Centre Split Real Estate Prices Falling
It seems that finally the prices of Split property in the old town and close to it are coming down and significantly so. The difference between asking prices and real transaction values is in most cases 20% and more often than not 30%. There are two elements at play in the Split property market, buyers are now able to negotiate better prices, the number of completions is therefore increasing, which is enabling investors, agents, vendor’s to get a better idea of value.
Split real estate is being seen as a good investment opportunity due to its 6 months rental season. Moreover, with prices down to pre 2006 levels yields are looking very good. Our experience is buyers are looking for 1,2,3 bedroom properties within a price range of €100,000 to €300,000. Some buyers have more to spend on renovation.
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