Croatian square meter fell in price by 1 thousand kuna

March 27, 2014

Croatian square meter fell in price by 1 thousand kuna

Central Bureau of Statistics announced the financial results for 2013. It turned out that new apartments in Croatia were sold at €1,391 (10,662 kuna) per sq.m, i.e. by €145 (1,112 HRK) less than in 2012, writes ee24.com citing poslovni.hr.

If the price of a new housing in Croatia fell by 9.5% last year, in Zagreb it immediately fell by 11.3%, to €1,449 per sq.m, in other cities - by 6.1%, to €1,297 per sq.m.

However, the above data relate to the "open market." If we add the subsidy program (POS), the average price of a square meter in new apartments in 2013 will amount to €1,360, almost 10% less than the previous year.

59% out of 1997 new properties were bought in Zagreb. 7% of properties were purchased with the help of POS last year.

Recall that according to the latest data of February 2014, the asking price of apartments in Zagreb was €1,557 per sq.m. The asking price is usually always slightly higher than the transaction price.