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Dec 17, 2017

Croatia: reasonable prices, reasonable yields


Last Updated: Dec. 17, 2017
ZAGREB - Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
90 sq. m. 172,620 870 6.05% 1,918 9.67
120 sq. m. 237,360 1,074 5.43% 1,978 8.95
DUBROVNIK - Apartments
120 sq. m. 363,360 n.a. n.a. 3,028 n.a.
SPLIT - Apartments
60 sq. m. 179,460 701 4.69% 1,994 7.79
120 sq. m. 313,920 835 3.19% 2,616 6.96
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Districts researched:
Zagreb: Donji Grad, Gornji Grad (Centar), Medveščak
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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