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Croatia: House Prices, Rents, and Rental Yields

Last Updated: Sep 03, 2009

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

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.

 





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.

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