Homes and houses in Croatia have risen in price this year on average by 10 percent, according to the Croatian Chamber of Economy. However, the prices are uneven. For the price of a garage in Dubrovnik, you can buy a whole house in Vukovar.

Prosodic average cost of an apartment in Dubrovnik in September was almost 3,900, and houses 4,700 euros per square meter. "There are people who have money, of course, and there are foreigners who buy, there are a lot of people who are sailors or businessmen and they have some savings," reveals Frano Bezić, a real estate agent. One of the houses in Vukovar is sold for 35,000 euros, or it is worth as much as eight square meters of a house in Dubrovnik. "Here on the east coast, wages are much lower, there are fewer people, and there is much more supply of real estate," explains Ružica Dufek, owner of a real estate agency. In the past year, real estate prices in Slavonia have risen by three percent, on the Adriatic by nine, and in Zagreb- even 14.5 percent. "Each market follows the supply and demand, so we can say that all areas along the Adriatic and larger cities like Zagreb are recording growth and sales, and real estate prices," explained Branko Papeš, president of the Group of Real Estate Brokers PGŽ. The growth of real estate prices in Croatia in the past year is 10.4 percent. In Europe, we are in third place, after Hungary with 14 and Luxembourg with 11.4 percent. There are several reasons for the rise in real estate prices, the Croatian Chamber of Economy says, and one of them is subsidized housing loans. "In general, the economic situation is good, the positive climate is automatically reflected in the real estate market, and on the other hand, tourism has done its part, meaning a lot of apartments have been converted, bought to be rented out as apartments," says Borislav Vujović, deputy president of the Real Estate Business Association HGK. Borislav Vujović

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