HVAR ESTATES CROATIA, Real Estate Specialists for the Island of Hvar
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Oppenheim: Flats more expensive next year
ZAGREB – “Prices of flats will not fall”, head of Ingra, Croatia's leading construction company, Igor Oppenheim believes. On the contrary, he expects further increase in real estate prices due to expensive land and numerous fees charged. Tighter crediting conditions could cause delays in construction, he added, along with significant decrease in supply on real estate market. The percentage land prices have in the total costs reached 30%. However, building land is expected to become cheaper next year which might be an upside for construction companies which already feel consequences of the global downturn.
Other news:
Croatian real estate market turns down, 11.01.2009
Foreigners filed 10,949 requests, 53% approved, 11.01.2009
Oppenheim: Flats more expensive next year, 11.01.2009
10 percent more tourists in vacation homes, 18.11.2008
UK wants Croatia in EU, 18.11.2008
Banks earned HRK 3.97 billion, 18.11.2008
15.9 percent more building permits in September, 18.11.2008
Croatia on its way to EU accession, 06.11.2008
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