The averege price for a villa ranges between 5000 to 6000 euros for a square meter. Buying property in Croatia – cost and fees Croatia – beautiful country to live or retire or just to enjoy holidays. Search our web for the latest offer of real estate for sale in Croatia. Croatia has much to offer for the property buyer, including an enormous variety of landscapes, a wide choice of unique cities, towns and villages, a great climate, wonderful beaches and crystal clear sea. From 2009 to 2014, Croatia’s economy lost more than 12% of GDP, Europe’s second-biggest contraction after Greece. This suggests that the Croatian property markets will be exceptionally resilient in the event of interest rate hikes. Smaller-sized apartments tend to have higher yields than larger ones. All Rights Reserved. Property portal in Croatia. LArgest database with flats, houses, land business premises and real estate agents. The biggest real estate and real estate agencies listings in Croatia. Croatia will become the 28th country to enter the European Union on July 1, a move which could spark interest in the country's property market. We have 631 offers from 105,000 to 10,000,000€. Croestate is the leading real estate agency in Croatia. 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. 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. Buy affordable beachfront Croatian real estate at prices that come straight from developers, property owners and local agencies. We work mainly with foreign buyers, mostly from the EU. On the Adriatic Coast, house prices rose by 4.44% (3.52% inflation-adjusted) y-o-y in 2018. 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. The loan market is now recovering, helped by very low interest rates. Call us @: +385 98 384 147. Homes For Sale in Croatia | CENTURY 21 Global. 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. Search for real estate in Croatia and find real estate listings in Croatia. Buy your perfect croatia property at your prime location. House on a large plot Milna. Tailor your overseas property investment strategy! Connect to real estate Agents in Croatia on CENTURY 21 Global. The Croatian economy expanded by a modest 2.6% in 2018, according to the Croatian Bureau of Statistics (CBS), mainly driven by strong private consumption, supported by rising wages and employment. 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. In Split, rental yields are lower, at around 3.2% to 4.7%. The country exited the EDP in June 2017. 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. After the 2008 crisis, dwelling completions and permits fell even below levels seen during the War of Independence (1991-1995). Our full range of commercial real estate services are available in Croatia. Find Property for sale in Croatia. Croatian real estate market. For now, prices fall and office space and housing and land, and shopping centers struggle with the optimum capacity. m) in 2018. Tranio: find coastal property for sale in Croatia. List your company on Global Property Guide. About Sotheby’s International Realty Affiliates LLC. The housing market is an important factor in Croatia’s GDP, with around 10 percent of the GDP coming directly from real estate. Learn more here m. apartment rents for around HRK 6,199 (€835) per month. Manage your subscription. Graph of house price trends in Croatia. For sale by Owners, Developers, International Agents, Real Estate Agencies, Law Firms, Accountants, Portals, According to Igor Ljubaj and Suzana Petrović of the CNB, https://www.dzs.hr/Eng/publication/FirstRelease/results.asp?pString=House%20Pri&pSearchString=%House%20Pri%, https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/index.aspx, http://sdw.ecb.europa.eu/quickview.do;jsessionid=0F79A64DA72111AA0D7358B645357D61?node=2019173&SERIES_KEY=117.BSI.M.HR.N.A.A22.A.1.U6.2250.Z01.E&periodSortOrder=ASC, https://www.globalpropertyguide.com/Europe/Croatia/Rental-Yields, http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=ilc_lvho02&lang=en, https://www.hnb.hr/en/statistics/statistical-data/financial-sector/other-monetary-financial-institutions/credit-institutions/interest-rates, https://www.total-croatia-news.com/business/35215-imf, https://www.total-croatia-news.com/business/34864-credit-rating, https://ec.europa.eu/info/business-economy-euro/economic-performance-and-forecasts/economic-performance-country/croatia/economic-forecast-croatia_en, https://tradingeconomics.com/croatia/unemployment-rate, https://tradingeconomics.com/croatia/inflation-cpi, https://www.total-croatia-news.com/business/33405-public-debt-to-gdp, https://tradingeconomics.com/croatia/government-debt-to-gdp, https://www2.colliers.com/en-HR/Research/Market-overview-2018-Croatia, https://www.croatiaweek.com/new-age-for-an-old-town-stari-grad-on-its-way-to-becoming-hvars-tourist-centre/, Croatia's