Hvar Star Residence company also recently unveiled a mixed use development to be built at Maslinica Bay. 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). Unemployment is expected to continue falling to 9% this year, according to the IMF. This resort development from Arqaam Capital and Four Seasons is expected to open this year. This has meant an almost complete stagnation of the market in Croatia. 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. 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. m. apartment rents for around HRK 6,199 (€835) per month. For Sale. Croatia’s economy is expected to expand by 2.7% this year and by another 2.6% in 2020, according to the European Commission. Croatian real estate market. All Rights Reserved. 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. Luxury properties in Istria are popular among Germans, Austrians, and Slovenians. 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. Follow the latest developments in the international property markets through the Global Property Guide newsletter. Buy and sell without the hassle. Tranio: find coastal property for sale in Croatia. 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. Receive informed analyses and property offers from the world's residential markets directly to your inbox. There’s no more talk of recession, the market is improving and it is showing a positive trend". Manage your subscription. It is has been described recently as the 'The entertainment capitol of Croatia' and this did not happen by accident. Whether you’re looking for a Croatian home, apartment, estate, penthouse, townhouse, villa or just land, we can help you find it. 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. The averege price for a villa ranges between 5000 to 6000 euros for a square meter. After the 2008 crisis, dwelling completions and permits fell even below levels seen during the War of Independence (1991-1995). 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. Buy your perfect croatia property at your prime location. We work mainly with foreign buyers, mostly from the EU. How much rent can be earned from Croatia property, compared to the rest of Europe? Croatia’s public debt stood at 74.5% of GDP in 2018, down from 84% in 2014. LArgest database with flats, houses, land business premises and real estate agents. Call us @: +385 98 384 147. 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. On January 1, 2017, Croatia lowered real estate transfer tax from 5% to 4%. 750.000€ (5.644.646kn) ... Real estate offer by location. This suggests that the Croatian property markets will be exceptionally resilient in the event of interest rate hikes. Compare countries on 4 financial dimensions, Contributing is easy and it works for you. Welcome to the Age of Responsive Real Estate. 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. Real Estate Croatia will help you buy a property at your most favorable and interesting location on Croatian Islands and Coast with ease. “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. 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. Smaller-sized apartments tend to have higher yields than larger ones. Croatian house prices continue to rise, mainly fuelled by strong demand, coupled with limited housing supply. There was a significant increase in building societies’ share of loans, from 1% in 2003 to 5% recently. Construction / agricultural land for sale Croatia Office space for sale Croatia LATEST REAL ESTATE ... New villa on the market, ideal for two families. EMEA Real Estate Market Outlook 2020: Midyear Review. However since 2014 - 2015 it is demonstrating a steady enthusiastic growth. 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. Luxury homebuyers in Opatija are mostly Russians. Learn more here On the Adriatic Coast, house prices rose by 4.44% (3.52% inflation-adjusted) y-o-y in 2018. 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%). The crisis has hit real estate market of Croatia and since 2009 the prices are falling 3-4% per year. 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. The loan market is now recovering, helped by very low interest rates. Call us @: +385 98 384 147. m. apartment rents for around HRK 6,459 (€870) per month; while a 120 sq. Croatia Property for sale, find property in Croatia. 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. In the past two years, no new large-scale tourist resorts have been built. m) in 2018. Get details of properties and view photos. The housing market is an important factor in Croatia’s GDP, with around 10 percent of the GDP coming directly from real estate. Mediterranean climate, exquisite gastronomy, nice people and very safe environment. Tourism is naturally connected to the real estate market, as new hotels, resorts and apartments spring up every year, mostly along the Adriatic coast. In February 2019, Croatia’s inflation stood at 0.5%, from 0.2% in January 2019 and 0.8% in December 2018. After six years of massive contraction, Croatia’s outstanding housing loans expanded again by about 2.3% in 2018. Already Subscribed? Our full range of commercial real estate services are available in Croatia. Elsewhere the number of new dwelling sales rose by 17.5% while the area sold increased 10.8%. 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. 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. This decline came despite the fact that Croatia’s mortgage market has developed significantly during the past decade. 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. Property portal in Croatia. 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%. 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. The overview of the real estate market in Croatia focuses on the existing conditions and trends on the real estate market. Homes For Sale in Croatia | CENTURY 21 Global. Most long-term rental properties are in Zagreb, Dubronik, and Split. For those looking for a good view, take a look at our selection of properties near the sea. S property market is now recovering, helped by very low interest rates buy beachfront. People and very safe environment, valuation and advisory, office design project... Yields are lower, at around 3.2 % y-o-y to 1.13 million square meters with experience in Croatian sales... 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