Real estate prices on Croatian islands

Šime Unić
Real estate prices on Croatian islands

Purchasing a piece of real estate on one of Croatia's islands is a dream come true for many. Usually, the people interested in this are mostly looking for a vacation house or an ideal building plot where they can build that same vacation house and make the absolute most of their summer holiday.

Some will keep their vacation houses for themselves, others will see them as a business investment, a place they can rent out to clients, and there are even people who will be looking for a house where they can live throughout the year. Regardless of their motivation, though, all those potential buyers will want to know everything about real estate prices on Croatian islands.

If you are one such prospective buyer, you've come to the right place because the rest of this text will show you what kind of prices to expect and what they will depend on. So, let's get started!

What is the most popular type of real estate?

According to all available data, the most popular type of real estate on Croatian islands are old stone houses, and these are especially attractive to foreign buyers. However, domestic investors are often looking for houses like that because they can often be acquired for a somewhat lower price if they are not in mint condition.

Therefore, investing in their renovation can be a great move because the property's value can rise substantially because of that.

Old stone house

It needs to be pointed out that these houses are somewhat less common in isolated locations that would allow new owners uninterrupted rest and relaxation, but there's something to be said about living in a picturesque village on a small island.

In case you're looking for a modern villa or a location far from any town or village, the simplest move would be to look for the right building plot and then start building your dream house there.

What influences real estate prices on islands?

As is the case with mainland real estate, the price can depend on a variety of factors. However, some of them are unique to islands.

For example, smaller islands can have problems when it comes to their connections with the mainland, which can make transporting people and goods more difficult. Furthermore, smaller islands may not have the equipment necessary for building a house, so you may have to hire more people to help you. Then there's the matter of infrastructure, but this doesn't necessarily depend on the island's size.

Still, when you look at the big picture, real estate prices on Croatian islands don't differ from each other too much. Of course, there are some notable differences, but these are not some shocking amounts.

Croatian island real estate

What you can be absolutely sure will influence the price of the real estate you've set your eyes on is its distance from the sea and the view of the Adriatic – the closer it is, the more valuable it will be. However, you should also consider the amount of land on your parcel, the overall state of the property and the aforementioned infrastructure.

Another good thing to check is the roads because they can differ quite a bit from island to island, and their quality is vital for the quality of your stay.

How big exactly are real estate prices on Croatian islands?

You may be surprised to know that there is no major difference in house prices on the mainland and on the islands. Whatever the case, you can expect to pay on average a bit above 1000 euros per square meter, sometimes even above 1500. Obviously, this concerns primarily old stone houses – if you're looking for a villa right next to the sea, the price will be much higher. But an average house should not differ much from a house on the mainland when it comes to the price.

It's also good to know that the prices we're discussing here are what the sellers will ask from you initially. This means that, with a little bit of skilful negotiation, you can bring that amount down, often by more than 10%. So, if you've expected the prices to be lower on the islands, don't let these amounts scare you.

On the other hand, if you're interested in building plot prices, for the most part, the same principle applies, and that means you can expect roughly the same prices all across the Croatian coast. A building plot will cost you somewhere in the neighbourhood of 150 euros per square meter both in Supetar on Brač and on the island of Krk. There are, however, exceptions to this, so in some places (for example, Korčula), you will have to pay twice that amount per square meter.

Vis island real estate

Final words

Considering all that has been said here, an average buyer of real estate on islands in the Croatian part of the Adriatic can count on a wide variety of choices. The prices of stone houses generally do not oscillate much, and a hand tip is that you can bring those down significantly. Of course, modern luxury villas will cost more, but if you're looking for a quaint little house at the seaside, you just have to pick the island you like best.

But don't forget about the other factors that affect a property's value – connections with the mainland and the rest of the island, the vicinity of the sea and the view you can enjoy will always impact the size of your investment.

With these tips in mind, check out the real estate Terra Dalmatica has prepared for you and you will quickly find the one that will fit you perfectly!

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