Properties in Croatia that are next to the sea are selling well and for respectable prices, meaning not too far off peak, perhaps 5% to 10% maximum. Apartments around the €100,000 mark and not too far from the sea are also selling, largely on the mainland and in more typical locations such as Ciovo, near Trogir. This is due to an over supply of apartments and therefore apartment are more heavily discounted and more attractive to potential property buyers. In Split, there a consistent number of enquiries for property in Split old town, as people look for a holiday home and / or investment property. As prices have come down some 20% from peak, Split real estate is now looking more affordable and yields are looking very good.
Croatian property enquiries for the winter period of 2010 to 2011 are up from the previous year. They are still far from pre crisis levels but a significant rise never the less. Transaction volumes are still low but the number of sales converted is rising and investors who have been showing interest over the last 12 months are beginning to commit. With improving economic conditions globally and a signs that confidence is returning in Europe, all be it slowly and cautiously, it would seem that the trend should continue in 2011.
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