The difference between the requested and realized price in Croatia is about 15 %

On the domestic real estate market, there has always been a significant difference between the asking prices in classified ads and the achieved market prices. This is the result of the lack of public data on the market prices of real estate in a certain area, but also the excessive appetite of some owners who often advertise real estate on the principle of 'if it goes, it goes'.

How unrealistic the offer on the market is, is also shown by the fact that only every sixth property is sold within a year of advertising. All other advertised properties do not find a buyer, mostly due to the owner's expectations being too high.

According to data from the Real Estate Association of the Croatian Chamber of Commerce, the average difference between the requested and realized price in Croatia is about 15 percent. This means that, for example, a property that is advertised for 115,000 euros ends up with a price of 100,000 euros.

"When the owner of the property cannot get what he expects on the market, it takes about six months for him to realize that if he wants to sell the property, he has to lower the price," emphasized the president of the Real Estate Business Association HGK Dubravko Ranilović on Friday at a conference on the rise in real estate prices .

He also expressed dissatisfaction with the work of some real estate agencies, some of which, instead of bringing the requested prices within realistic limits, even encourage sellers to raise them, reports Tportal.

Tržište nekretnine, 18. Nov. 2023.