Real estate prices in Croatia since the beginning of the crisis suffered a serious stroke and significantly down compared to the time when the building on all sides, and the price of the squares flew into the sky.
Real-estate bubble suddenly blew, and parallel to this is the entire building industry is found on his knees. At the recent Forum of property was reported that the average price achieved at the level of Croatian apartments 8.89 percent lower than last year, and the biggest Zagreb market average price of apartments compared to last year sank 9.4 percent and currently stands at 1,377 euros per square meter. At the same time, the average price of apartments in the Adriatic rose by 0.95 per cent to 1,588 euros per square meter.
Extremely important issue of the property market is the gray economy and the inability to control unregistered agency within the legal framework, and do not help either notice real estate taxes and generally poor state of the economy. In our week’s Fight Club we wonder whether the real prices continue to fall and at this point we bring you thinking Bore Vujovic, director of real estate agency Operetta and Vedrane Likan, director of consulting company Colliers International for Croatia, Slovenia and Bosnia and Herzegovina.
Source: liderpress.hr