Do not buy real estate according to the current market prices, the real estate market will still face a serious test. Some of the titles that we can read or hear in these days after the coronavirus crisis. "Is it indeed like that?", commented Boro Vujović, deputy president of the Association of Business of Real Estates within the Croatian Chamber of Commerce. From 2016 and 2017 the market has been in constant growth, which peaked at the beginning of this year. Announcements started that something was to happen, but the fact is that the prices have not been adjusted compared to what they were until March 15, according to Vujović. - The current situation is different and in the last cycle, quality projects have been built on good locations, and there is no large number of unsold apartments. What will happen until the end of the year, considering the BDP drop, Vujović says that it can be inferred now that banks have changed the conditions. - The credit capacity is decreasing and the potential for purchase is decreasing, and automatically, the demand is decreasing. Will the BDP drop cause the prices of real estate to drop, Vujović says that in the previous crisis, banks did not give moratorium. - That means that now housing will not come onto the market, which the citizens are not able to finance at this moment. It should be taken into account that in the last three years, over 50% of real estate has been purchased from savings. Why would someone who paid 2000 euros square today sell cheaper, emphasized Vujović. - I am not sure if a large drop in prices is a tale that holds water, the prices of average real estate will be corrected, but good real estate on good locations will keep its price the way it is, adds. There will definitely be situations that will be individual and people will sell. It depends on how the season will pass, this is a critical year, and it's important to know who is in what starting position, thinks Vujović. There was a major disruption on the market. Everything is different now than it was until March 15. In Zagreb, the earthquake that destroyed a large number of apartments is significant, according to Vujović. - As for APN, it had an impact because it was short-lived, so we had a high demand in a short time, which led to a rise in prices. Now, many buyers expect the autumn APN, so now that the market is unstable, APN has its good role, Vujović said. Prilog view on the link: https://www.youtube.com/watch?v=L8C3nyW_zvc source: vijesti.hrt.hr

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