In order to promote open and spam-free conversations, About 70,000 foreigners own property on the Adriatic Coast. m. apartment rents for around HRK 6,199 (€835) per month. “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. 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. Around 55% of approved permits for foreign acquisitions were granted to Germans. Get details of properties and view photos. On VAT-charged property transactions, the VAT rate remains 25%. Already Subscribed? The old large state-owned banks have been privatized, and commercial banks have been restructured. 7 km … After the 2008 crisis, dwelling completions and permits fell even below levels seen during the War of Independence (1991-1995). The country’s long-term rental market is very small. 85.000,00€ - Houses. Buy your perfect croatia property at your prime location. This suggests that the Croatian property markets will be exceptionally resilient in the event of interest rate hikes. 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. Enter your login email address and instructions for resetting your password will be sent. All Rights Reserved. Smaller-sized apartments tend to have higher yields than larger ones. Global market real estate news. Real Estate Croatia will help you buy a property at your most favorable and interesting location on Croatian Islands and Coast with ease. During the latest quarter dwelling prices increased 1.09% (1.48% inflation-adjusted). 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. Austrians come in second place with 16% of permits granted, followed by Britons (6%), Hungarians (4%) and Dutch (3%). Croatia should take this expo very seriously and invest in project presentations. 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%. Find your perfect Croatian real estate! Buy your perfect croatia property at your prime location. Search for real estate and find the latest listings of Croatia Property for sale. Mediterranean climate, exquisite gastronomy, nice people and very safe environment. Tailor your overseas property investment strategy! The housing market is an important factor in Croatia’s GDP, with around 10 percent of the GDP coming directly from real estate. Get GPG fortnightly newsletters delivered to your inbox. According to Global Property Guide research: In Zagreb a 90 sq. 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. 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. 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. This table shows the change in house prices during a single quarter, adjusted for inflation. 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. Most development were small projects, usually waterfront projects with up to 10 units or less. 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. 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 have Croatia covered. Luxury properties in Istria are popular among Germans, Austrians, and Slovenians. 750.000€ (5.644.646kn) ... Real estate offer by location. On the Adriatic Coast, house prices rose by 4.44% (3.52% inflation-adjusted) y-o-y in 2018. m. apartment rents for around HRK 6,459 (€870) per month; while a 120 sq. LArgest database with flats, houses, land business premises and real estate agents. @ 2004-2020 Global Property Guide. There’s no more talk of recession, the market is improving and it is showing a positive trend". 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. In Dalmatia, most luxury demand comes from the Croatian diaspora: Sweden, Slovakia, and the Czech Republic. On the Croatia real estate market by year-end prices will fall an additional five percent. 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. Croatia's leading real estate agency covering Dalmatia and the islands, specializing in international sales of coastal property. At the same time, the prices of luxury real estate in Croatia rose by 10-15 percent. 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. 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. In February 2019, Croatia’s inflation stood at 0.5%, from 0.2% in January 2019 and 0.8% in December 2018. CNB regulatory changes that raised the consumers’ awareness about currency risk; Strong competition among banks granting new loans, and. 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. Most Croatians are owner-occupiers. However since 2014 - 2015 it is demonstrating a steady enthusiastic growth. 01/26/2018. The averege price for a villa ranges between 5000 to 6000 euros for a square meter. Most long-term rental properties are in Zagreb, Dubronik, and Split. Croatia’s property market is expected to remain strong in the coming years, thanks to robust demand supported by healthy economic growth. Global recession of 2008 hit Croatian realty market by price drop 25-50% in many areas. 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. The biggest real estate and real estate agencies listings in Croatia. Croatian house prices continue to rise, mainly fuelled by strong demand, coupled with limited housing supply. 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. From 2009 to 2014, Croatia’s economy lost more than 12% of GDP, Europe’s second-biggest contraction after Greece. After six years of massive contraction, Croatia’s outstanding housing loans expanded again by about 2.3% in 2018. “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 . Homes For Sale in Croatia | CENTURY 21 Global. Hvar Star Residence company also recently unveiled a mixed use development to be built at Maslinica Bay. Croatian house prices, rents, and letting income - real data! 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. Croestate is the leading real estate agency in Croatia. Call us @: +385 98 384 147. The overview of the real estate market in Croatia focuses on the existing conditions and trends on the real estate market. 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. 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. Compare countries on 4 financial dimensions, Contributing is easy and it works for you. EMEA Real Estate Market Outlook 2020: Midyear Review. Banks’ reduced reliance on foreign currency financing. Read report . 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. Luxury homebuyers in Opatija are mostly Russians. Marko Pazanin, Croatia Sotheby’s International Realty, 011-385-98-904-8370; sothebysrealty.hr For weekly email updates on residential real estate … You can expect that your comment will be published within 24 hours. Austrian, Italian and German banks have entered the market. Whether you’re looking for a Croatian home, apartment, estate, penthouse, townhouse, villa or just land, we can help you find it. Croatia’s high-end residential market continues to attract foreign buyers. 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). 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. Tranio: find coastal property for sale in Croatia. 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. Croatian real estate market. Global Property Guide moderates commetns on all articles. We have a large database of apartments, houses, villas & lands for sale in Dalmatia. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. Property portal in Croatia. 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%). 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. 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. 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. How much rent can be earned from Croatia property, compared to the rest of Europe? Homes in Croatia sell fast due to the amazing natural, manmade and historical wonders of this beautiful country. 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 is no crisis anymore on the global real-estate market, capital projects are being planned in some of the largest cities in the world. Luxury off plan apartments in a great location, rarely on the market, excellent investment! 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. How expensive are houses in Croatia, compared to the rest of Europe? Croestate is the leading real estate agency in Croatia. “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. In 2017, housing loans grew by a meagre 0.6%. For now, prices fall and office space and housing and land, and shopping centers struggle with the optimum capacity. Croatia’s public debt stood at 74.5% of GDP in 2018, down from 84% in 2014. 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). There was a budget surplus in 2018 for the second year in a row since independence, supported by higher tax revenues and expenditure savings. Croatia’s economy is expected to expand by 2.7% this year and by another 2.6% in 2020, according to the European Commission. On January 1, 2017, Croatia lowered real estate transfer tax from 5% to 4%. The crisis has hit real estate market of Croatia and since 2009 the prices are falling 3-4% per year. The loan market is now recovering, helped by very low interest rates. We are having a wide variety of Croatia property for sale like villa, house, apartment or land on Croatian coast and islands. Buying property in Croatia – cost and fees Croatia – beautiful country to live or retire or just to enjoy holidays. The country exited the EDP in June 2017. Learn what returns you are likely to earn, and where are the best opportunities. 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. The biggest real estate and real estate agencies listings in Croatia. Real estate market in Croatia has completely recovered of crisis tendencies and was in a green PLUS zone throughout 2017. First Property Croatia is a licensed Croatian real estate agency with 15+ years of market presence. We work mainly with foreign buyers, mostly from the EU. It is has been described recently as the 'The entertainment capitol of Croatia' and this did not happen by accident. For those looking for a good view, take a look at our selection of properties near the sea. Unemployment is expected to continue falling to 9% this year, according to the IMF. Quarter croatia real estate market prices increased 1.09 % ( 3.52 % inflation-adjusted ) and historical wonders this... 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