housing market is recovering, along with its economy, Croatia’s housing market to grow modestly in 2016. From 2001 to 2008, dwelling permits averaged 22,000 units annually. It is has been described recently as the 'The entertainment capitol of Croatia' and this did not happen by accident. Most Croatians are owner-occupiers. Learn what returns you are likely to earn, and where are the best opportunities. In 2017, housing loans grew by a meagre 0.6%. There was a significant increase in building societies’ share of loans, from 1% in 2003 to 5% recently. LArgest database with flats, houses, land business premises and real estate agents. Due to its urban development, real estate is more in demand, and we offer you a wide selection of houses, and apartments and flats in Zadar and its surroundings. Croatia should take this expo very seriously and invest in project presentations. 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. ... We have Croatia covered. 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). Get monthly informed analysis on world property markets and exclusive, early access to investment opportunities delivered right to your inbox. Unemployment is expected to continue falling to 9% this year, according to the IMF. 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%. Of Croatia’s 20 regions, the five most popular with foreign buyers are on the Adriatic Coast:eval(ez_write_tag([[580,400],'globalpropertyguide_com-box-4','ezslot_10',124,'0','0'])); Istria (33% of foreign-owned properties), Primorje-Gorski Kotar (26%), Split-Dalmatia (12%), Zadar (8%), and Dubrokniv-Neretva (6%). Global recession of 2008 hit Croatian realty market by price drop 25-50% in many areas. This decline came despite the fact that Croatia’s mortgage market has developed significantly during the past decade. 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. Property portal in Croatia. Mediterranean climate, exquisite gastronomy, nice people and very safe environment. Compare countries on 4 financial dimensions, Contributing is easy and it works for you. From the IMF’s latest report on Croatia: “The real estate market is also picking up, albeit from a low base and the recovery is rather segmented. First Property Croatia is a licensed Croatian real estate agency with 15+ years of market presence. Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. 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. Homes in Croatia sell fast due to the amazing natural, manmade and historical wonders of this beautiful country. Real estate market in Croatia has completely recovered of crisis tendencies and was in a green PLUS zone throughout 2017. Since 2012 outstanding housing loans have been declining, even after the economy recovered from recession in 2015, contracting by 0.6% in 2012, 1.9% in 2013, 2% in 2014, 1.9% in 2015, and 11.1% in 2016, according to the CNB. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. Elsewhere the number of new dwelling sales rose by 17.5% while the area sold increased 10.8%. Likewise, the total floor area of dwellings for which permits were issued dropped 3.2% y-o-y to 1.13 million square meters. 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. 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. Explore the 10 big trends shaping how we will live, work and invest in the coming decade. In Dalmatia, most luxury demand comes from the Croatian diaspora: Sweden, Slovakia, and the Czech Republic. This resort development from Arqaam Capital and Four Seasons is expected to open this year. Most development were small projects, usually waterfront projects with up to 10 units or less. Lately, we have a lot of interest of USA buyers, Australians and Japanese. At the same time, the prices of luxury real estate in Croatia rose by 10-15 percent. Global market real estate news. The economy is expected to grow by 2.7% this year and by another 2.6% in 2020, based on European Commission estimates. Already Subscribed? In fact more than 72% of all new housing loans have an IRF of more than 5 years. A quick summary of global real estate trends. “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. Projections recovery Croatia real estate market is already moving to the 2011thand 2012. year. Commercial property sales and leasing, real estate management, valuation and advisory, office design, project management. 