Real Estate Prices in Croatia finally stopped falling.The National Bank has calculated that the CUMULATIVE price fall was about 30 percent after 2008. year.The second quarter of this year brought stabilizing real estate prices in Croatia. Eurostat said that in the period from April through June house prices rose 0.6 percent compared to the first quarter of 2014, of which Croatia has moved on from the group of the few European states where property values have dropped. A negative trend in the real estate market in the first three months recorded Slovenia, Romania and Italy, while the European Union recorded a price increase of 1.4 percent.However, looking at the period of last year, Croatian property prices in the second quarter were 2.9 percent less than the same period last year. In Slovenia, for the time property plunged about 10 percent, and Italy about 5 percent. People from domestic real estate business are hoping market to recover, and besides settlements and the sale of flats from the balance sheet construction companies, real estate in 2014 prompted the legislative changes. From the beginning of next year, VAT will be calculated on the value of land, which will increase the price of new housing approximately 4 percent.Average prices of apartments in major Croatian Adriatic cities (asking prices on monthly levels):Average price levels for apartments in 2014
Prices in August(EUR/m2)
Prices in Sept(EUR/m2)
The increase in price of apartments along the Croatian coast in Dubrovnik, Zadar and Sibenik!
With rise in tourists in the Zadar Region, Zadar is developing even more, which leads to increased demand in real estate. Sibenik has a great potential, mainly thanks to announcements in urban regeneration of the city.Sibenik Port quay recently finished and Mandalina Projects (Turkish investors are building a hotel, marina and a multipurpose housing complex), underway.