VRTNI NAMJEÅ TAJ - DalCasa

EventsCijene na Jadranu polako rastu jer počinje novasezona / The prices on Adriatic are slowly growingbecause a new season is coming our way38No SignificantDownfall ofReal EstatePrices on theHorizonThere shouldn’t be too much hope fora large downfall of real estate prices inCroatia. However, what’s positive aboutthe whole situation is the fact that the futurebrings a filtration on the real estatemarket, particularly on the Adriatic and inlarger cities. That occurrence could trulyend the chaos that is currently present onthe marketWritten by: Aleksandar VrtariæPhoto: DalCasa ArchiveReal estate prices in Croatia, as well as in otherparts of Europe, have constantly been growingover the last several years, and many peopleagree that general chaos in running rampant onthe market – the prices are often unrealistically high, andthere are lots of newly built objects that, despite their enormousprices, do not offer adequate quality. The investorsdon’t seem to have a problem with that as new buildingsare being constructed on daily basis all over Croatia, particularlyin the capital and on the coast. Therefore, the offeringis quite large, but what about the demand? Thereare more than enough people that dream of buying anapartment in Zagreb or a lovely apartment on the Adriaticcoast, but the reality says – and it has particularly beenemphasized this year – that the number of people whofind what they want on the real estate market is muchsmaller. During the course of this year and last year, differentmedia outlets reported stagnation, and even a smalldownfall of prices, on the real estate market. But is thattruly what happened? If we are to believe real estateagencies, then such a claim is very far from the truth becausethey mostly state that the only thing that is stagnatingand dropping is the number of purchases, but not thereal estate prices themselves. On the contrary, they justkeep growing. Honestly, not in such dramatic fashion aswe witnessed over the last ten years, but a five-percentincrease is still – an increase.Keeping Up with the European Union?Many factors have a strong influence on the real estateprices, and one of them is the fact that Croatia is approachingthe European Union. There are plenty of foreigncitizens that want to invest into Croatian real estates,which makes it clear that real estate prices have to beadjusted to their standards and buying power. Stating