The pandemic has brought many global changes on top of the impacts on the lives of individuals. In Croatia, everyone expected the pandemic and 2020 earthquakes to greatly impact property prices. Specifically, many thought prices would go down as people unloaded properties for which they could no longer afford the mortgage due to a lack of tourism.
That did not come to fruition.
In this post, we will summarize the state and trend of property prices in Croatia. If you’re planning on buying residential real estate in Croatia, then this guide will help set an expectation of how far your money will go.
In this post, we cover:
- Overview of residential real estate in Croatia
- Average property prices by major city
- Get help finding a property to buy
The facts are these…
Residential property prices in Croatia’s biggest cities
Property prices in Croatia
Property prices continue to rise despite the economic situation worsening. Many Croatian citizens share the opinion that it is better to be an owner of a property than to save money.
Buyers are demanding and cautious. They prefer to buy new apartments, which are lacking in the Croatian housing market. Apartments in old buildings are not as desirable due to their instability during the 2020 earthquakes.
The average prices of houses in August 2021 were 6% higher than the ones in August 2020 and 9% higher than in 2019. Average apartment prices in August 2021 were 3% higher than the ones in 2020, 8% higher than in 2019, and 14% higher than in 2018.
In 2022, the average apartment price has increased by 4.1% and the average price of houses has increased by 7.7%. Buyers become more interested in properties in rural areas next to big cities including Zagreb county, Krapina-Zagorje county, and Virovitica-Podravina county. Foreigners are very interested in Istria, Gorski kotar, and Zagreb. Almost every 4th buyer of a property in Croatia is a foreign national.
Low interests on savings accounts have also had a big impact on sales. Although, interest rates on loans are also very low, in the neighborhood of 2 to 3%.
The price per square meter can vary wildly depending on:
- Property size
- Whether or not the property has been recently renovated
- Proximity to the city center
- Proximity to the sea
To give you a ballpark of what properties may cost below is our quick pricing guide. We created this with guidance from a real estate agency. However, be aware that these prices may increase by 5-7%.
- ~ 100.000 € (a studio or small 1-bedroom)
- ~ 200.000 € (a renovated 2-bedroom apartment)
- ~ 300.000 € to 400.000 € (house, but not seafront)
- ~ 500.000 € (villa)
- ~ 600.000 € and above (seafront villa)
Stats on properties sold in Croatia in 2020
- Average price per square meter of apartments sold in 2020: 12.733,50 kuna
- Total number of apartments sold in Croatia in 2020: 3.222 (of which 1.705 were sold in Zagreb)
- Apartments – 4.151 € per square meter
- Houses – 3.523 € per square meter
- Apartments – 1.025 € per square meter
- Houses – 621 € per square meter
- Apartments – 1.793 € per square meter
- Houses – 1.422 € per square meter
- Apartments – 3.024 € per square meter
- Houses – 2.879 € per square meter
- Apartments – 2.472 € per square meter
- Houses – 1.730 € per square meter
- Apartments – 2.297 € per square meter
- Houses – 1.441 € per square meter
Average prices by Zagreb neighborhood
- Brezovica – 1.212,63 € per square meter
- City center – 2.500 € per square meter
- Donji grad – 2.567,70 € per square meter
- Jarun – 2.820 € per square meter
- Maksimir – 2.186,49 € per square meter
- Ravnice – 2.376 € per square meter
- Sesvete – 1.456,58 € per square meter
- Trešnjevka jug – 2.120,00 € per square meter
- Trešnjevka sjever – 2.201,97 € per square meter
- Trnje – 2.281,25 € per square meter
Buyers are now more interested in properties outside of the city, for example in Velika Gorica and Sveta Nedelja.
- Apartments – 797 € per square meter
- Houses – 436 € per square meter
- Gospić – 960 € per square meter
- Apartments – 3.417 € per square meter
- Houses – 2.405 € per square meter
- Apartments – 2.242 € per square meter
- Houses – 2.280 € per square meter
- Pula – 1.798 € per square meter
- Rovinj – 2.620 € per square meter
- Senj – 1.726 € per square meter
- Slavonski Brod – 936 € per square meter
- Apartments – 2.069 € per square meter
- Houses – 1.720 € per square meter
- Varaždin – 1.518 € per square meter
- Velika Gorica
- Apartments – 1.800 € per square meter
If you need help finding and purchasing a property, we can help! We have carefully vetted a network of real estate agents and lawyers who can help you buy real estate in Croatia with confidence.
- Answer all of your property questions
- Help you find the right property
- Help you purchase a property and represent you during the process
- Find property records
- Clean property titles
- Ensure you are not taken advantage of by property sellers
- Prepare and review contracts
- Help you sell a property
- Engage local contractors and interior designers
To get help from a vetted real estate agent, please share your needs with us using the below form. Based on those needs, we’ll match you with the right person best suited to help.
Check out our other property posts
- Guide on how to get a residence permit based on property
- How to buy residential real estate in Croatia
- How to find an apartment or house to rent in Croatia
- How to find property ownership records in Croatia
- How to get a mortgage loan in Croatia
- How to create a legally binding contract
- Things to know about getting a mortgage
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Please note: Information provided by Expat in Croatia is only for the purposes of guidance. It does not constitute legal or financial advice in any form. Croatian laws and bureaucratic rules often change, and each personal case is individual, so different rules may apply. For legal advice, contact us to consult with a licensed Croatian lawyer. For financial advice, contact us to consult with a licensed Croatian tax advisor or accountant.