Post by Madgolfer on May 13, 2011 7:12:15 GMT 1
From Croatian Times.
Weekend houses are slow to sell in the majority of Croatian vacation spots, with analysts predicting only slight improvements with the country's entrance into the European Union.
Although real estate prices in seaside towns like Crikvenica, Opatija and Zadar have fallen, they are still not low enough for people - uncertain of their financial future - to buy.
Jasminka Biliskov from Biliskov agency says that the sales of land in Dalmatia are slow despite dropping prices.
Foreigners are looking for cheaper and smaller properties, says Biliskov. The time of luxury – when every better house was called a villa and sold for a million Euros – is gone.
The Croatian real estate market may receive a small boost through Croatia's accession to the European Union with growth of both prices and traffic, analysts say.
But they warn that a boom such as the one experienced in Poland, Romania and Bulgaria immediately after their EU accession, is unlikely as Croatia's current prices are much higher than they were in those countries.
Maybe some common sense is returning to the market at last? Will sellers see the light and start to get real about asking prices? With the economic situation as bad as it is here, we may just see coastal property prices starting to fall in the next 12 months, we shall see!
Weekend houses are slow to sell in the majority of Croatian vacation spots, with analysts predicting only slight improvements with the country's entrance into the European Union.
Although real estate prices in seaside towns like Crikvenica, Opatija and Zadar have fallen, they are still not low enough for people - uncertain of their financial future - to buy.
Jasminka Biliskov from Biliskov agency says that the sales of land in Dalmatia are slow despite dropping prices.
Foreigners are looking for cheaper and smaller properties, says Biliskov. The time of luxury – when every better house was called a villa and sold for a million Euros – is gone.
The Croatian real estate market may receive a small boost through Croatia's accession to the European Union with growth of both prices and traffic, analysts say.
But they warn that a boom such as the one experienced in Poland, Romania and Bulgaria immediately after their EU accession, is unlikely as Croatia's current prices are much higher than they were in those countries.
Maybe some common sense is returning to the market at last? Will sellers see the light and start to get real about asking prices? With the economic situation as bad as it is here, we may just see coastal property prices starting to fall in the next 12 months, we shall see!
