The main generator of real estate price growth are newly built apartments, while the price of older real estate is generally stagnant, and in some locations it is falling.
The Zagreb earthquake of March 2020 still has a strong impact on residential real estate prices, as well as the subsequent earthquake in Banovina, which definitely confirmed that an earthquake is possible and that we must plan life and housing in another way. This has further led to real estate price polarization where there is a growing price difference between newly built and used real estate. The earthquake, understandably, had the greatest impact on the market of the center of Zagreb.
Increased liveliness is felt along the coast as epidemiological measures have weakened and the number of vaccinated has increased. With the increased arrival of EU citizens in Croatia, the turnover of real estate whose buyers are foreign citizens is also growing. Foreigners are of course most interested in buying the so-called. "Second home", which can be placed in the tourist function in the alternative. The level of traffic in the coastal area from 2019 is not expected, when over 7000 transactions were counted in which foreign persons participated as buyers of real estate in the Republic of Croatia, but the turnover is certainly higher than in 2020.
The trend of increasing differences between the requested and realized prices of residential real estate continues, which indicates that the appetites of property owners are still too large, at least for a good part of real estate.