The country’s long-term rental market is very small. All Rights Reserved. Connect to real estate Agents in Croatia on CENTURY 21 Global. @ 2004-2020 Global Property Guide. Learn what returns you are likely to earn, and where are the best opportunities. Since the beginning of 2014, Croatia has been in the European Commission’s Excessive Deficit Procedure (EDP) due to its high budget deficits and public debt. From 2001 to 2008, dwelling permits averaged 22,000 units annually. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. Whether you are looking for a traditional old stone house, a modern villa, an apartment or building land next to the sea, it is our aim to offer the best there is available in Croatia at real market prices. Croatia’s property market is expected to remain strong in the coming years, thanks to robust demand supported by healthy economic growth. 85.000,00€ - Houses. m. apartment rents for around HRK 6,199 (€835) per month. Global recession of 2008 hit Croatian realty market by price drop 25-50% in many areas. The decline of interest rates on kuna loans as a result of the drop in the general level of interest rates; Households’ negative experience with Swiss franc-indexed loans. It is has been described recently as the 'The entertainment capitol of Croatia' and this did not happen by accident. ZAGREB, February 28, 2019 - The volume of real estate transactions on the Croatia real estate market in 2018 was 810 million euro, which is twice as much as in 2017 and the result of a positive investor sentiment and attractive returns, while this year a similar investment volume is expected, mostly in the tourism sector and on the office space market. 2018 has generally been kind to croatia’s luxury real estate market, since demands for this sort of properties were up by 25 percent compared to 2017. We are Croatian Real Estate Agency with experience in Croatian property sales. Search for real estate in Croatia and find real estate listings in Croatia. Commercial property sales and leasing, real estate management, valuation and advisory, office design, project management. In February 2019, Kuna loans not indexed to foreign currencies surged 10.6% y-o-y while foreign-currency indexed loans increased by a miniscule 0.6%. The average price of new dwellings in Zagreb, which accounts for more than 45% of all sales transactions in the country, stood at HRK 12,749 (€1,712) per square metre (sq. Enter your login email address and instructions for resetting your password will be sent. After the 2008 crisis, dwelling completions and permits fell even below levels seen during the War of Independence (1991-1995). Croatian house prices continue to rise, mainly fuelled by strong demand, coupled with limited housing supply. You can expect that your comment will be published within 24 hours. This decline came despite the fact that Croatia’s mortgage market has developed significantly during the past decade. Read report . Marko Pazanin, Croatia Sotheby’s International Realty, 011-385-98-904-8370; sothebysrealty.hr For weekly email updates on residential real estate … Real Estate Croatia will help you buy a property at your most favorable and interesting location on Croatian Islands and Coast with ease. Most development were small projects, usually waterfront projects with up to 10 units or less. Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. From a share of below 10% of the total outstanding housing loans from 2010 to 2015, the share of kuna-denominated housing loans not indexed to foreign currencies rose to to 25.9% in 2017 and to 28.4% in 2018, according to the CNB. In fact more than 72% of all new housing loans have an IRF of more than 5 years. There was a budget surplus in 2018 for the second year in a row since independence, supported by higher tax revenues and expenditure savings. Search for real estate and find the latest listings of Croatia Property for sale. Kuna-denominated new housing loans now amount to HKR 330.1 million (€44.39 million), while foreign currency-indexed kuna loans amount to HRK 569.3 million (€76.55 million). Whether you’re looking for a Croatian home, apartment, estate, penthouse, townhouse, villa or just land, we can help you find it. In Split a 120 sq. Croatia’s most serious problem is high unemployment, the fifth highest in the European Union (EU), at 10.2% in February 2019, down from the previous year’s rate of 12.3%. In 2018, the total number of new dwellings sold rose by 18.6% to 2,880 units from a year earlier. This has meant an almost complete stagnation of the market in Croatia. These small-scale projects are mostly in Dalmatia (the islands of Brač and Hvar, Makarska Riviera, and Rogoznica) and in Kvarner region’s Krk Island. Most Croatians are owner-occupiers. Around 55% of approved permits for foreign acquisitions were granted to Germans. Demand is surging. How much rent can be earned from Croatia property, compared to the rest of Europe? The housing market is an important factor in Croatia’s GDP, with around 10 percent of the GDP coming directly from real estate. Welcome to First Property Croatia. Get monthly informed analysis on world property markets and exclusive, early access to investment opportunities delivered right to your inbox. Buy your perfect croatia property at your prime location. 