7 km … @ 2004-2020 Global Property Guide. On the Croatia real estate market by year-end prices will fall an additional five percent. Whether you’re looking for a Croatian home, apartment, estate, penthouse, townhouse, villa or just land, we can help you find it. In 2018, the total number of new dwellings sold rose by 18.6% to 2,880 units from a year earlier. eval(ez_write_tag([[300,250],'globalpropertyguide_com-medrectangle-4','ezslot_9',123,'0','0'])); The right of non-EU foreign nationals to buy a property in Croatia depends on reciprocity agreements between Croatia and the foreign buyer’s home country. 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 Follow the latest developments in the international property markets through the Global Property Guide newsletter. Once you have started to think about waterfront luxury properties in one of the most beautiful ambience there is no other logical choice than Croatia. In February 2019, Croatia’s inflation stood at 0.5%, from 0.2% in January 2019 and 0.8% in December 2018. The biggest real estate and real estate agencies listings in Croatia. Bulgaria, Czech Republic, Hungary and Poland all saw dramatic increases in property transactions after joining the EU. 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. Tourism is naturally connected to the real estate market, as new hotels, resorts and apartments spring up every year, mostly along the Adriatic coast. Croatia Property for sale, find property in Croatia. Enter your login email address and instructions for resetting your password will be sent. Croatian house prices, rents, and letting income - real data! On January 1, 2017, Croatia lowered real estate transfer tax from 5% to 4%. Austrian, Italian and German banks have entered the market. There’s no more talk of recession, the market is improving and it is showing a positive trend". Buy and sell without the hassle. Croatia's leading real estate agency covering Dalmatia and the islands, specializing in international sales of coastal property. How expensive are houses in Croatia, compared to the rest of Europe? This has meant an almost complete stagnation of the market in Croatia. After six years of massive contraction, Croatia’s outstanding housing loans expanded again by about 2.3% in 2018. In order to promote open and spam-free conversations, In the past two years, no new large-scale tourist resorts have been built. Luxury properties in Istria are popular among Germans, Austrians, and Slovenians. We are Croatian Real Estate Agency with experience in Croatian property sales. “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 . There was a budget surplus in 2018 for the second year in a row since independence, supported by higher tax revenues and expenditure savings. Buy your perfect croatia property at your prime location. Croatia’s economy is expected to expand by 2.7% this year and by another 2.6% in 2020, according to the European Commission. One interesting trend has been the rise of kuna-denominated loans in the past two years. Croestate is the leading real estate agency in Croatia. In 2018, the nationwide price index for all dwellings rose by 4.69% (3.77% inflation-adjusted) from a year earlier, after y-o-y increases of 7.64% in 2017 and 0.79% in 2016. On VAT-charged property transactions, the VAT rate remains 25%. However since 2014 - 2015 it is demonstrating a steady enthusiastic growth. Real Estate Croatia will help you buy a property at your most favorable and interesting location on Croatian Islands and Coast with ease. 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. 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). 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. Most long-term rental properties are in Zagreb, Dubronik, and Split. Gross rental yields in Croatia’s capital, Zagreb, are moderate to good, ranging from 5.4% to 6.1%, based on Global Property Guide research. Around 55% of approved permits for foreign acquisitions were granted to Germans. 01/26/2018. In Split a 120 sq. How much rent can be earned from Croatia property, compared to the rest of Europe? In other areas of the country, house prices fell slightly by 0.25% (-1.14% inflation-adjusted). Get property advice, the latest real estate … m. Dwelling permits fell by 6.3% to 11,719 units in 2018, following strong growth of 33.1% in 2017 and 35.2% in 2016, according to the Croatian Bureau of Statistics. Foreign nationals belonging to non-EU countries can purchase real estate in Croatia with cumulatively fulfilled two conditions: reciprocity agreement with the Republic of … We make it easier for our clients to buy or sell real estate by leading them through every step, from the start until the end of the real estate purchase. About 70,000 foreigners own property on the Adriatic Coast. For Sale. Croatian house prices continue to rise, mainly fuelled by strong demand, coupled with limited housing supply. According to Global Property Guide research: In Zagreb a 90 sq. Property prices in Croatia. Receive informed analyses and property offers from the world's residential markets directly to your inbox. Welcome to First Property Croatia. 