October 7, 2024 – No one will be surprised, but the sky-high real estate prices in Croatia are rising more than in other parts of Europe.
As Poslovni Dnevnik writes, if we look at the situation on a yearly level, the average price of housing was 10% higher. Croatian real estate prices have been a very hot topic for the past year or so, and most people who have been following the legend that Croatian real estate prices are rising faster than the EU and Eurozone average are shocked. Probably not.
Marco Picek/PIXSELL
Looking only at eurozone countries, Croatia recorded the highest annual growth rate between April and June. The average price per square meter of new apartments sold in the Republic of Croatia in the first half of 2024 was EUR 2,377.
At the same time, the average price per square meter of newly built apartments in the city of Zagreb was 2,830 euros, an increase of 7.9% compared to the previous year. It was 2,059 euros per square meter or 7.5% higher in other settlements across the country, according to data from the State Statistics Office (CBS/DZS).
Real estate prices in Croatia are exacerbating an already problematic situation. Despite government support for young families looking to secure their first property and hit the ground running, problems persist and are exacerbated by seasonality and foreign buyers.
Back in June of this year, several experts said that the real estate and current pricing situation was unrealistic. Nevertheless, rising costs continue to cause widespread problems across the market.
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