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Authentic Dalmatia

Real estate prices in Croatia go down for almost 40 %, interest grows
Real estate agency Trgostan Split in cooperation with more than 40 European agencies and 12 European real estate portals conducted a research, taking into account the number of visits to web portals,
the number of queries, real estate with revised/ reduced prices and the final prices, comparing them to the identical parameters for the previous year, in an attempt to obtain the most relevant data on the current status of the real estate market. The real estate covered by the research are located in Dalmatia.

The research revealed that the prices of unsold real estate, compared to the same period last year, have decreased by 21 %, whereas the real estate sellers had to lower the price up to 37 % compared to the initial price in order to make a sale.

The structure of the visitors using the portal has changed in comparison to the previous year. Along with typically most interested Croatian citizens, the top ranking are visitors from Germany, Slovenia, USA, Switzerland, Sweden, Austria and Italy. Flagging interest has been identified with visitors coming from Great Britain, leading to the decline of 23.5%, compared to the last year’s figures. The decline in the number of French visitors is 18.6 %, Czech visitors 12.4 % and Hungarian visitors 10.4 %. Impressive growth in the number of Russian visitors, a whopping 34.2 % has been noted. The total increase, referring to the number of visits is 10.2 %, whereas the number of queries remained on the 2008 level.

In addition to the locations on the islands of Hvar and Vis, as well as in the Split, the greatest interest is generated for the real estate located on Trogir Riviera and the island of Brac, as well as the real estate within the price range from EUR 50,000 to 150,000. It is interesting to note that following the more affordable real estate, the greatest interest is expressed in real estate within the higher price range, located on more exclusive destinations and priced EUR 500,000-1,000,000.