Property Prices Rise 2.3% in Croatia Last Year

Dubrovnik is the most expensive area in the country

Real estate prices in Croatia in 2017 rose 2.32% compared to the previous year of 2016.

Apartment prices increased by 4.83% last year, whilst house prices were up 2.5%. 2017 was the second year in a row in which real estate prices went up in Croatia after prices were stagnant in 2015, and dropped in 2013 and 2014, HRT reports.

According to annual price indexes, there was above average growth in property prices in the capital Zagreb, Pula, Split and Zadar. Rijeka, on the northern Adriatic coast, saw prices rise below the average for the country.

In Zagreb, in 2017 the price of apartments went up 8.3%, whilst house prices only increased by 0.3%. However, when comparing apartment prices in Zagreb today with those back in 2011, they are 2.24% lower today. House prices are 17% lower in Zagreb today than they were in 2011.

Zagreb (Photo: Robert Marinkovic/Pixabay)

The suburbs in the capital which saw the biggest rises in 2017 were Kruge and Zapruđe where prices rose 24% and 23% respectively.

Novi Zagreb – east recorded the biggest jump in house prices last year – 15%.

The biggest Croatian city to record the biggest jump in square-metre prices for apartments was Pula in Istria where prices were up 11% last year compared to the year prior.

Currently in Pula the average price per square metre for an apartment is 1.485 euros.

Pula

In the east of Croatia in Osijek, the average price per square metre for an apartment is 927 euros, 1.8% down from 2016.

Dubrovnik is still the most expensive city for property in Croatia. In the Dubrovnik-Neretva County, the average price per square metre for an apartment is 2,494 euros, whilst the average price per square metre for a house is 2,100 euros.

Dubrovnik