Property Market – Central Dalmatia – Croatia Summer 2011
Real Estate Croatia Property Articles
- 10 Reasons Why You Should Own Real Estate In Croatia
- Currency Exchange Rate part2
- Currency Exchange Rates In Croatia
- Property Valuations In Croatia
- The Law On Croatian Real Estate
- Registering Title Deeds For Your Property In Croatia
- Due Dilligence When Buying Croatian Property
- Where to buy property in Croatia or Greece ?
- Croatia Real Estate Market Easter 2012
- A Good Time To Buy A Historical Property In Croatia
- Croatia Second Homes Market In Recovery Mode
- Property Market – Central Dalmatia – Croatia Summer 2011
- Have Croatian Property Prices Begun To Stabilize ?
- Croatian Real Estate Agent - Croatia Property Enquiries - Part 1
- Property In Croatia – Croatian Real Estate In 2011
- Cheap property in Croatia, Ciovo
- Buying Croatian Property In A Culturally Protected Area
- Cultural Heritage & Your Croatian Property Planning Application
- Split Property - The Price Of Split Real Estate
- Why Invest In Property In Croatia 2010
July and August are usually quieter periods for serious property buyers, but this year we have seen a big uplift in verified enquiries. This is much inline with some reports from the larger internet real estate portals who have experienced a significant rise from people looking to buy property in Croatia in the last month. Clearly this has something to do with the recent announcement of Croatia’s entry to the EU in July 2013 which is generating interest across a range of buyers.
The largest number of verified enquiries are looking for properties in Croatia that are next to the sea or very close too it. On average budgets range from 1,000,000 plus for a luxury villa by the sea, 100,000 € to 400,000 € for land, €250,000 to €400,000 for villas & houses and €100,000 to €150,000 for an apartment. Generally speaking it is possible to find something next to the sea or close to it for the above budgets & type, although it is becoming increasingly difficult due to low levels of supply.
Supply of waterfront properties or properties by the sea are low due to high demand, restrictive zoning which has limited the availability of building land and lack of infrastructure in tourist zones on the seaside. The result is prices have remained pretty much constant throughout the financial crisis and are in fact now beginning to rise. This is especially true of land prices, as available plots in good positions that are not blighted are increasingly scarce. Land prices by the seaside in the Central Dalmatian region are going for €250 / m2 up to 500 €/m2 averaging somewhere between €300 & €400 / m2.
For those buyers who are not so concerned about being close to the sea there are some excellent deals available with vendors more willing to negotiate. For these types of properties in Croatia it is definitely a buyers market although with pending EU entry we do not expect this to last for long, probably the next 12 months so now is a very good time to buy.
