These are the real selling prices of apartments in Zagreb!
THEORY VS. PRACTICE
We have a list from the most expensive to the most affordable neighborhood: 'These are the real selling prices of apartments in Zagreb'
Source; Jutarnji list: Dom&Dizajn, written by Jelena Cvetko, published: 06. January 2024
The detailed analysis, which brings the realized prices of new buildings and used apartments, was prepared by the agency Euro-interiors
The decline in the number of transactions in Zagreb has so far not led to a significant, long-awaited correction of prices to the lower. Moreover, the real estate classifieds Crozilla.com published data for November 2023, according to which a small increase in average asking real estate prices continues to be recorded in the metropolis on a monthly basis.
But it should be emphasized that these are demanded values that, as experts often point out, are one of the main causes of inflated prices in the market because sellers do not advertise their properties with realistically set amounts. Prices achieved after successful negotiation are often lower values, and data presented at the recent HGK Real Estate Business Forum said the difference between advertised and achieved real estate prices averages about 15 per cent. Diana Perger, whose real estate agency Euro-interiors, based on internal data, has prepared a detailed analysis of the achieved prices of new buildings and used properties in Zagreb neighborhoods, reveals to us what prices for real estate in Zagreb are really sold and what exactly they are looking for.
The results of the analysis show that there are no extremes. The most expensive parts of the city include Jarun, Vrbani, Gredice and Knežija, followed by Medveščak (part above Britanac) and the entire upper part of the city north of Ilica, then Trešnjevka north (Ljubljanica and the center of Trešnjevka near the market), then Maksimir, then the city center, then Trnje and Lanište, then Črnomerec, Stenjevec... “It is with the eastern part of the city where the apartments are the most affordable — comments Diana Perger.
Let's start in order. New construction in Jarun, Vrbani, Gredica and Knežija costs about 5000 euros per square, while the prices of used apartments are around 3400 euros per square. Medveščak is slightly more expensive: new construction is sold at prices from 6000 to 7000 euros per square, and second-hand real estate for 3500 euros per square.
The city center, on the other hand, is a specific story. Apartments in a new building, such as those in Ban Center, are sold for 8500 euros per square, and used ones from 2000 to 4000 euros per square, depending on the microlocation, where the price depends largely on the damage after the earthquake and the condition of the property itself.
The selling price for new apartments on Ljubljanica and Trešnjevka nearby is about 4200 euros per square meter, and for second-hand apartments 2900. Slightly more affordable is new construction in Maksimir, Tranj and Črnomerc, where it reaches approximately the same value, about 4000 euros per square, while second-hand properties achieve different prices: in Črnomerc they are 3300, in Maksimir 3000 and in Trnja 2600 euros per square.
Dubrava is at 3300 euros per square when it comes to new construction, ie at 2300 euros per square for used properties. In the western part of the city, in Stenjevac, Gajnice, Vrapč and Malešnica, new construction prices were realized around 3000 euros per square meter, and used real estate 2600.
The analysis did not include data for new buildings in Lanište and Sesvete, for which there were no input data, while second-hand properties reached prices of around 2600 euros per square meter in Lanište and 2000 in Sesvete.
And what is most in demand? There are no surprises here either: these are usually apartments of smaller square footage.
- The most demanded are one-bedroom apartments with an area of about 40, 50 square meters, after them smaller three-bedroom apartments up to, say, 65 square meters, and then four-room apartments from 80 to 100 square meters. Out of competition, of course, are small studios that are almost not available on the market, and when they appear, they achieve a price much higher than in these processed data - notes Diana Perger.
He adds that the drop in turnover is obvious, but the question is whether it is a holiday lull, which is common at this time of year, or is it a more permanent stalemate in the real estate market that he says will force sellers to correct prices.
- At the end of the year, apartments in new buildings were more in demand than used apartments. If it turns out to be a more permanent stagnation in the market, it can be expected that the first price corrections will have to be made by the owners of used apartments - points out Diana Perger.
Link to the article:
https://www.jutarnji.hr/domidizajn/nekretnine/imamo-popis-od-najskupljeg-do-najpovoljnijeg-kvarta-ovo-su-stvarne-prodajne-cijene-stanova-u-zagrebu-15412333
January 8, 2024 year