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November 07, 2008

Croatia Property Price Survey – Nov 2008

Posted in: Buying property in Croatia

property survey prices

The lowest and the highest property prices (per sq. m.) in Croatia

Croatia property prices across the country are the focus of a major property price survey published this week by Jutarnji List, one of Croatia’s most widely read daily newspapers.

Based on published asking prices, the survey concludes:

  • apartments in Dubrovnik, Split, Opatija and Zagreb are priced higher than the average
  • properties in the Vukovar-Srijem, Virovitica-Podravina and Koprivnica-Križevci regions are priced far below the average
  • best buys for a a property on the coast are a house, apartment or flat in the counties of Istria, Primorsko-Goranska (the county includes Gorski Kotar and Krk Island), Zadarska, Sibensko-kninska and Lika-Senj
  • the most expensive coastal properties are to be found in Dubrovacko-neretvanska and Splitsko-dalmatinska counties

Four walls for EUR 76 per sq. m. but also for EUR 13,551 per sq. m.

The survey headline says it all. A wide variation in asking prices is reported across all regions of Croatia. Even in the “cheaper” counties a wide variation in asking price can be found, with property prices range from EUR 400 per sq. m. up to EUR 3,300 per sq. m.

The most expensive (sq. m):
EUR 13,551 - Dubrovnik
EUR 10,140 - Zagreb
EUR 10,137 - Split
The cheapest (sq. m.)
EUR 76 - Sisak County
EUR 109 - Vukovar County
EUR 110 - Osjek County

A typical price variation example quoted is that of an old stone house on the Peljesac peninsula measuring 457 sq. m., priced at EUR 104,000 (EUR 230 per sq. m). This is 15 times cheaper than the average of EUR 3,545 per sq. m. to be found in Dubrovnik county – and 58 (!) times cheaper than the most expensive property in Dubrovnik, priced at at EUR 13,551 per sq. m - the most expensive square metre of property in the whole of Croatia.

Location, location, location

The survey comments that Croatia is no exception to anywhere else - location is the major factor underpinning property prices.

Zagreb is currently rated as a very expensive area, where the asking price for an old house in the most prestigious residential area of Tuskanac is EUR 10,140 per sq. m; whilst on the island of Brac the most expensive square metre of villa is EUR 10,137 per sq. m.

Equally expensive real estate can be found in Istria, where the owner of a holiday house of only 60 sq. m. is asking EUR 646.000 for the whole property. At EUR 10,600 per sq. m. its the most expensive property per sq. m. in the whole of Istria.

Traditionally, Opatija (in the Kvarner, Primorsko-Goranska county) is extremely expensive, where according to data portal Njuškalo.hr the most expensive apartment is priced at EUR 9,615 per sq. m. According to Centarnekretnina.net, the most expensive Opatia property is a four bedroom apartment in the centre of Opatia priced at EUR 7,009 per sq. m. The most expensive Istrian town is Rovinj, with an average price of of EUR 2,668 per sq. m. whilst the average price in Osjek County is a favourable EUR 900 per sq. m.

Where are the bargain cheapest Croatian properties?

Well, if location isn’t a high priority, the survey suggests that you can find a house in Lika county where the asking price is a mere EUR 90 per sq. m. The cheapest advertised property is apparently a 200 sq. m. house with an asking price of EUR 15,000 (EUR 76 per sq. m.). Unfortunately it seems that the ad doesn’t feature a photograph so no-one quite knows what state the property is in!

Prices at a glance

Jutarnji List has published a graphical representation of current Croatia property asking prices - in Croatian of course. For non-Croatian speakers, the key below may be of use. Of course you can always check out our range of reasonably priced properties in Istria, Krk Island and Gorski Kotar! If you have any problems understanding the chart, then just contact us and we’ll be glad to help out.

Key to Jutarnji List chart - Croatia property asking prices

chart key

  1. Data represents average published property asking prices per sq. m. by county
  2. Each pricing box represents prices per county and consists of 3 rows:
    • Row 1 shows the average asking price for that county
    • Row 2 shows the lowest published asking price
    • Row 3 shows the highest asking price
    • The three columns show prices from each of 3 data sources (all major Croatian property portals). First column is from Njuskalo; second column is data from Burza Nekretnina and the third column is data from Centar Nekretnina

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