Croatia Real Estate Market Report

In the fourth quarter of 2008 Croatia's gross domestic product (GDP) stood at HRK 82.753 bln, down 12.94% year-on-year. The country's financial intermediation, real estate, renting and business activities sector contributed 19.8% to the GDP, while the domestic construction sector accounted for 6.92% of the GDP. The country's real GDP growth in the fourth quarter of 2008 was 0.2% compared to the same period a year earlier, the lowest real growth since the first quarter of 2000. The household spendings dropped by 3.2% and the government costs climbed by 2.7% on the year. In the period between October and December 2008 Croatia's export declined by 2.5% and import were down by 7.1% year-on-year.

In 2007 GDP of the country amounted to HRK 275.078 bln, of which HRK 45.479 bln was generated by financial intermediation and real estate sector.

As of end-2008 employment in the real estate sector stood at 89,531 workers, which accounted for 7.31% of the employed population in the country.

According to data from the Central Bureau of Statistics of Croatia, the number of the registered companies, active in real estate activity stood at 5,955 in end-March 2009. The active companies numbered 4,893. Privately-owned real estate companies totaled 4,822, while the state-owned were 42. The real estate cooperatives were 3 in the first quarter of 2009.

Contents

CROATIA REAL ESTATE MARKET REPORT COVERS:

• Industry Overview
• History & Geography
• Major Developments
  - Regulation
  - Companies
• Leading Companies
  - Leading Real Estate Agencies
• Employment
• Supply
  - Residential real estate
  - Office real estate
  - Retail real estate
  - Industrial Real Estate
• Demand
  - Residential real estate
  - Office Real Estate
  - Retail Real Estate
  - Industrial Real Estate
• Investments
  - Company Investments
  - Residential Real Estate
  - Office Real Estate
  - Retail Real Estate
  - Industrial Real Estate
• Associated industries & factors
  - Construction
  - Tourism
  - Bank loans
  - Croatian Privatisation Fund
• Forecasts
• Industry references

LIST OF TABLES:

• GDP per Sectors at Current Prices
• Inward FDI flows by sectors
• FDI Forecasts
• Closed-end Real Estate Investment Funds
• Leading Real Estate Companies
• Number of Employees under Labour Contract
• Average Monthly Net Salary
• Issued Building Permits
• Sales of New Housing Units by Location
• Building Permits for Home Consrtuction
• Completed Homes
• Zagreb Office Market
• Selected Office Transactions in Zagreb
• Shopping Centre Stock by Location in Zagreb
• New Retail Supply 2009 - 2010
• Selected Shopping Malls in Zagreb 2006-2010
• Zagreb Industrial Pipeline in 2009
• Industrial Stock by Location in Zagreb end-2008
• Industrial Stock Delivered in 2007
• Planned Business Zones in Zagreb in 2008
• Occupied Industrial Stock by Location in 2007
• Average Prices of Residential Real Estate in Some Eastern European Cities as of H1 2008
• Average Price of Housing Units in Zagreb
• Average Price of New Housing Units in Croatia
• Sales of New Housing Units by Location
• Zagreb Office Rents
• Office Take-up by Sector
• Zagreb Office Rents
• Office Take-up by Sector
• Active Investors since 2003
• Major Office Completions and Pipeline 2008-2010
• Major Office Completions and Pipeline 2007-2009
• Major Retail Completions and Pipeline in Zagreb 2008-2011
• Major Retail Completions and Pipeline in Split 2008-2011
• Value of Construction Works
• Basic Indicators of the Tourism Sector
• Tourist Arrivals and Overnights
• Foreign Tourist Arrivals and Overnights in Croatia Skip to top