Record growth recorded in Croatian property asking prices

Zagreb (Photo: Marko Vrdoljak/Zagreb TZ)

Asking prices for apartments in Croatia are up a record 7% from the same period last year whilst asking prices for houses were up 4.5% according to the latest analysis of over 154,000 listed property sales on portal Njuškalo.  

Comparing current asking prices to 2016, the average asking price per square metre for apartments in Croatia has jumped by 12%, while square metre prices for houses had grown by 7%. 

The rise in asking prices in parts of Croatia is the effect of an increase in demand, with Njuškalo saying there has been a 9% increase in visitors searching for listed properties in the last year and 17% since 2016. 

According to Njuškalo’s annual index, the asking price per square metre for property in Croatia has risen by 8% in October, which is a monthly record. 

In the capital Zagreb, the average asking price per square metre for apartments is currently €1,933, which is almost 10% more than in October 2017.  

Whilst the average square metre price in Zagreb is €1,933, the amount varies considerably between suburbs in the city, starting from €3,000 in Tuškanac, to €1,000 on the fringes of the city. In the heart of the city centre, the average asking price per square metre for an apartment is €2,458.  

Whilst there has been significant growth in asking prices for apartments, the average square metre price for houses in Zagreb only grew by 1% to €1.283. 

It is not just Zagreb which is experiencing growth in asking prices. In Split and Zadar asking prices per square metre for apartments have grown 12% year-to-year. 

Again asking prices for houses saw less growth with Split recording 6% growth and Zadar dropped 1%. Osijek, in the east of Croatia, saw a change in trends and recorded growth in asking prices for apartments of 3%. 

Dubrovnik is still the most expensive city in Croatia for asking prices per square metre where the average square metre for houses grew by 24% to €4,655. 

The average asking price per square metre in Dubrovnik in October for apartments was €3,767. 

Below are the average asking prices per square metre in euros for apartments and houses around Croatia, according to Njuškalo.

(Njuškalo)