'The 200,000 empty apartments in our neighborhood are 1 major reason for the lack of buyers.'

200 000 пустых квартир в нашем районе - 1 основная причина отсутствия покупателей.

The development of real estate in Croatia is slowing down, also because owners of second-hand apartments have unrealistically high expectations and the state housing policy (although there are 200,000 empty apartments in the country) is still incomplete due to a lack of data from the census, according to the Real Estate Forum at the Chamber of Commerce and Industry.

The president of the Real Estate Association, Dubravko Ranilovic, says there are changes in trends.

- A slowdown means a decrease in the number of transactions. For comparison, in the first half of this year compared to the same period a year ago, the decrease in turnover is nine percent - said Ranilovic, adding that the decline is not the same in all zupanija. He also''emphasized that real estate prices continue to rise, but at a slower rate than before. Ranilovic believes that one should pay attention to realized rather than demanded prices, and the difference between the two is 15 percent on average. Ranilovic also believes that the increase in interest rates in EU countries has also affected the Croatian market, saying that the market is polarized, but buyer interest in new buildings is still high. He also said that foreigners' interest in buying real estate in Croatia has decreased.

Josip Zaher, advisor to the president of the Chamber of Commerce and Industry on trade, said there has been a lot of construction in Croatia in the last two to three years - both infrastructure and residential projects.

In addition, in''At the end of last year, due to the impact of replacing the kuna with the euro, there was a surplus of kuna, with which many people tried to invest in real estate.

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- Today there is a completely different situation, banks under pressure from central banks, both Croatian and EU, have started to raise interest rates, so there is a decline in interest, because real estate is no longer as profitable as investment capital - emphasized Zaher. Nevertheless, he said, due to the lack of good new properties in Zagreb and on Jadrona - some properties are still quite expensive. There are about 200,000 empty apartments in Croatia at the moment. "Something should be done about it," Uchlir believes. He explained that the utilization of these properties can be done in an incentive way, as they do''Austrians by offering favorable loans to those who want to furnish their stalwart properties and put them on the market, while exempting them from some taxes and in a repressive way through the property tax. He also said the government's housing policy cannot be finalized because his ministry and all its institutions have yet to receive all the processing results of the 2021 census.