Real estate prices out of control in Dalmatia

Real estate prices out of control in Dalmatia

Published at: 2019-07-23 10:21 | Author: CIJ Serbia
The Croatian coastal town of Split has seen a 30 percent rise in residential construction levels over the past two years. Everything that comes to the market is sold, including new product in elite neighborhoods where prices can reach €4,000 per square meter. Demand is outstripping supply and prices are rising quickly, especially in expensive neighborhoods like Znjan and Majam. Nationwide, around 20,000 properties are sold annually.
According to the deputy chairman of the HGK Real Estate Agency, Jasminka Biliskov, investors are increasing prices to whatever level they think the market will pay for. However, she predicts that the price increases have gone too far and that a crisis will erupt within a year. While Biliskov does not expect a complete meltdown as the one from a decade ago, it's realistic to expect a fall in prices.

Similar Stories:

Svoboda & Williams to Exclusively Broker the Sale of Houses in the Na Pramenech Residential Project
The Svoboda & Williams real estate agency will exclusively broker the sale of family h  »
New resi building opens at Vrtovi Riverine complex in Sarajevo
Vila Mak, part of the Vrtovi Riverine residential complex, has opened in Sarajevo’s Ilid  »
Robyg to build micro-apartments in Wola district
Robyg is planning to build micro-apartments in its City Sfera residential project in Warsa  »
Unibep to build second stage of YIT’s Nordic Sadyba in Warsaw
YIT Development has tapped Unibep to build the second phase of its Nordic Sadyba residenti  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »