Croatia: House Prices, Rents, and Rental Yields
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Yields in Zagreb reasonable; no data elsewhere
| Last Updated: Sep. 03, 2009 | |||||
| ZAGREB - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 35 sq. m. | 76,265 | n.a. | n.a. | 2179 | n.a. |
| 75 sq. m. | 163,050 | 746 | 5.49% | 2,174 | 9.94 |
| 120 sq. m. | 280,200 | 1,218 | 5.22% | 2,335 | 10.15 |
| 170 sq. m. | 392,870 | 1,965 | 6.00% | 2,311 | 11.56 |
| ZAGREB - Houses | |||||
| 150 sq. m. | 304,050 | 1,445 | 5.70% | 2,027 | 9.63 |
| 250 sq. m. | 454,000 | 2,455 | 6.49% | 1,816 | 9.82 |
| 450 sq. m. | 799,200 | 3,321 | 4.99% | 1,776 | 7.38 |
| CENTRAL DALMATIA - Apartments | |||||
| 55 sq. m. | 130,955 | n.a. | n.a. | 2,381 | n.a. |
| 120 sq. m. | 314,640 | n.a. | n.a. | 2,622 | n.a. |
| CENTRAL DALMATIA - Houses | |||||
| 65 sq. m. | 155,415 | n.a. | n.a. | 2,391 | n.a. |
| 120 sq. m. | 251,040 | n.a. | n.a. | 2,092 | n.a. |
| 170 sq. m. | 320,280 | n.a. | n.a. | 1,884 | n.a. |
| 225 sq. m. | 397,125 | n.a. | n.a. | 1,765 | n.a. |
| 600 sq. m. | 1,323,600 | n.a. | n.a. | 2,206 | n.a. |
| SOUTH DALMATIA - Apartments | |||||
| 60 sq. m. | 193,860 | n.a. | n.a. | 3,231 | n.a. |
| 120 sq. m. | 395,640 | n.a. | n.a. | 3,297 | n.a. |
| SOUTH DALMATIA - Houses | |||||
| 120 sq. m. | 327,120 | n.a. | n.a. | 2,726 | n.a. |
| 200 sq. m. | 597,800 | n.a. | n.a. | 2,989 | n.a. |
| 320 sq. m. | 614,720 | n.a. | n.a. | 1,921 | n.a. |
| ISTRIA - Apartments | |||||
| 50 sq. m. | 119,350 | n.a. | n.a. | 2,387 | n.a. |
| 120 sq. m. | 265,560 | n.a. | n.a. | 2,213 | n.a. |
| ISTRIA - Houses | |||||
| 150 sq. m. | 270,900 | n.a. | n.a. | 1,806 | n.a. |
| 300 sq. m. | 550,800 | n.a. | n.a. | 1,836 | 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 |
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It has always been very difficult for us to get good data in Croatia. Rentals on the islands tend to be seasonal, and data about rents on Croatia’s mainland is hard to find.
The result is that we only have data for gross rental yields in Zagreb. Apartment yields in Zagreb range from 4.50% to 6.00%, with larger apartments yielding more (which is unusual).
Yields on houses in Zagreb range from 5% to 6.5%; again, it is rather unusual that houses should yield more than apartments. But the differences are small and may not be significant.
In conclusion: yields on property investments in Zagreb seem to be reasonable.
Croatia - more data and information
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Your Comments
posted by Charles Southgate | 2006-11-20
Director, Property Company, Kastel Novi, Croatia
Dear Sirs, Whilst attempting to create an analytical approach to Croatia's otherwise sometimes opaque property market is laudable, it shouldn't be done at the expense of inaccurate information. As someone who deals day to day with property on the Adriatic coast, from Zadar to Mkarska, and the islands in between, I can categorically say that it is practically impossible to find a property that most people would consider 'livable' for under ?1,600 / m2 and in many cases prices north of ?2,000 are more likely. To suggest a beachfront house of 250m2+ would be available for ?270,000 is frankly ridiculous. Croatia is no longer cheap - it remains good value though in terms of restricted supply, stunning scenery, easy access and good economic prospects. It is also true that pricing is not driven on comparables but by owners perceptions of the market and these can sometimes be very unrealistic. This still leaves many opportunities for good value property in un-discovered areas but it requires reliable local partners to both source these and to help navigate the purchase process. Regards Charles Southgate Director, A Place in Dalmatia www.aplaceindalmatia.com
posted by Matthew Pollock | 2007-01-31
Editor
Thank you Charles. We have now fixed this! Brief explanation: The prices Charles Southgate commented on dated from early 2004. Croatian prices have moved up substantially in the last two years. What is in the table now reflects the more recent date. We now have adopted a yearly price update schedule, which should make this sort of problem rarer.
posted by N Cristina | 2008-01-27
Project Manager, London
I found this site extremely useful and interesting. I am only disappointed at the fact that the stats i was looking at are 2 years old:-( when will your stats be updated? Many Thanks
posted by our Editor: Matthew Pollock | 2008-01-27
Our updates are now continuous, and should, from now on, be updated once a year. Please be understanding - it is not easy to fund the production of data for such a large site.