Property Prices up on Adriatic Coast – Down in Zagreb

Asking prices for real estate in Croatia fell 0.3% in April, and 1.8% from the same period last year, according to CentarNekretnina’s latest index…

In April 2014 the average asking price for property in the capital Zagreb was 0.3% lower than in March, and on a yearly level it had fallen 3.6% from the average asking prices in April 2013. The average asking price for an apartment in Zagreb in April was 1.555 euro/m2. Prices had fallen in all suburbs of the capital, except in Novi Zagreb’s West.

Only one suburb saw average asking prices go above 2,000 euro, that was the suburb of Medveščak (2,109 euro/m2). The city centre was the second most expensive area (1,977 euro/m2).

Whilt prices continue to drop in Zagreb, property on Croatia’s Adriatic coast rose in April. The average asking price on the Adriatic coast was up 0.2% from March, and 0.5% from the same period in 2013. The average asking price for a house on the coast in April was 1,572 euro/m2, which was 1.7% more than in April last year. The average asking price per square metre for an apartment on the Adriatic coast was down 1.2% from March, but up 1% on a yearly level to 2,011 euro/m2.

Besides the Dubrovnik-Neretva and Split-Dalmatia counties, Primorje-Gorski Kotar and Istra counties saw prices rise above the 2,000 euro/m2 mark. Zadar county was once again among the most affordable counties along the coast, with the average asking price 1,603 euro/m2. Looking at Croatia’s major cities, apartment asking prices fell 6.8% since April 2013 in Split, 1.7% in Rijeka and 2.7% in Osijek.