Prices for apartments and houses in Croatia increased by 10.1% year-on-year, according to Eurostat data for the 4th quarter of 2024. This is one of the highest rates in Europe. Housing prices rose more strongly only in Bulgaria (18.3%), Hungary (13%), Portugal (11.6%), Spain (11.4%), the Netherlands (10.8%) and Poland (10.4%).
Experts believe that prices are likely to continue to rise throughout 2025, albeit at a slower pace than in recent years.
Statistics show a steady upward trend, especially for newly built homes. Despite the fact that fewer and fewer real estate transactions are being registered, prices continue to rise, indicating that demand continues to exceed supply.
Realtors interviewed by Croatia Week noted the problem of a shortage of new buildings on the market, which leads to higher prices. In their opinion, the solution could be the provision of public lands for development. According to some estimates, about 32,000 new apartments could be built on municipal land in the center of Zagreb.
Source: Croatia Week
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