the advertisements on Crozilla.com, recorded a decline in monthly values of 0.5% during August, while on a yearly basis, they recorded a decline of 2.3%. The price of a square meter of a house, including the price of the land, was, on average, 1,201 euros during August. If we compare the prices of houses and apartments, the data of the advertisements on Crozilla.com showed that during August, apartments were almost 30% more expensive than houses, and at the same time, demand for them was higher than for houses. Vujović tells Crozilla.com that houses in Zagreb are still poorly sought after and sold, "except for the center and the wider center of the city where demand has slightly increased."

Center is the most sought-after part of the city

The data of the advertisements on Crozilla.com showed that the center was, during August, still the most sought-after part of Zagreb, and, in addition to its properties, people were also looking for apartments on the Trešnjevka, Maksimir, Dubrava, and Jarun districts. Source: news.crozilla.com

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