The growth of real estate prices in Croatia is unstoppable. But despite the overpriced square footage, demand is not abating. In addition to houses and apartments, in the last two years there has been a significant increase in interest in construction land, reports HRT.
For two years, Stefano Ladavac intensively searched for construction land in the center of Istria. Offer - weak, and prices - never again. He considers this plot of land in Sveti Petar u Šuma perfect for the construction of two villas that he will rent out.
"We are absolutely satisfied with the price, we got 22 euros per square meter, and approximately the initial average price of construction land in Sveti Petra in Šuma is 40 euros per square meter, so we did very well," said investor Stefano Ladavac.
There is not much choice in Zagreb either. The seller of land near the airport is asking for 65 euros per square meter. The price is dictated by the market, and according to the market, it is realistic. At the same time, it is twice as high as when the field was purchased six years ago.
Cheap borrowing encourages buying, and with this inflation rate, money invested in real estate will not lose value. Building plots are most in demand in Zagreb, Split and Zadar. Prices of all types of real estate are at record highs.
"I don't see a situation where prices will be lowered in the foreseeable future. The market is active, so I think it will continue in this way, given the entry into the eurozone," said real estate agent Mia Vučić.
The latest data from Eurostat shows that real estate prices in Croatia increased by thirteen and a half percent in the first three months of this year compared to the same period last year, which is above the European average.