Building land in Croatia continues to cheapen

05.02.2011 16:41
Prices of building plots in Croatia continue to decline. In December 2010 compared to the previous month, the land fell by 4.3% and year over year prices fell by 10%.

The biggest fall recorded in Zagreb and Zagreb County, where land values fell by 8% compared with November 2010. Average prices in December were 198 and 75 euros / m? respectively.

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In Split-Dalmatia plots for construction fell 4.7%, bringing the average price was 174 euros / m?.

B? Greater stability of prices shown in Zadar - the cost of plots decreased by only 1.02% and amounted to EUR 125 / m?.

In Istria prices remained at the November level - 86 Euro / m?. The only region where a growth has become the Primorsko-Goransky County. In December, the average price of land rose by 1,4% and reached 116 euros / m?.

Homes across the country in December fell by 2% year on year decline amounted to 7%. Property prices in Croatia continue to decline, despite a reduction in construction. It is obvious that the bottom is not passed and the negative trend will continue in 2011.

In Zadar and Osijek housing in December cheaper by 4% in Pula - 3,6%. In Rijeka, Dubrovnik and the prices have not changed, and in Zagreb even grew by 0,8% compared with November last year.

According to the portal Crozilla, most foreign buyers have shown interest to sites and houses on the coast. Themselves as Croats prefer to build and live in Zagreb, Zagreb and Split-Dalmatia.
Content tags: Overseas property land
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