Croatia’s real estate market is thriving, with foreign buyers driving demand. Together with our partner Eurovilla, a key player in the country’s property sector, we discuss the current state of the market and showcase a trio of exceptional vacation homes with income-generating potential in scenic seaside areas.
Croatia’s real estate market
Property prices in Croatia have been steadily rising for years. Eurostat’s latest data confirms that in Q4 2022, house and apartment values increased by 17.3%, the highest in the EU. It’s a notable growth in an already strong real estate sector, which accelerated by 14.8% in Q3 2022.
For the moment, the sector remains strong. According to experts, even though the number of houses under construction is increasing, it’s still ninsufficient to meet demand. In 2022, 11,165 building permits were issued, 5.8% more than in 2021.
Factors influencing the rise in prices in Croatia range from favorable lending conditions and APN measures (government housing loan subsidies) to greater income from tourism.
What’s more, according to Jutarnji List, the period before the country entered the euro area and Schengen was encouraging for foreigners and the ex-pat community, who bought properties in more significant numbers.
As a result of Croatia joining the Schengen Area at the start of 2023, experts expect the market to cool down and growth to be more sustainable.
The Croatian economy continued to rebound in 2022, with gross domestic product advancing 5.2% year-on-year in Q3. The reopening of the world after Covid restrictions, with tourism – the most crucial sector of the Croatian economy – boosted by high demand and built-up savings due to the pandemic.
Overall, it’s still an opportune time to buy in Croatia, from both a lifestyle and an investment perspective.
Villas for sale in Croatia’s top Adriatic areas
With that in mind, we’ve collated three superb houses to tour, ranging from a deluxe villa in a picturesque village and a new build in Krk to a modern residence near Dubrovnik.
Stunning four-bedroom villa with a pool near Primošten
Location: Dalmatian Coast
Price: €1.95 million
Villa Sunray is enviably positioned close to the small town of Primošten, 27 kilometers from the city of Šibenik, 60 kilometers from Split, and just 600 meters from the water. The visually striking high-ceilinged house boasts a Mediterranean atmosphere thanks to the traditional Dalmatian architecture. Spanning 300 square meters and situated on a plot of 1,000 square meters, the two-story air-conditioned dwelling comes complete with a covered terrace, a heated swimming pool, and glorious views of Primošten and the Šibenik Archipelago.
Additional noteworthy features include a two-car garage, plus a pair of outdoor parking spaces, a basketball court, and a fireplace. Being just outside the center of Primošten, the next owner will enjoy peace and privacy as well as close proximity to restaurants, bars, and amenities.
Known as “Croatia’s prettiest seaside village”, the Old Town of picture-postcard Primošten comprises white limestone buildings with red-tiled roofs. Sitting pretty on a peninsula, the place is known for its sand and pebble beaches (there are more than 20 in fact), turquoise waters, and wineries.
Modern island residence in Baška
Location: Krk Island
Price: €2.1 million
This fully equipped contemporary villa covers 250 square meters and is located close to Baška Bay – “one of the largest and most beautiful pebble beaches on the Adriatic, spanning 1,800 meters”. Spread over three floors, the basement boasts a wellness space with a sauna and Jacuzzi, plus a fitness area. Check out the living room that’s decked out with Natuzzi furniture before taking in the covered terrace and the heated pool beyond.
Each spacious bedroom has an en-suite; two have access to a balcony – ideal for admiring the wonderful views. Other notable features include four covered parking spaces, a smart KNX home system, underfloor heating and cooling, a landscaped garden filled with indigenous trees and shrubs, and an outdoor kitchen.
Surrounded by mountains, Baška was once a small fishing village – these days, with its charming Old Town, array of restaurants and cafés, paradisiacal beaches, and scenic hiking and cycling trails, it attracts holidaymakers and investors. Meanwhile, Krk Island itself is one of the largest in Croatia and home to its own international airport.
Contemporary-style villa in Brsečine
Location: Dubrovnik Coast
Price: €2.2 million
Just half an hour along the coast from Dubrovnik, this upscale 344-square-meter villa boasts unparalleled vistas out to the Adriatic Sea and the Elaphiti Islands. With contemporary architecture and a tranquil vibe, the property features floor-to-ceiling windows, air-conditioning, and the highest quality materials throughout. Additionally, each bedroom has access to a terrace for savoring the fabulous scenery.
In the basement, there’s an entertainment zone, plus a fitness space with a sauna. Up a level, take in the capacious living area before heading out to the covered terrace, sun deck, outdoor kitchen, and swimming pool.
Situated along the “Dubrovnik Riviera”, the village of Brsečine is home to a bay and harbor and easily accessible to the city and all it has to offer, from Michelin-starred Restaurant 360 to the world-famous UNESCO-designated center.
Still under construction, the home is due to complete at the end of 2024.
For more information on these exciting opportunities, contact Eurovilla.
