Croatia has long resisted the downward trend in property prices seen in many European Union member states. In the third quarter of 2023, the country recorded the highest property price growth in the eurozone. Experts hold varying opinions on whether Croatia will soon experience a decline in real estate prices.

A recent analysis by the real estate agency Imperium Immobiliare reveals that, for the first time in a long period, Zagreb is experiencing a drop in real property prices alongside a decrease in transaction numbers. The current decline is at -1.7 percent.

The analysis highlights a significant increase in property prices in Zagreb during the observed periods, with the largest rise between 2022 and 2023 (19%) and a slower growth between 2023 and 2024 (3%). The report indicates that when the growth rate of 3% between 2023 and 2024 is adjusted for the current inflation rate in Croatia, which is 4.7%, it translates to a real decline of 1.7%, according to Poslovni dnevnik.