Housing prices are once again going wild

According to data from the State Office for Statistics, homes have increased in price by around 7.5% in a year, while new constructions have risen by over 10%. Experts warn of a discrepancy between the asked and realized prices, adding that nearly every sixth property is sold at a loss due to overpriced prices.

Tin Palanović found his first home and is satisfied

Tin Palanović found his first home, a three-room apartment in a 40-year-old building, in the Zagreb neighborhood of Travno. The price was 1,950 euros per square meter.

"Demand took up to two and a half years, and I can now say that I'm happy with the buyer. Finally, we found an apartment for the girl and me," Tin said.

Old construction is more affordable, but new ones drive up the average price

Although old construction is more affordable, new properties have pushed the average price per square meter above 2,000 euros. Demand, however, remains stronger than supply, despite the high prices.

Borislav Vujović from a real estate agency in Zagreb notes that in recent times, certain apartments that were previously rented out short-term are being put back on the market, either through long-term rental or sale.

Prices on the coast are breaking records

Housing prices in coastal areas are breaking records. For example, in Split, the southern parts of the city with sea views, like the district of Meja, where a square meter can cost up to 4,500 euros. Bačvice and Žnjan follow, with an average price ranging from 2,800 to 3,000 euros per square meter, says Srđan Javorčić from a real estate agency in Split.

Slavonia is on sale!

Due to lower wages and migration of the population, houses in Osijek can be purchased for 60,000 euros.

"It's possible to expect that in two or three years, what people have bought now will start to be sold again. There won't be anyone to buy it, and prices will fall," predicts Marijan Matijević from a real estate agency in Osijek.

Property owners overestimate the value of their property

House owners often overestimate the value of their property, leading to a discrepancy between the asked and realized prices.

"The subjective view of the seller towards the property can mislead buyers and drive up prices even more. Then, property owners, believing they can get those unrealistic prices, raise the prices even higher," says Dubravko Ranilović, president of the Association of Real Estate Businessmen.

Experts expect prices to slow down by the end of the year

Experts warn that prices are expected to continue growing, but at a slower pace, approximately 3-4%, until the end of the year, making this year the most expensive year in real estate market.

About us

Information

Services

About us

Information

Services