Dubrovnik: Why is it worth investing in real estate in this city?

Dubrovnik: A unique city on the coast

Dubrovnik is a unique city located on the Adriatic Sea coast in Croatia, known for its comfortable climate, where winter temperatures do not drop below 13°C, and summer temperatures rise to 25.8°C. This area is famous for its picturesque views and crystal-clear waters.

The real estate market in Dubrovnik

The real estate sector in Dubrovnik is characterized by stability and active development, making it less susceptible to economic turmoil and price fluctuations. In Dubrovnik, the demand for housing consistently exceeds supply, which in turn leads to a high level of property prices in the region.

Housing prices

For a long time, Dubrovnik has been at the top of the rankings for housing prices in Croatia. The average price per square meter of residential property here is about 3,100 euros, while exclusive properties can reach a price range of 4,000 to 6,000 euros per square meter.

It is worth noting that the dynamics of housing prices in this region are also impressive:

• From September 2015 to September 2016, there was a 6% increase in price.
• Renting property in this area is a very profitable business.
• The number of tourists visiting Dubrovnik increases by about 10% each year.
• Almost a third of all tourists choose to stay in private homes or apartments.
• In 2015, the number of vacation rental tenants increased by 24%.

Attractive neighborhoods of Dubrovnik

When talking about attractive neighborhoods in the city, it's worth highlighting a few places in Dubrovnik that catch the interest of potential real estate buyers. In particular, let's focus on the following areas:

• Old Town (Stari grad)
• Ploče
• Gruž
• Lapad

The suburbs also include:

• Orašac
• Zaton
• Mlini
• Cavtat

Old Town

The Old Town is the most significant and aesthetically appealing part of Dubrovnik, which is a pride of medieval architecture. It is home to numerous historical monuments, including:

• churches
• areas
• fountains
• palaces
• bell tower

In 1979, this area was added to the UNESCO World Heritage list. It is a destination not only for tourists but also for fans of popular series, as the Old Town was the filming location for "Game of Thrones." Housing prices in this historic center are nearly double the national average, and, for example:

• An ancient building with an area of 240 square meters can be purchased for 1.5 million euros.
• A townhouse with an area of 216 square meters, located just a hundred meters from the main street Stradun, costs 1 million euros.

Renting accommodation in the Old Town also falls into a high price category, where the cost can range from 80 to 200 euros per night during the peak season.

Conclusion

Thus, Dubrovnik is not only a picturesque spot on the global map but also a place with a very attractive real estate market that is worth considering for both permanent residence and investment purposes.

Real estate in the old town

Real estate in the city center rarely goes on sale, and most often such properties are not intended for permanent residence. In the summer, this area is crowded with tourists, while in winter, on the contrary, there is a significant emptiness. Next to the old town is the Ploče district, and all the main attractions of Dubrovnik can be reached in just a 10-minute walk, but the return journey is challenging due to the many steep stairs, as the buildings are located on the slopes of the hill.

Advantages of Plates

One of the main advantages of Ploče is the stunning view from the windows of most apartments and houses. Here, those interested can enjoy:

• with a view of the sea
• the green island of Lokrum
• with ancient tiled roofs

This area also features a wonderful sandy-pebble beach called Banje, which is considered one of the best in Dubrovnik. Along the coast, there are prestigious five-star hotels and the popular Eastwest Beach Club, which is favored by young people.

Choosing accommodation in Ploče

In Ploče, you can find accommodation suitable for every taste and different budgets:

• two-bedroom apartments with terraces and green areas near the beach and the old town for a price of around350 thousand euros
• spacious two-story villas with six rooms and two terraces at a cost of approximately600 thousand euros

Gruz District

The Gruž area, located just two kilometers from the old town, is an important transportation hub that includes a seaport and a bus station. This is where the majority of tourists arriving to visit Dubrovnik come. Gruž also serves as a starting point for boat excursions to the islands:

• Mlet
• Elafiti
• Shipan
• Lopud
• Kolochep

Central Market of Gruzha

At the central market of Gruzha, you can buy fresh fish, vegetables, and fruits. There are also numerous cafes, restaurants, and various shops located here. Recently, this area has been increasingly attracting investors, and the city authorities plan to modernize and expand the port, as well as improve the infrastructure for recreation, creating:

• walking areas
• bike paths
• restaurants
• large retail spaces

Picturesque views of Gruzha

Residents of Gruzha can enjoy beautiful views of the sea and the cruise ships passing into the harbor. Prices for apartments with a view of the port range from150 to 250 thousand eurosdepending on the area of the housing.

Lapad Peninsula

Three kilometers northwest of the old town lies the Lapad Peninsula, which is considered one of the best resort destinations in Dubrovnik. The walk from the old town to Lapad takes about half an hour or just 15 minutes by public transport. In the central part of the peninsula, you can find:

• ordinary urban neighborhoods with residential buildings
• stores
• restaurants
• cafe
• banks
• beauty salons
• medical institutions

Lapada Promenade

A wide promenade runs along the coast, lined with top-tier hotels. This place is perfect for relaxation and enjoying the surrounding atmosphere, offering excellent conditions for tourists and locals alike.

Lapad: Beautiful beaches and high real estate prices

One of the main features of Lapad is its long beaches, which have many sandy areas. This area is famous for its green villas and picturesque landscapes. The cost of real estate in Lapad is quite high.

