Post by Mario on Jan 4, 2004 17:49:59 GMT 1
Due to strong demand by foreign buyers, property prices have risen by some 25% all along the Adriatic coast in Croatia. There was strong demand for prime location properties, like in the Dubrovnik and Istria regions, and shortage of prime property has been reported.
The main foreign buyers up until 2003 were Germans, Austrians and Italians. In last year there has also been a strong demand from the UK, and also from Ireland, Sweden, Norway and Hungary.
In Dubrovnik, in the secondary area of Mokosica, apartments were sold for no less than 1,000 euros per sq. meter. In the old town, the cheapest apartments in inferior conditions achieved 1,300 euros/sq.m., in good conditions 2,500 euros/sq.m., and three apartments with a sea view achieved 3,000 euros/sq.m.
The Makarska Riviera is also popular, where apartments go for 1,000 to 1,500 euros (sq.m).
There was a strong demand from UK buyers for houses on the Peljasac peninsula due to a local English agent. Prices achieved were above average for this area.
In Split, in the popular residential areas Meja, Bacvica and Zente, asking prices for apartments were between 1,600-2,000euros/sq.m.
There was a strong demand, and shortage, for prime properties on islands such as Hvar, Korcula and Brac. At the beginning of last year, a British buyer bought a lovely house on Hvar for £155,000 and would certainly have to pay in excess of £200,000 for the same property now.
The Istria region, due to its proximity to Italy and good travel connections, is a hot spot. Foreign buyers are searching for old Istria "stone houses" which are normally a few miles from the sea and in need of renovation, but anything on offer is normally sold quickly. Rovinj was a hot market, as was almost anything from in the area from the Slovenian-Croatian border (i.e. Umag) to Pula. Plots of land with planning permission and near the sea are in strong demand. Croatian newspapers reported that the owner of a plot of land of just over 200sq.m. was asking a price of 517,000 Euros. This plot was not sold.
Along other parts of the Croatian coastline, it is still possible to find building plots in less popular areas, and not far from the sea, for about £20,000+.
In the interior, Zagreb and other main towns have also recorded an increase in prices. Just over 2 years ago, a friend in Zagreb bought a 2-bed apartment in the centre for 90,000 Euros. She reported that a same size apartment in her building was sold a few weeks ago for 140,000 Euros.
In some other locations in the interior, it is still possible to buy plots of land and houses for almost next to nothing. (Approx. 15,000+ Euros)
The main foreign buyers up until 2003 were Germans, Austrians and Italians. In last year there has also been a strong demand from the UK, and also from Ireland, Sweden, Norway and Hungary.
In Dubrovnik, in the secondary area of Mokosica, apartments were sold for no less than 1,000 euros per sq. meter. In the old town, the cheapest apartments in inferior conditions achieved 1,300 euros/sq.m., in good conditions 2,500 euros/sq.m., and three apartments with a sea view achieved 3,000 euros/sq.m.
The Makarska Riviera is also popular, where apartments go for 1,000 to 1,500 euros (sq.m).
There was a strong demand from UK buyers for houses on the Peljasac peninsula due to a local English agent. Prices achieved were above average for this area.
In Split, in the popular residential areas Meja, Bacvica and Zente, asking prices for apartments were between 1,600-2,000euros/sq.m.
There was a strong demand, and shortage, for prime properties on islands such as Hvar, Korcula and Brac. At the beginning of last year, a British buyer bought a lovely house on Hvar for £155,000 and would certainly have to pay in excess of £200,000 for the same property now.
The Istria region, due to its proximity to Italy and good travel connections, is a hot spot. Foreign buyers are searching for old Istria "stone houses" which are normally a few miles from the sea and in need of renovation, but anything on offer is normally sold quickly. Rovinj was a hot market, as was almost anything from in the area from the Slovenian-Croatian border (i.e. Umag) to Pula. Plots of land with planning permission and near the sea are in strong demand. Croatian newspapers reported that the owner of a plot of land of just over 200sq.m. was asking a price of 517,000 Euros. This plot was not sold.
Along other parts of the Croatian coastline, it is still possible to find building plots in less popular areas, and not far from the sea, for about £20,000+.
In the interior, Zagreb and other main towns have also recorded an increase in prices. Just over 2 years ago, a friend in Zagreb bought a 2-bed apartment in the centre for 90,000 Euros. She reported that a same size apartment in her building was sold a few weeks ago for 140,000 Euros.
In some other locations in the interior, it is still possible to buy plots of land and houses for almost next to nothing. (Approx. 15,000+ Euros)
