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Post by amatesic on Sept 12, 2011 19:26:50 GMT 1
Hello everyone,
I am doing some research regarding Zadar's real estate market. I believe that homes are overvalued by as much as 40%-50%. The reason I say this is that there are many homes on my books that have been selling for over 5 years, yet have not sold. Also when one compares job opportunities in Zadar and wages, then it becomes obvious that the property market is way overvalued.
I would like to get other people opinions.
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Post by crojoe on Sept 12, 2011 20:01:29 GMT 1
Hello everyone, I am doing some research regarding Zadar's real estate market. I believe that homes are overvalued by as much as 40%-50%. The reason I say this is that there are many homes on my books that have been selling for over 5 years, yet have not sold. Also when one compares job opportunities in Zadar and wages, then it becomes obvious that the property market is way overvalued. I would like to get other people opinions. You could include just about every city in Croatia. The rural scene seems to be about right, actually with many bargains to be had, but then who wants to live out in the country when there are oceans to swim in, unless your into grapes and olives. |
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Post by Kaskader on Sept 12, 2011 20:06:44 GMT 1
It is overvalued, but then again, what market is rational?
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Post by justapixel on Sept 12, 2011 23:42:42 GMT 1
Having a house in Zadar, I don't have the vaguest idea how much it's worth. Last year a neighbor sold his house for 700 000€, but that's not really representative of how much other houses in the neighborhood are valued.
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Post by crojoe on Sept 13, 2011 15:45:07 GMT 1
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Post by crojoe on Sept 13, 2011 17:37:27 GMT 1
You could include just about every city in Croatia. The rural scene seems to be about right, actually with many bargains to be had, but then who wants to live out in the country when there are oceans to swim in, unless your into grapes and olives. I don’t know, maybe we should have a vote. Yes there is the Adriatic to swim in, but you can’t do that all day long. You can look out to sea, but nice as it is the view doesn’t change a lot. I think the countryside has a lot to offer, ever changing scenery with the seasons, a wide variety of fauna and flora. No tourist throngs or tour guides, no rip off tourist prices. Just for fun how about a vote? Country dwelling, coastal dwelling or city dwelling. I'd kind of love to live in the countryside, have a apartment by the sea for summer and be able to commute to work in the city every day but thats all a pipe dream. Guess once I become Croatian then I can have all those things? I'll be so happy, over the moon and nothing to complain about. Hehe! |
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Post by Madgolfer on Sept 13, 2011 19:41:33 GMT 1
CJ, You just need to find the right area, commutable from Zagreb in 30-40 mins with cheap property prices.  I might know somewhere. ;D |
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Post by Madgolfer on Sept 13, 2011 19:56:38 GMT 1
From Croatian times
Croatia's European Union membership will have little effect on real estate prices, the majority of Croatia's agencies agree.
Only those doing business in the coastal areas such as Istria (north) and Split-Dalmatia County (south) believe prices will be significantly different once Croatia becomes a fully fledged member.
These are the results of the latest survey of more than 100 real estate agencies throughout Croatia conducted by real estate portal CentarNekretnina.net. The results show that 65 per cent of agencies surveyed believe EU membership will mean little when it comes to real estate prices.
Half of the agencies (51 per cent) also believe that apartment prices are likely to go down in the next year, with an estimated drop of eight per cent on average. House prices are expected to go down about 10.4 per cent on average. Rental prices will stagnate.
Expectations differ somewhat according to the region.
All of the agencies from Zagreb and Sibenik-Knin County think that asking prices for real estate are generally too high. Only real estate agents in Istria think that they are accurate (83 per cent).
When it comes to the quality price ratio, 46 per cent of agencies think that newly built homes are of lower quality and are too expensive compared to older constructions.
A quarter of agencies think new real estate has quality but is too expensive, while 24 per cent think the prices are correct.
The biggest disappointment is found in Zagreb where 80 per cent of agents believe that newly built homes are of bad quality and are way too expensive.
Realism in the Real estate market! Whatever next? ;D
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Post by gmh on Sept 14, 2011 8:34:38 GMT 1
You could include just about every city in Croatia. The rural scene seems to be about right, actually with many bargains to be had, but then who wants to live out in the country when there are oceans to swim in, unless your into grapes and olives. I don’t know, maybe we should have a vote. Yes there is the Adriatic to swim in, but you can’t do that all day long. You can look out to sea, but nice as it is the view doesn’t change a lot. I think the countryside has a lot to offer, ever changing scenery with the seasons, a wide variety of fauna and flora. No tourist throngs or tour guides, no rip off tourist prices. Just for fun how about a vote? Country dwelling, coastal dwelling or city dwelling. Well I don't like to brag but i was lucky enough to marry into a family that now gives me all 3. Apartment in Zagreb, old stone house in village on Krk, and an old solid oak farm house in a village in Moslavina,about 40 min from zagreb. There is a downside though. Having to spend more time with the inlaws. |
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Post by crojoe on Sept 14, 2011 8:47:26 GMT 1
I don’t know, maybe we should have a vote. Yes there is the Adriatic to swim in, but you can’t do that all day long. You can look out to sea, but nice as it is the view doesn’t change a lot. I think the countryside has a lot to offer, ever changing scenery with the seasons, a wide variety of fauna and flora. No tourist throngs or tour guides, no rip off tourist prices. Just for fun how about a vote? Country dwelling, coastal dwelling or city dwelling. Well I don't like to brag but i was lucky enough to marry into a family that now gives me all 3. Apartment in Zagreb, old stone house in village on Krk, and an old solid oak farm house in a village in Moslavina,about 40 min from zagreb. There is a downside though. Having to spend more time with the inlaws. You’re so lucky GMH, as all I got for any dowry was the bill - Ha! Better to be "in" with the in-laws then classed as “the out-law” of the family and own only what's on your back, the shoes on your feet and the pennies to hand. |
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Post by ivetron on Sept 14, 2011 16:12:50 GMT 1
"have to spend more time with the in-laws"
gmh, that is funniest post I've read in a long time!
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Post by keepsmiling on Sept 14, 2011 18:47:14 GMT 1
"Baka" service is priceless!!!
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Post by gmh on Sept 14, 2011 20:38:49 GMT 1
They're actually both fine if they're not together. If they are together, it's just a never ending argument that I can no longer bare listening to.
And no, they don't use internet forums.
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