For example, you can buy a luxurious house with ten bedrooms for2.5 million eurosThere is also a unique stone house dating back to the 15th century, which includes five bedrooms and a garden; its price is600 thousand euros.

For those looking for modern and elite housing options, two-bedroom apartments with terraces and jacuzzis are available, with prices starting from590 thousand eurosYou can rent an apartment here for an amount starting from450 to 650 eurosmonthly.

The suburbs of Dubrovnik and the "Dubrovnik Riviera"

In the vicinity of Dubrovnik, there are suburbs such as Orašac and Zaton to the northwest, as well as Mlini and Cavtat to the southeast.

Charming village of Zaton

On the picturesque shores of an amazing lagoon lies the charming village of Zaton, which is divided into two parts: Veliky Zaton and Maly Zaton. Each of these areas offers magnificent beaches, cozy restaurants, bars, and shops, making it an ideal place for relaxation and entertainment.

Infrastructure and active recreation

The infrastructure of Zaton is well-developed and suitable for a wide variety of outdoor activities, including:

• rock climbing;
• swimming;
• water skiing;
• windsurfing.

The exceptionally clear and calm waters of the bay attract diving and snorkeling enthusiasts, offering them unforgettable marine adventures.

Real estate in Zaton

Real estate in Zaton is predominantly represented by luxury villas, many of which are located in close proximity to the beach.

For example, an incredible villa withsix bedroomsA fully furnished property, complete with a garage, jacuzzi, garden, swimming pool, and gym, is available just 30 meters from the shore. Its price ranges from1.5 to 2.5 million euros.

These villas can also often be rented out for short-term stays, which generates income from750 to 1,200 euros per nightAdditionally, in Zaton, you can find more affordable housing options starting from the price of250,000 euros.

The resort village of Mlini

Just 11 km from the famous Dubrovnik, nestled against the backdrop of picturesque green hills, lies the resort village of Mlini. This place is renowned for its calm and secluded atmosphere.

For lovers of active recreation and shopping, a trip to Dubrovnik or Cavtat is a must. The nearest large shopping center is located in the neighboring village of Srebreno, which can be reached in just a short walk.ten minutes on footBuses from Mlini to Dubrovnik depart every half hour.

The beaches of Mlini

The beaches of Mlini, both pebble and sandy, are well-equipped for diving and windsurfing, making them perfect for family vacations with children. The sandy beach in Mlini is a very comfortable place for relaxing with small kids.

In the village, there are many historical monuments, including:

• medieval Church of Saint Hilarion;
• Chapel of Saint Roch;
• ruins of ancient Roman structures.

Opportunities for buying property in Mlini

If desired, for a sum of600 thousand eurosIt is possible to purchase a house with an area of170 m²It will include a garage, a plot of land, and a terrace. Prices for two-bedroom houses start from250,000 euros.

A regular income can be obtained by renting out a villa with a garden and a pool in Mlini, where the rental price can vary from700 to 1,000 euros per day.

Cavtat is a southern town in Croatia.

Cavtat, in turn, is the southernmost town in Croatia and stands out among other resorts around Dubrovnik due to its status as a relatively large settlement, as it is home to over2,000 people.

In Cavtat, there are many bars and restaurants, as well as:

• four markets;
• fitness center;
• tennis courts;
• diving school.

Active recreation and the nature of Tsavtata

Throughout7 kmAlong the coast, where pine trees grow, there are beautiful walking paths. In the surrounding area of the city, there are also bike paths and hiking routes, which provide additional opportunities for active recreation.

Historical monuments of Tsavtata

The old town of Cavtat is wonderfully preserved and is a striking example of medieval architecture. Here are some places worth visiting:

• princely palace;
• ruins of ancient fortifications and an amphitheater;
• Mausoleum of Rachich.
• St. Nicholas Cathedral;
• Monastery of the Virgin Mary.

All these places are important historical monuments of the region.

Conclusion

In conclusion, I would like to emphasize that Dubrovnik is not just a resort city with a mild climate and picturesque landscapes, but also one of the most attractive places for real estate investment on the Adriatic coast.His high stability in the real estate marketThe constant rise in prices also makes Dubrovnik a unique place for investments. Moreover, the increase in tourist flow...10% annuallyensures a constant demand for rental housing, which is an important factor for investors.

The uniqueness of Dubrovnik's neighborhoods

Each district of Dubrovnik has its own characteristics and uniqueness, which not only contributes to the diversity of housing but also allows everyone to find their perfect corner here.

• Old TownIts historical value and atmosphere attract lovers of architecture and history.
• Platesoffers modern amenities and comfort for living.
• LoadedConvenient transportation and vibrant city life make it attractive for businesspeople and young people.
• LappadIt is considered the best resort area of the city with a well-developed infrastructure.

Prospects for development

Additionally, the prospects for the reconstruction and development of the Gruž area open new horizons for investors. However, the high cost of real estate, especially in the Old Town, may pose a barrier for some buyers. But for those looking for investments with potential returns, Dubrovnik represents a gold mine: here one can both increase their capital and enjoy the comfort of living by the sea.

Result

Overall, Dubrovnik is not only a beautiful and cozy city but also a powerful economic hub ready to offer unique opportunities for those looking to invest their money for maximum benefit. Don't miss the chance to be a part of this amazing city and its unique culture that attracts people from all corners of the world.