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It seems that we are already witnessing a real estate crash: the fall in sales is brutal, only more wealthy people are buying apartments
Croatia📈 Economy4 hr. ago

It seems that we are already witnessing a real estate crash: the fall in sales is brutal, only more wealthy people are buying apartments

The article discusses the declining market activity in Croatia's real estate sector, noting a significant drop in the number of residential property transactions and total transaction value in the first quarter of this year compared to the same period last year. While property prices rose by around 14.3%, the overall volume of transactions fell sharply, with fewer homes sold and less money exchanged. The National Statistical Office reported a 42.2% decrease in the number of apartments sold and a 34.5% decline in transaction value. This trend suggests a cooling market, possibly driven by stricter mortgage conditions, slower wage growth, and reduced demand for new housing developments, where sales volumes dropped by half compared to the previous year.

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1 reports

Telegram.hr logoTelegram.hrIndependentCenter4 hr. ago
It seems that we are already witnessing a real estate crash: the fall in sales is brutal, only more wealthy people are buying apartments

The article discusses the declining market activity in Croatia's real estate sector, noting a significant drop in the number of residential property transactions and total transaction value in the first quarter of this year compared to the same period last year. While property prices rose by around 14.3%, the overall volume of transactions fell sharply, with fewer homes sold and less money exchanged. The National Statistical Office reported a 42.2% decrease in the number of apartments sold and a 34.5% decline in transaction value. This trend suggests a cooling market, possibly driven by stricter mortgage conditions, slower wage growth, and reduced demand for new housing developments, where sales volumes dropped by half compared to the previous year.

Bias read (Center): The article presents factual data and economic indicators without overtly favoring any particular political ideology. It reports on market trends, government policies, and statistical findings without taking a clear ideological stance. The framing remains neutral, focusing on objective economic data

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