The deficit of quality real estate in the market
The earthquake and the corona crisis together changed the image of the Zagreb real estate market, and the biggest change was experienced by the city center.
Except falling demand for apartments in the city center, an analysis of the ad Crozilla.com showed that some of the consequences of the earthquake and corona crisis which in the past months have also been strongly reflected in the Zagreb real estate market high demand for newer and better quality real estate, but also increase in demand for houses. Such a scenario also took place in August. Old apartments in the narrower and wider city center, until the unfortunate March were in high demand and reached very high prices, but now the situation is different, so on the ad Crozilla.com instead of the old ones Apartments in the Center Looking for more today new construction, especially in the “safer” parts of the city, and houses, especially those with a garden plot, are also gaining in importance.
Higher demand for new construction in Zagreb resulted in Higher priceswhich on the Crozilla.com advertisement rose 2.7 percent in August compared to last year, while compared to the same month in 2018 they grew by 9.2 percent, and for a square meter, on average, 2194 euros were requested. Compared to the previous month, new construction in the Zagreb area recorded a difference in the form of a price increase of only 0.3 percent.
After the spring quarantine, citizens began to appreciate more the freedom it provides house in nature or with its own yard, so the demand for them also increased. Zagreb was the most searched city in August on the Crozilla.com ad Buying a house, and in addition to higher demand, slightly higher prices were recorded. Compared to last year, in August they grew by 4.6 percent, and the price per square meter, including the price of the garden, averaged 1402 euros. Ivana Čikić owner of real estate agency Dom ekspert d.o.o. says that compared to last year it feels light an increase in interest in houses, and adds: “Compared to last year, we have noticed that houses of lower value are also being sold where people plan to live, but also cottages up to 25,000 euros that people intend to use for vacations.”
There is a demand, but there is a shortage of quality real estate
Zagreb was the most sought-after city for buying houses and apartments on the Crozilla.com ad during August, but despite the high demand, the market still lacks quality real estate, especially new buildings.
“The standard in Zagreb are the most wanted family apartments, quality layout, two-roomand three-roomin landscaped neighborhoods containing all the necessary infrastructure for a comfortable life such as proximity to public city transport, schools, kindergartens, health center, shops and others. It has also been observed emigration trendand unfortunately lower demand in the very center of the city, in favor of real estate in the suburbs. The reason is natural Earthquake.” - she said Diana Perger, owner of a real estate agency Euro-interiors, for Crozilla.com.
Weaker interest in real estate in the center of Zagreb has been noted in recent months on the ad Crozilla.com, so the most sought after neighborhoodsfor the purchase of apartments during August were Trešnjevka, Dubrava and Maksimir, and only then Centar. “They are wantedfamily houses, but also apartments in new buildingor newer construction. It is precisely such properties that have been lacking for years.“- Ivana Čikić told Crozilla.com and added that in the area Zagreb has existed for years deficit of quality real estate on offer, and adds “These are properties that have the following criteria: good location, functional and used layout of the premises, good condition in the sense that the building is maintained and that the common parts of the building are regularly repaired and arranged, and proper documentation. Customers almost alwayshave to make compromises when buying real estate, reduce their priorities to the two or three key criteria that matter most to them, and they must close their eyes to other shortcomings.”
published on 28.09.2020 year