In a recent analysis conducted by the Njuškalo online advertisement website, it has been revealed that house prices across Croatia experienced a continuous upward trajectory throughout 2023. The study showcased a significant surge, with the average asking price for flats soaring by 21%, reaching €3,223 per square metre. House prices experienced an even more substantial increase, rising by 40% to €2,606.
Dubrovnik and Istria Counties: Pinnacles of Property Rates
The coastal regions of Istria, Dubrovnik-Neretva, and Split-Dalmatia emerged as the epicentres of the escalating property market, with these areas commanding the highest prices. In Istria County, the average asking price for a flat reached €3,836 per square metre, and for a house, it was €3,183 per square metre. The Dubrovnik-Neretva County followed closely, with figures at €3,602 and €2,699, respectively. In Split-Dalmatia County, the corresponding prices stood at €3,590 and €2,960.
City-Specific Trends
In the capital city, Zagreb, the average asking price for a flat reached €2,987 per square metre, while for a house, it was €1,795. Rijeka experienced a 26% increase in flat prices, reaching an average of €2,661 per square metre. Split witnessed a 20% surge, with flats commanding an average of €4,061 per square metre. Meanwhile, Osijek saw a 17% rise, with an average asking price of €1,733 per square metre.
Osijek Leads House Price Surge
Osijek, located in the eastern part of the country, recorded the most substantial increase in house prices, jumping by 15% to an average of €963 per square metre.
The findings point towards a dynamic real estate market in Croatia, with certain regions, particularly Dubrovnik-Neretva and Istria, standing out as hotspots for property investments.