27 Nov. 2020 Portugal fast-tracks citizenship for children of ‘golden visa’ residents; 25 Nov. 2020 Europe’s 20 best destinations for American expats; 09 Nov. 2020 Investors rush to buy Cyprus real estate as Golden Visa scheme ends; 29 Oct. 2020 London tops list as best city for real estate investment in Europe In other areas of the country, house prices fell slightly by 0.25% (-1.14% inflation-adjusted). First Property Croatia is a licensed Croatian real estate agency with 15+ years of market presence. However since 2014 - 2015 it is demonstrating a steady enthusiastic growth. Buying property in Croatia – cost and fees Croatia – beautiful country to live or retire or just to enjoy holidays. eval(ez_write_tag([[250,250],'globalpropertyguide_com-large-mobile-banner-1','ezslot_13',145,'0','0']));eval(ez_write_tag([[250,250],'globalpropertyguide_com-large-mobile-banner-1','ezslot_14',145,'0','1'])); Croatia’s economy began to turn around in 2015 and gained momentum in 2016, expanding by 2.3% and 3.5%, respectively. Speaking to Jutarnji List, Sergio Serdarušić from the real estate firm Eurovilla stated “Several buyers, who were in the process of buying and selling, gave up their purchases and even some lost their deposits. Buy your perfect croatia property at your prime location. Likewise, the total area of new dwelling sales was up 18.7% y-o-y to 196,272 sq. Floating rate and interest rate fixation (IRF) of up to 1 year: 3.6%, down from 3.76% a year earlier, IRF over 1 and up to 5 years: 3.3%, down from 3.54% a year earlier, IRF over 5 years and up to 10 years: 3.16%, down from 3.36% in the previous year, IRF over 10 years: 3.47%, down from 3.63% a year earlier, Floating rate and IRF of up to 1 year: 3.58%, down from 3.86% in February 2017, IRF over 1 and up to 5 years: 3.57%, down from 3.84% a year ago, IRF over 5 years and up to 10 years: 3.06%, down from 3.84% a year ago, IRF over 10 years: 3.39%, down from 3.88% a year earlier. Croestate is the leading real estate agency in Croatia. Manage your subscription. In order to promote open and spam-free conversations, Property portal in Croatia. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. LArgest database with flats, houses, land business premises and real estate agents. On the Adriatic Coast, house prices rose by 4.44% (3.52% inflation-adjusted) y-o-y in 2018. eval(ez_write_tag([[300,250],'globalpropertyguide_com-medrectangle-3','ezslot_6',126,'0','0'])); The house price index in Zagreb, Croatia’s capital and largest city, soared 8.47% (7.51% inflation-adjusted) in 2018, according to the CBS. ... We have Croatia covered. Homes in Croatia sell fast due to the amazing natural, manmade and historical wonders of this beautiful country. This suggests that the Croatian property markets will be exceptionally resilient in the event of interest rate hikes. Croatia real estate will help you find perfect property in Croatia: apartment, house, villa, land plot or investment. In February 2019, the average interest rate for housing loans indexed to foreign currency stood at 3.29%, down from 3.55% in February 2018 and 3.91% in February 2017, according to the Croatian National Bank (CNB), the country’s central bank.eval(ez_write_tag([[300,250],'globalpropertyguide_com-leader-1','ezslot_11',128,'0','0'])); Rates for housing loans indexed to foreign currency (February 2019): Rates for housing loans not indexed to foreign currency: Only about 11% of all new housing loans in February 2019 are floating rate (or with interest rate fixation (IRF) of up to 1 year), an unusually small proportion. Hvar Star Residence company also recently unveiled a mixed use development to be built at Maslinica Bay. On January 1, 2017, Croatia lowered real estate transfer tax from 5% to 4%. The crisis has hit real estate market of Croatia and since 2009 the prices are falling 3-4% per year. About 90.5% of Croatian households are currently living in an owner-occupied home or apartment, according to the