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Sep 11, 2016

Croatia: reasonable prices, reasonable yields


Last Updated: Sep. 11, 2016
ZAGREB - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 52,000 270 6.23% 1,040 5.40
120 sq. m. 126,120 592 5.63% 1,051 4.93
CENTRAL DALMATIA - Apartments
50 sq. m. 96,100 n.a. n.a. 1,922 n.a.
120 sq. m. 229,800 n.a. n.a. 1,915 n.a.
SOUTH DALMATIA - Apartments
60 sq. m. 147,240 n.a. n.a. 2,454 n.a.
120 sq. m. 318,960 n.a. n.a. 2,658 n.a.
ISTRIA - Apartments
100 sq. m. 122,600 n.a. n.a. 1,226 n.a.
120 sq. m. 160,320 n.a. n.a. 1,336 n.a.
Districts researched:
Central Dalmatia: Brac, Hvar, Split and Vis
South Dalmatia: Dubrovnik and Korcula
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Croatia has a reputation for being highly priced, but this is not borne out by our survey.

  • Central Dalmatia apartments seem to have fallen in price, and are now around 1,900 Euros per sq. m.  
  • South Dalmatia apartments are pricier however, at around 2,500 Euros per sq.m.
  • Apartments in Istria seem something of a bargain, at around 1,300 Euros per square metre.
  • Zagreb apartments are priced at around 1,000 Euros per square metre (sq. m.)

How much can you earn?  Gross rental yields in Croatia’s capital, Zagreb, are moderate to good, at around 5.6% to 6.3%.  We do not have data for the coastal areas, where short-term rentals predominate.

The currency risk.  The Croation kuna is the currency of Croatia, and it is rather stable against the Euro (although not pegged).  Over the past two years it has mildly appreciated.  

Round trip transaction costs are quite high in Croatia. See our  property transaction costs analysis for Croatia and property transaction costs in Croatia, compared to the rest of Europe.






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