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. Hvar Star Residence company also recently unveiled a mixed use development to be built at Maslinica Bay. The project includes private villas, a resort and luxury hotel suites.eval(ez_write_tag([[300,250],'globalpropertyguide_com-banner-1','ezslot_15',127,'0','0'])); Demand is surging, thanks to strong local and foreign demand. 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. 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. Standard & Poor’s (S&P) raised Croatia’s credit rating to ´BBB-/A-3´ from ´BB+/B´ in March 2019, putting the country back into the investment category after six years. 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. The crisis has hit real estate market of Croatia and since 2009 the prices are falling 3-4% per year. Login or Register to submit a comment! Welcome to the Age of Responsive Real Estate. Only 3% of foreign buyers chose Zagreb City. Find your perfect Croatian real estate! Banks’ reduced reliance on foreign currency financing. According to Igor Ljubaj and Suzana Petrović of the CNB the rise of kuna loans was due to: The Croatian economy expanded by a modest 2.6% in 2018, according to the Croatian Bureau of Statistics (CBS), mainly driven by strong private consumption, supported by rising wages and employment. 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%. The country’s long-term rental market is very small. For those looking for a good view, take a look at our selection of properties near the sea. We have a large database of apartments, houses, villas & lands for sale in Dalmatia. CNB regulatory changes that raised the consumers’ awareness about currency risk; Strong competition among banks granting new loans, and. Luxury off plan apartments in a great location, rarely on the market, excellent investment! 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. Croatia’s property market is expected to remain strong in the coming years, thanks to robust demand supported by healthy economic growth. Global Property Guide moderates commetns on all articles. Read report . 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. 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. Demand is surging. Likewise, the total area of new dwelling sales was up 18.7% y-o-y to 196,272 sq. Austrians come in second place with 16% of permits granted, followed by Britons (6%), Hungarians (4%) and Dutch (3%). There is no crisis anymore on the global real-estate market, capital projects are being planned in some of the largest cities in the world. Get GPG fortnightly newsletters delivered to your inbox. Search for real estate and find the latest listings of Croatia Property for sale. During the latest quarter dwelling prices increased 1.09% (1.48% inflation-adjusted). Get details of properties and view photos. Marko Pazanin, Croatia Sotheby’s International Realty, 011-385-98-904-8370; sothebysrealty.hr For weekly email updates on residential real estate … This table shows the change in house prices during a single quarter, adjusted for inflation. “Private consumption is expected to remain the main driver of growth, supported by improving labour market conditions, positive consumer sentiment, low interest rates and subdued inflation,” said the European Commission. m. apartment rents for around HRK 6,459 (€870) per month; while a 120 sq. Luxury homebuyers in Opatija are mostly Russians. Call us @: +385 98 384 147. The old large state-owned banks have been privatized, and commercial banks have been restructured. Croatia’s high-end residential market continues to attract foreign buyers. 750.000€ (5.644.646kn) ... Real estate offer by location. Croatia’s public debt stood at 74.5% of GDP in 2018, down from 84% in 2014. Croatia’s property market is expected to remain strong in the coming years, thanks to robust demand supported by healthy economic growth. m. apartment is offered for around HRK 7,973 (€1,074) per month. Croatian real estate market varies, from properties for sale on the coast and islands, for which we are specialist, to the continental properties for local buyers. Croatia real estate will help you find perfect property in Croatia: apartment, house, villa, land plot or investment. You can expect that your comment will be published within 24 hours. EMEA Real Estate Market Outlook 2020: Midyear Review. 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