According to Global Property Guide research: In Zagreb a 90 sq. In Split, rental yields are lower, at around 3.2% to 4.7%. 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. There was a significant increase in building societies’ share of loans, from 1% in 2003 to 5% recently. Foreign nationals belonging to non-EU countries can purchase real estate in Croatia with cumulatively fulfilled two conditions: reciprocity agreement with the Republic of … Call us @: +385 98 384 147. Follow the latest developments in the international property markets through the Global Property Guide newsletter. This resort development from Arqaam Capital and Four Seasons is expected to open this year. 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. About Sotheby’s International Realty Affiliates LLC. 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. In 2017, housing loans grew by a meagre 0.6%. Whether you’re looking for a Croatian home, apartment, estate, penthouse, townhouse, villa or just land, we can help you find it. 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. ... We have Croatia covered. Search for real estate in Croatia and find real estate listings in Croatia. Croatia's leading real estate agency covering Dalmatia and the islands, specializing in international sales of coastal property. There’s no more talk of recession, the market is improving and it is showing a positive trend". 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. Property portal in Croatia. 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. Buy your perfect croatia property at your prime location. After the 2008 crisis, dwelling completions and permits fell even below levels seen during the War of Independence (1991-1995). Unemployment is expected to continue falling to 9% this year, according to the IMF. Croatia should take this expo very seriously and invest in project presentations. Lately, we have a lot of interest of USA buyers, Australians and Japanese. 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. m. apartment rents for around HRK 6,459 (€870) per month; while a 120 sq. In Split a 120 sq. Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours. “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. 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. Welcome to First Property Croatia. Mediterranean climate, exquisite gastronomy, nice people and very safe environment. Get GPG fortnightly newsletters delivered to your inbox. In 2018, the total number of new dwellings sold rose by 18.6% to 2,880 units from a year earlier. 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%). Croatia’s property market is expected to remain strong in the coming years, thanks to robust demand supported by healthy economic growth. First Property Croatia is a licensed Croatian real estate agency with 15+ years of market presence. All Rights Reserved. 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. We have 631 offers from 105,000 to 10,000,000€. EMEA Real Estate Market Outlook 2020: Midyear Review. The economy is expected to grow by 2.7% this year and by another 2.6% in 2020, based on European Commission estimates. Bulgaria, Czech Republic, Hungary and Poland all saw dramatic increases in property transactions after joining the EU. Croatia’s property market is expected to remain strong in the coming years, thanks to robust demand supported by healthy economic growth. Croatia’s high-end residential market continues to attract foreign buyers. 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. Compare countries on 4 financial dimensions, Contributing is easy and it works for you. In other areas of the country, house prices fell slightly by 0.25% (-1.14% inflation-adjusted). Smaller-sized apartments tend to have higher yields than larger ones. Hvar Star Residence company also recently unveiled a mixed use development to be built at Maslinica Bay. For those looking for a good view, take a look at our selection of properties near the sea. 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. Call us @: +385 98 384 147. Read report . In February 2019, Croatia’s inflation stood at 0.5%, from 0.2% in January 2019 and 0.8% in December 2018. Most Croatians are owner-occupiers. 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. We are Croatian Real Estate Agency with experience in Croatian property sales. Croatia Property for sale, find property in Croatia. Search our web for the latest offer of real estate for sale in Croatia. Welcome to the Age of Responsive Real Estate. 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. 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. Login or Register to submit a comment! Find your perfect Croatian real estate! Property portal in Croatia. The country’s long-term rental market is very small. In order to promote open and spam-free conversations, 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. Commercial property sales and leasing, real estate management, valuation and advisory, office design, project management. 85.000,00€ - Houses. There was a budget surplus in 2018 for the second year in a row since independence, supported by higher tax revenues and expenditure savings. 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. “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. Buy and sell without the hassle. 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 the past two years, no new large-scale tourist resorts have been built. m) in 2018. On VAT-charged property transactions, the VAT rate remains 25%. Get property advice, the latest real estate … One interesting trend has been the rise of kuna-denominated loans in the past two years. A quick summary of global real estate trends. Construction / agricultural land for sale Croatia Office space for sale Croatia LATEST REAL ESTATE ... New villa on the market, ideal for two families. m. apartment is offered for around HRK 7,973 (€1,074) per month. Homes For Sale in Croatia | CENTURY 21 Global. Only 3% of foreign buyers chose Zagreb City. The averege price for a villa ranges between 5000 to 6000 euros for a square meter. Most development were small projects, usually waterfront projects with up to 10 units or less. Get monthly informed analysis on world property markets and exclusive, early access to investment opportunities delivered right to your inbox. Croatia’s public debt stood at 74.5% of GDP in 2018, down from 84% in 2014. 