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