Post by Anna on Mar 7, 2006 19:49:11 GMT 1
The property section of the high-circulation Zagreb daily newspaper, Jutarnji List, presents some interesting views on the current market in Croatia.
According to the newspaper, it is expected that there will be a lot of potential buyers travelling to Croatia over Easter to view (and possibly purchase) properties. The clever ones, however, will go head to the country before then!
Jutarnji also asks what the best buy this year is, which property markets are going up and which are stagnating, and which places are in and which are out.
Property prices in the Sibenik area have risen by more than 20% in less than 12 months due to the new Zagreb - Split motorway which has made the region more accessible. Unsurprisingly, the strongest demand is for land, houses and apartments right by the sea. Building plots near the sea are priced at €350 - 500 per sq. m. For apartments, the most important factor is location (more so than condition), especially closeness to the sea. Those properties in the first row to the sea are priced €2500 - €3000 per sq. m.; in the second row, €2000 - €2500 per sq. m.; and those further away, in rare circumstances (superb condition and location), are priced €2000 per sq. m. but more likely €1000 - €1500 per sq. m.
There is considerable demand for old stones and again location is more important than condition. Even a derelict stone house is priced at no less than €100,000.
There is a similar situation on islands in the region, such as Krapanj, Zlarin, Kapri, Zirje and Pirvic. According to Jutarnji, it is not possible to get permission for any new builds and old houses are expensive. However, many of the old houses do not have proper planning permission, so watch out when you buy!
The newspaper states that houses and apartments in Sibenik Old Town are a very good buy. Many are abandoned or neglected and prices range between €600 - 900 per sq. m. There is also currently more supply than demand. However, Sibenik Old Town is under UNESCO protection, so regulations there are very strict.
In the Split region (including the islands of Vis, Korcula, Hvar and Brac), there is considerable demand for properties near popular resorts, away from towns and with good views. Prices for apartment and houses in good location and condition range between €1800 - €3500 per sq. m. Building plots cost €100 - €600 per sq. m.
Part II tomorrow:
According to the newspaper, it is expected that there will be a lot of potential buyers travelling to Croatia over Easter to view (and possibly purchase) properties. The clever ones, however, will go head to the country before then!
Jutarnji also asks what the best buy this year is, which property markets are going up and which are stagnating, and which places are in and which are out.
Property prices in the Sibenik area have risen by more than 20% in less than 12 months due to the new Zagreb - Split motorway which has made the region more accessible. Unsurprisingly, the strongest demand is for land, houses and apartments right by the sea. Building plots near the sea are priced at €350 - 500 per sq. m. For apartments, the most important factor is location (more so than condition), especially closeness to the sea. Those properties in the first row to the sea are priced €2500 - €3000 per sq. m.; in the second row, €2000 - €2500 per sq. m.; and those further away, in rare circumstances (superb condition and location), are priced €2000 per sq. m. but more likely €1000 - €1500 per sq. m.
There is considerable demand for old stones and again location is more important than condition. Even a derelict stone house is priced at no less than €100,000.
There is a similar situation on islands in the region, such as Krapanj, Zlarin, Kapri, Zirje and Pirvic. According to Jutarnji, it is not possible to get permission for any new builds and old houses are expensive. However, many of the old houses do not have proper planning permission, so watch out when you buy!
The newspaper states that houses and apartments in Sibenik Old Town are a very good buy. Many are abandoned or neglected and prices range between €600 - 900 per sq. m. There is also currently more supply than demand. However, Sibenik Old Town is under UNESCO protection, so regulations there are very strict.
In the Split region (including the islands of Vis, Korcula, Hvar and Brac), there is considerable demand for properties near popular resorts, away from towns and with good views. Prices for apartment and houses in good location and condition range between €1800 - €3500 per sq. m. Building plots cost €100 - €600 per sq. m.
Part II tomorrow:
- Zadar area
- Dubrovnik region
- Gorski Kotar
- and the island which everyone predicts will be hot for 2006!