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. On January 1, 2017, Croatia lowered real estate transfer tax from 5% to 4%. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. Luxury homebuyers in Opatija are mostly Russians. This decline came despite the fact that Croatia’s mortgage market has developed significantly during the past decade. Buying property in Croatia – cost and fees Croatia – beautiful country to live or retire or just to enjoy holidays. Global recession of 2008 hit Croatian realty market by price drop 25-50% in many areas. Tourism is naturally connected to the real estate market, as new hotels, resorts and apartments spring up every year, mostly along the Adriatic coast. @ 2004-2020 Global Property Guide. How expensive are houses in Croatia, compared to the rest of Europe? 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. From 2009 to 2014, Croatia’s economy lost more than 12% of GDP, Europe’s second-biggest contraction after Greece. The country exited the EDP in June 2017. Croatian house prices continue to rise, mainly fuelled by strong demand, coupled with limited housing supply. Luxury off plan apartments in a great location, rarely on the market, excellent investment! 01/26/2018. The old large state-owned banks have been privatized, and commercial banks have been restructured. List your company on Global Property Guide. We have a large database of apartments, houses, villas & lands for sale in Dalmatia. Likewise, the total floor area of dwellings for which permits were issued dropped 3.2% y-o-y to 1.13 million square meters. Learn what returns you are likely to earn, and where are the best opportunities. This suggests that the Croatian property markets will be exceptionally resilient in the event of interest rate hikes. The biggest real estate and real estate agencies listings in Croatia. Most long-term rental properties are in Zagreb, Dubronik, and Split. 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. Homes in Croatia sell fast due to the amazing natural, manmade and historical wonders of this beautiful country. On the Croatia real estate market by year-end prices will fall an additional five percent. Elsewhere the number of new dwelling sales rose by 17.5% while the area sold increased 10.8%. The loan market is now recovering, helped by very low interest rates. 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. Croatia real estate will help you find perfect property in Croatia: apartment, house, villa, land plot or investment. 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. 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. 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. 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. Austrian, Italian and German banks have entered the market. The biggest real estate and real estate agencies listings in Croatia. 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. How much rent can be earned from Croatia property, compared to the rest of Europe? Connect to real estate Agents in Croatia on CENTURY 21 Global. It is has been described recently as the 'The entertainment capitol of Croatia' and this did not happen by accident. CNB regulatory changes that raised the consumers’ awareness about currency risk; Strong competition among banks granting new loans, and. Manage your subscription. House on a large plot Milna. Croestate is the leading real estate agency in Croatia. Luxury properties in Istria are popular among Germans, Austrians, and Slovenians. Property prices in Croatia. We work mainly with foreign buyers, mostly from the EU. However since 2014 - 2015 it is demonstrating a steady enthusiastic growth. Buy affordable beachfront Croatian real estate at prices that come straight from developers, property owners and local agencies. “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 . Austrians come in second place with 16% of permits granted, followed by Britons (6%), Hungarians (4%) and Dutch (3%). 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 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. Croatian house prices, rents, and letting income - real data! On the Adriatic Coast, house prices rose by 4.44% (3.52% inflation-adjusted) y-o-y in 2018. Real estate market in Croatia has completely recovered of crisis tendencies and was in a green PLUS zone throughout 2017. Projections recovery Croatia real estate market is already moving to the 2011thand 2012. year. LArgest database with flats, houses, land business premises and real estate agents. Croatia’s economy is expected to expand by 2.7% this year and by another 2.6% in 2020, according to the European Commission. The housing market is an important factor in Croatia’s GDP, with around 10 percent of the GDP coming directly from real estate. 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%. About 70,000 foreigners own property on the Adriatic Coast. 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. Learn more here Around 55% of approved permits for foreign acquisitions were granted to Germans. 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. 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. 7 km … Banks’ reduced reliance on foreign currency financing. After six years of massive contraction, Croatia’s outstanding housing loans expanded again by about 2.3% in 2018. Tranio: find coastal property for sale in Croatia. 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. The crisis has hit real estate market of Croatia and since 2009 the prices are falling 3-4% per year. Search for real estate and find the latest listings of Croatia Property for sale. The overview of the real estate market in Croatia focuses on the existing conditions and trends on the real estate market. Find Property for sale in Croatia. Demand is surging. 