Croatia: House Prices, Rents, and Rental Yields
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Last Updated: Nov 22, 2006
One of the most expensive in the Southeastern Europe
| Last Updated: Nov. 22, 2006 | |||||
| ZAGREB - Apartments | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 75 sq. m. | 180,000 | n.a. | n.a. | 2,400 | n.a. |
| 110 sq. m. | 225,000 | n.a. | n.a. | 2,045 | n.a. |
| 140 sq. m. | 334,000 | n.a. | n.a. | 2,386 | n.a. |
| ZAGREB - Houses | |||||
| 200 sq. m. | 350,000 | n.a. | n.a. | 1,750 | n.a. |
| 350 sq. m. | 643,000 | n.a. | n.a. | 1,837 | n.a. |
| 450 sq. m. | 855,000 | n.a. | n.a. | 1,900 | n.a. |
| DUBROVNIK - Apartments | |||||
| 55 sq. m. | 215,000 | n.a. | n.a. | 3,909 | n.a. |
| 80 sq. m. | 280,000 | n.a. | n.a. | 3,500 | n.a. |
| 120 sq. m. | 490,000 | n.a. | n.a. | 4,083 | n.a. |
| DUBROVNIK - Houses | |||||
| 70 sq. m. | 275,000 | n.a. | n.a. | 3,929 | n.a. |
| 120 sq. m. | 480,000 | n.a. | n.a. | 4,800 | n.a. |
| 200 sq. m. | 830,000 | n.a. | n.a. | 4,150 | n.a. |
| 300 sq. m. | 1,000,000 | n.a. | n.a. | 3,333 | n.a. |
| 500 sq. m. | 1,375,000 | n.a. | n.a. | 2,750 | n.a. |
| HVAR ISLAND - Apartments | |||||
| 55 sq. m. | 145,500 | n.a. | n.a. | 2,645 | n.a. |
| 80 sq. m. | 200,000 | n.a. | n.a. | 2,500 | n.a. |
| 120 sq. m. | 340,000 | n.a. | n.a. | 2,833 | n.a. |
| HVAR ISLAND - Houses | |||||
| 70 sq. m. | 195,500 | n.a. | n.a. | 2,793 | n.a. |
| 100 sq. m. | 247,300 | n.a. | n.a. | 2,473 | n.a. |
| 200 sq. m. | 590,000 | n.a. | n.a. | 2,950 | n.a. |
| 300 sq. m. | 630,000 | n.a. | n.a. | 2,100 | n.a. |
| 500 sq. m. | 1,200,000 | n.a. | n.a. | 2,400 | n.a. |
| KORCULA ISLAND - Apartments | |||||
| 55 sq. m. | 96,000 | n.a. | n.a. | 1,745 | n.a. |
| 80 sq. m. | 153,000 | n.a. | n.a. | 1,913 | n.a. |
| 120 sq. m. | 220,000 | n.a. | n.a. | 1,833 | n.a. |
| KORCULA ISLAND - Houses | |||||
| 70 sq. m. | 126,000 | n.a. | n.a. | 1,800 | n.a. |
| 100 sq. m. | 198,500 | n.a. | n.a. | 1,985 | n.a. |
| 200 sq. m. | 390,000 | n.a. | n.a. | 1,950 | n.a. |
| 300 sq. m. | 625,000 | n.a. | n.a. | 2,083 | n.a. |
| 500 sq. m. | 1,175,000 | n.a. | n.a. | 2,350 | n.a. |
| BRAC ISLAND - Apartments | |||||
| 55 sq. m. | 99,000 | n.a. | n.a. | 1,800 | n.a. |
| 80 sq. m. | 150,000 | n.a. | n.a. | 1,875 | n.a. |
| 120 sq. m. | 180,000 | n.a. | n.a. | 1,500 | n.a. |
| BRAC ISLAND - Houses | |||||
| 70 sq. m. | 165,000 | n.a. | n.a. | 2,357 | n.a. |
| 100 sq. m. | 220,000 | n.a. | n.a. | 2,200 | n.a. |
| 200 sq. m. | 392,000 | n.a. | n.a. | 1,960 | n.a. |
| 300 sq. m. | 455,500 | n.a. | n.a. | 1,518 | n.a. |
| 500 sq. m. | 970,000 | n.a. | n.a. | 1,940 | n.a. |
| * Properties in the islands are rented seasonally, while in the mainland, we could not find sufficient number of apartments that are for rent. Source: Global Property Guide |
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Rental apartments in central Zagreb can cost around €2,000 to €2,400 per sq. m., with bigger properties generally proportionately more expensive. Prices of houses in the suburbs range from €1,700 to €1,900 per sq. m.
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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.