Biliškov Nekretnine

Lack of building land in attractive locations

By: Ivana Beljan, Crozilla

Although flats are still in demand far more than other real estate, Crozilla.com data showed that demand for land and houses rose the most at the last quarter of 2020, compared to the previous year.

This year was marked by a sign of changes caused by the corona virus, which “had its fingers” in a significant increase in demand for land and houses on Crozilla.com, since after the spring quarantine, each additional “square” became valuable, and own house, land for her the construction or cultivation of one’s own food began to be viewed through the prism of greater freedom in the form of a larger number of squares within which movement was allowed.

Although apartments are still in demand more than other real estate, Crozilla.com data showed that compared to previous year, the demand for land and houses increased the most. Namely, in comparison with other types of real estate on the Crozilla.com, the Construction land section in October, compared to the same month last year, recorded the largest jump in the number of visitors.

Land is of interest to both domestic and foreign buyers

The highest demand for construction land on the Crozilla.com continues in the city of Zagreb, followed by Pula, Poreč, Rijeka, Zadar and Samobor.

Quick and easy access, infrastructure and clean documentation are factors that can affect their prices, but they primarily depend on location. When it comes to areas on the Adriatic, the most prestigious locations are those near the sea, while the value is further raised by the sea view.

“The quality of life in a house or an apartment cannot be compared, and because of the corona, more and more people appreciate the comfort offered by living in their own house, especially because of the garden,” said Jasminka Biliškov, owner of Biliškov nekretnine for Crozilla.com. She believes that high apartment prices are main cause for rising demand for houses and land: “Due to rising apartment prices in Split, more and more young families decide to buy a house or land to build a house in vicinity.” – said Jasminka Biliskov and added how for the same money as for an apartment in Split city, the one can buy land and build a house of about a hundred square meters.

“On the outskirts of the city, the price of a square meter of land is around 250-300 euros, while in Split itself, in good locations, the prices range from 600 to even 1000 euros per square meter. The problem is that there are no building plots in the city itself, so they are sold as soon as they appear, so they usually don’t even reach the agencies or Crozilla. Only 50 kilometers from Split, in the Dalmatian inland, land is being sought for the construction of holiday homes, and the reason for this is their low price.”

The most attractive locations are mostly bought by investors

“Lately, we have been selling at least one plot of land a month in Zagreb, which was not such a common case before. People are increasingly turning to buying houses or building them, and the corona and earthquake have had a big impact on that. “- said Jasminka Biliškov.

In the last quarter of 2020, Crozilla.com advertised an average of 125 euros per square meter of construction land in Zagreb. Prices there range from 15 euros per square meter, but it should be taken into account that the cheapest are located on the outskirts of the city. The problem that occurs in Zagreb is the lack of building land in attractive locations, especially near the city center or in the tram zone, so such usually reach the highest prices.

Depending on the location, infrastructure, access and many other factors, their price in isolated cases can reach the amount of about 1000 euros per square meter, but it should be taken into account that at this price are mostly sold land in prestigious locations.

Jasminka Biliškov told that young families mostly buy plots of 500-600 square meters to build a family house. “We are noticing an increase in sales in locations such as Gornje Vrapče, Gornja Kustošija and Gajnice, while those in attractive locations close to the city center are expensive for ordinary citizens, so mostly investors buy there to build residential units.”

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