Drastic rise in property prices in Croatia in 2021
The Croatian real estate market has never had such a hurricane demand as in 2021.
Real estate buyers have flooded the country since April this year. There are 3-4 times more people who decided to become the happy owners of Croatian real estate than in 2019.
One of the reasons was isolation and lack of travel in 2020, which led to a surge in consumer energy a year later. Another reason was rising inflation and negative bank rates, pushing EU buyers to seek the undervalued real estate market - and the Croatian market was the closest and easiest choice. The most popular format in 2021 was an Istrian detached villa with a pool up to 350,000 eur, which could even be 10 km from the sea. In second place are villas on the first line up to 1-1.5 million euros (mainly in Dalmatia). The third place was shared by land plots by the sea (almost all existing proposals were sold out) and 2-3-room apartments within walking distance from the sea up to 200,000 - 250,000 eur. A new trend has been identified - people are now trying to be more isolated. Previously, no one looked at remote islands with abandoned ruins and without water and electricity connections. But 2021 has come, and now this property is among the favorites. Robinson style life, vacation on a lighthouse has become the dream of the average EU buyer. As a result of the incredibly high demand, the real estate market is faced with a situation of real estate shortages and a rise in prices by 35% in 9 months of 2021. New construction does not fill up the shortage of proposals so quickly, there are no more good plots for construction, so prices will continue rising.