German Interest in Croatian Real Estate is Growing Again

Analysts from the Indomio network, through data analysis from last year and this year, reveal interesting changes and a growing interest in Croatian real estate, as reflected in the number of inquiries and ad views. A 25% increase in inquiries from German buyers has been recorded compared to the same period last year.

According to the report from Indomio.hr, the leading real estate portal in Croatia and part of the Indomio group, Germans primarily search for properties in Zadar County, which accounts for 35% of all searches. This is followed by Split-Dalmatia County with 25%, Primorje-Gorski Kotar and Istria with 15% each, and the City of Zagreb with 10% of all searches. In addition to these counties, Istria and Zadar counties, especially the island of Vir, have shown a notable interest among German and Austrian buyers. Mladen Matijević claims that there has been a 40% increase in searches compared to last year.

German buyers are looking for various types of properties. Interestingly, since the beginning of this year, there has been an increased interest from German buyers in building land, which has been searched more than villas. However, houses and apartments remain the top searches. Mladen Matijević points out that "regardless of whether they are domestic or foreign buyers, in the top five counties most sought after by Germans, houses are the first choice of potential property buyers, followed by apartments and building land." Houses make up 45% of all searches, while apartments account for 30%. Searches for building land have increased by 20% compared to last year, while searches for villas, despite the general interest, have decreased by 10%.

Croatia is becoming increasingly popular among foreign investors, so it is no surprise that properties in Croatia are among the top 5 sought-after destinations in Germany. The reasons include tourism, investment, and quality of life. Germans are attracted to the Croatian coast, cultural heritage, and natural beauty. Regarding investment, although property prices in Croatia are rising, they are still significantly lower compared to Germany, which means that Germans recognize investment potential. Furthermore, the quality of life in Croatia is high; excellent climate, safety, and affordable living costs are key factors for German buyers.

The increase in interest from German buyers for Croatian properties shows positive changes in the market. This trend indicates significant potential for the real estate market in Croatia, especially in popular counties recognized for their beauty and investment potential.

"The continuous increase in interest from German buyers for Croatian properties," said Mladen Matijević, "indicates a stable and promising trend in the market, providing significant potential for further development and economic growth in Croatia."