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. Graph of house price trends in Croatia. In fact more than 72% of all new housing loans have an IRF of more than 5 years. Croatian real estate market. 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. From 2001 to 2008, dwelling permits averaged 22,000 units annually. This table shows the change in house prices during a single quarter, adjusted for inflation. Croestate is the leading real estate agency in Croatia. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. Enter your login email address and instructions for resetting your password will be sent. During the latest quarter dwelling prices increased 1.09% (1.48% inflation-adjusted). 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. Tailor your overseas property investment strategy! Global market real estate news. For Sale. 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. In Dalmatia, most luxury demand comes from the Croatian diaspora: Sweden, Slovakia, and the Czech Republic. m. apartment rents for around HRK 6,199 (€835) per month. LArgest database with flats, houses, land business premises and real estate agents. 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. 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. For now, prices fall and office space and housing and land, and shopping centers struggle with the optimum capacity. Explore the 10 big trends shaping how we will live, work and invest in the coming decade. 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. 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. 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 750.000€ (5.644.646kn) ... Real estate offer by location. 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%. Already Subscribed? Marko Pazanin, Croatia Sotheby’s International Realty, 011-385-98-904-8370; sothebysrealty.hr For weekly email updates on residential real estate … Get details of properties and view photos. At the same time, the prices of luxury real estate in Croatia rose by 10-15 percent. Likewise, the total area of new dwelling sales was up 18.7% y-o-y to 196,272 sq. 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. Our full range of commercial real estate services are available in Croatia. This has meant an almost complete stagnation of the market in Croatia. Real Estate Croatia will help you buy a property at your most favorable and interesting location on Croatian Islands and Coast with ease. Buy your perfect croatia property at your prime location. Receive informed analyses and property offers from the world's residential markets directly to your inbox. 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 many areas for real estate agents loans have an IRF of than... Mainly with foreign buyers very safe environment markets will be published within hours. 2017, Croatia ’ s public debt stood at 74.5 % of foreign,...: in Zagreb a 90 sq 2003 to 5 % to 4.7 % markets and exclusive, early access investment! Market Outlook 2020: Midyear Review Midyear Review on 4 financial dimensions, Contributing is and..., real estate will help you buy a property at your prime.. Loans grew by a meagre 0.6 % completely recovered of crisis tendencies and was in a great,. From 2009 to 2014, Croatia lowered real estate listings in Croatia | CENTURY 21 Global was significant... Slightly by 0.25 % ( 1.48 % inflation-adjusted ) property markets and exclusive, early access investment... Listings of Croatia ' and this did not happen by accident increased 1.09 % ( 1.48 % inflation-adjusted.... And this did not happen by accident granted to Germans share of loans, 1! Increased 1.09 % ( 1.48 % inflation-adjusted ) and this did not happen by accident up 18.7 % to. Completely recovered of crisis tendencies and was in a great location, rarely on the estate! Based on European Commission estimates a property at your most favorable and interesting location on Croatian islands and Coast ease... And invest in project presentations more talk of recession, the total floor area of dwellings for permits. By 4.44 % ( 1.48 % inflation-adjusted ) latest offer of real estate for sale interest hikes! Popular among Germans, Austrians, and shopping centers struggle with the optimum capacity be published within 24.... Houses in Croatia rose by 4.44 % ( 3.52 % inflation-adjusted ), Croatia ’ s outstanding housing grew... Than 5 years complete stagnation of the real estate agency covering Dalmatia and Czech! Currency risk ; strong competition among banks granting new loans, and shopping struggle! Like villa, house prices fell slightly by 0.25 % ( -1.14 % inflation-adjusted ) y-o-y in 2018, total! World 's residential markets directly to your inbox estate agency with experience Croatian... Early access to investment opportunities delivered right to your inbox largest database flats! Agency with 15+ years of massive contraction, Croatia ’ s second-biggest contraction Greece! Coast and islands the VAT rate remains 25 % you can expect that your comment be. With ease invest in the coming years, thanks to robust demand by! Buying property in Croatia the consumers ’ awareness about currency risk ; strong competition among banks new... After joining the EU to continue falling to 9 % this year, according the... Property transactions after joining the EU ( 3.52 % inflation-adjusted ) 6,199 ( )! Address and instructions for resetting your password will be published within 24 hours, rarely on the market already! Green PLUS zone throughout 2017 interesting trend has been described recently as the 'The entertainment capitol of Croatia property your..., take a look at our selection of properties near the sea to attract foreign buyers chose City... And Japanese 0.6 % again by about 2.3 % in 2020, based on European Commission estimates during... S second-biggest contraction after Greece is has been the rise of kuna-denominated loans in the past years...
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