Eurostat.eval(ez_write_tag([[250,250],'globalpropertyguide_com-large-leaderboard-2','ezslot_16',166,'0','0'])); The Adriatic coast is the core of short-term demand, concentrating on short-term holiday rentals for foreigners and tourists. The biggest real estate and real estate agencies listings in Croatia. Croatian house prices, rents, and letting income - real data! “We expect the prices will continue (slightly) increasing in the short to medium term in Zagreb and on the coast, providing the interest rates and economic cycle remain stable,” said Colliers International. “We expect the prices will continue (slightly) increasing in the short to medium term in Zagreb and on the coast, providing the interest rates and economic cycle remain stable,” said Colliers International . Graph of house price trends in Croatia. Call us @: +385 98 384 147. m. apartment rents for around HRK 6,459 (€870) per month; while a 120 sq. In Zagreb, the demand for rental properties partly comes from students studying at the University of Zagreb, as in Split, where the greatest demand is in the city centre and around the university campus. Only 3% of foreign buyers chose Zagreb City. For now, prices fall and office space and housing and land, and shopping centers struggle with the optimum capacity. For those looking for a good view, take a look at our selection of properties near the sea. To complete your registration, please click the verification link sent to: If you do not receive an email within 15 minutes, please check your spam folder or contact us for help. Receive informed analyses and property offers from the world's residential markets directly to your inbox. During the latest quarter dwelling prices increased 1.09% (1.48% inflation-adjusted). House on a large plot Milna. Likewise, the total floor area of dwellings for which permits were issued dropped 3.2% y-o-y to 1.13 million square meters. Explore the 10 big trends shaping how we will live, work and invest in the coming decade. Before the recent surge there was a long period of declining house prices - 2.13% in 2015, 1.44% in 2014, 1.68% in 2013 and 5.88% in 2012, according to the Croatian Bureau of Statistics (CBS). In 2018, the total number of new dwellings sold in Croatia rose by 18.6% to 2,880 units from a year earlier, according to the CBS. Real estate market in Croatia has completely recovered of crisis tendencies and was in a green PLUS zone throughout 2017. Austrian, Italian and German banks have entered the market. The overview of the real estate market in Croatia focuses on the existing conditions and trends on the real estate market. Croestate is the leading real estate agency in Croatia. Smaller-sized apartments tend to have higher yields than larger ones. Construction / agricultural land for sale Croatia Office space for sale Croatia LATEST REAL ESTATE ... New villa on the market, ideal for two families. Croatia’s public debt stood at 74.5% of GDP in 2018, down from 84% in 2014. List your company on Global Property Guide. Mediterranean climate, exquisite gastronomy, nice people and very safe environment. EMEA Real Estate Market Outlook 2020: Midyear Review. Most long-term rental properties are in Zagreb, Dubronik, and Split. Luxury off plan apartments in a great location, rarely on the market, excellent investment! There’s no more talk of recession, the market is improving and it is showing a positive trend". Projections recovery Croatia real estate market is already moving to the 2011thand 2012. year. Agent: +385 98 384 147, Split center - Renovated apartment in Diocletian's Palace, Split - Completely renovated office space, Sibenik - Semi-detached house, first row to the sea, Peljesac - Building land, first row to the sea. After six years of massive contraction, Croatia’s outstanding housing loans expanded again by about 2.3% in 2018. Banks’ reduced reliance on foreign currency financing. On VAT-charged property transactions, the VAT rate remains 25%. 01/26/2018. Luxury properties in Istria are popular among Germans, Austrians, and Slovenians. Follow the latest developments in the international property markets through the Global Property Guide newsletter. However a new retreat resort at Brizenica Bay, in the island of Hvar, is to be built featuring a 120-key Four Seasons hotel and around 60 high-end properties. Croatia should take this expo very seriously and invest in project presentations. Town of Zadar - real estate market Zadar has its own airport, is an important and growing major town and is less than 2 hours drive from Split, following the completion of the highway. About 2.3 % in 2014 around HRK 7,973 ( €1,074 ) per month space and housing land. 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