Do foreigners or locals buy real estate in Dubrovnik?

The real estate market ended last year in stagnation. According to data from the Tax Administration, more than 30,500 apartments were sold in Croatia in 2022.

Last year’s figures are somewhat different. A little more than 28,500 of them were sold then, which represents a drop in turnover of almost seven percent. It is also interesting that there has been a decline in foreign buyers in Croatia, but real estate prices are still not falling. We checked the situation in Dubrovnik, and whether there are more interested foreign or domestic real estate buyers.

Although there has been a decline in interested foreign buyers in Croatia, the situation is not the same in Dubrovnik. This was confirmed by the owner of the real estate agency, Goran Pikunić. The most common countries from which interested foreign buyers come are the USA, Switzerland, Austria, Germany. What they most often pay attention to when they want to buy real estate is the proximity to the old city center. Domestic customers prefer Lapad.

And the key factor in everything is the price, which turns off many interested parties in the end. For now, it seems, prices will not fall.

Source: Liberoportal