Sale prices vs. rents

Sale prices vs. rents

In the past 10 years, property prices in European Union increased significantly more than the rents, which is exactly the case with Croatia too.

According to Eurostat, from 2010 until the late 2020, rents increased by 14,6% on average in the entire Union. At the same time, property prices increased by 26,8% on average. Croatia has a bit modest figures compared with EU (12% rent increase and 18% price increase), which can be explained by the delayed economic growth after the last world crisis.

Property prices during the 10-year period increased in 23 member states (Estonia the most, followed by Hungary, Luxembourg, Latvia and Austria) and decreased in 4 (Greece the most, followed by Italy, Cyprus and Spain).

At the same time, in this 10-year period, rents rose in 25 member states (Estonia the most) and lowered in only 2 countries.

www.rightpropertycroatia.com