It's worth considering that the prices of newer buildings in the city centre are stable and more attractive than they were before. Their prices are rising, but since there are fewer of them, they don't affect the prices in the city centre.

During the quarantine, when the economy was closed, the real estate market almost came to a standstill. After the opening - interest in real estate in Croatia is rising again. The situation on the market here now can be described as almost normal, considering that the demand is quite high, while there are significantly fewer quality real estate properties available than are being sought after. Besides Zagreb, Rijeka, Osijek, Split, Pula and Zadar are the cities in which the offer of apartments for sale has been the most searched for in recent times. The Deputy Chairman of the Croatian Chamber of Commerce's Association of Real Estate Business, Borislav Vujović, said that real estate in the centre of Zagreb has become unattractive due to the earthquake. He pointed out that an attractive location is not the building itself. Vujović said that the sought-after price is around 500 euros lower than it was prior to March 15. "With this, it's worth noting that the prices of newer buildings in the city centre are stable, and they are more attractive than they were before. Their prices are rising, but considering that there are fewer of them, they don't affect the prices in the city centre," he emphasized.

People are searching for land outside the city

Vujović added that people who survived the earthquake in Zagreb want to leave the city and are looking for land to build their own quality and safe houses. He pointed out that the coronavirus has also contributed to leaving the city centre. "Interest in peripheral locations and houses and land on those locations has increased," said Borislav Vujović. He emphasized that the prices on those locations have not risen as much as it is now to buy land and houses there. "The market was much smaller than it is today. However, the situation has changed now," he said.

Interest from foreigners in coastal real estate

Regarding the coast, he said that there is a great interest from foreigners in buying real estate. "This year there was a huge demand, our traditional buyers from Slovenia, Austria and Germany are coming and looking for real estate," he said. Vujović added that foreigners don't only look for first-line apartments to the sea, but also houses in isolation. Vujović said that the market collapse did not occur, but no growth is expected either. He added that those who can use subsidized credits through APN should use them. He emphasized that the situation is different now than in 2008, as we have historically low interest rates on savings and loans. "It's hard to compare the situation then and now," he said.

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