The latest data from the Croatian Bureau of Statistics (CBS) for the first half of 2026 confirm that prices for new residential properties continue to hit record highs. A particularly sharp surge was recorded in the capital, where demand for new apartments continues to outstrip supply, making Zagreb the primary hotspot for price growth.
According to official CBS data, the average price per square meter of a new apartment in Croatia stood at €2,994 in the first half of 2026. This represents an average increase of 8.7 percent compared to the same period the previous year. However, the figures are even more dramatic when focusing specifically on Zagreb. The average price per square meter of new construction in Zagreb reached a staggering €3,421—a jump of nearly 19 percent (specifically 18.9%) in just one year.
Analysts point out that the main drivers of this strong growth are high construction costs, a labor shortage in the construction sector, and a chronic lack of attractive building land in prime locations. Meanwhile, despite rising interest rates and signs of a slowdown in the total number of market transactions, high-quality new developments in the capital continue to find buyers with ease. A significant number of purchases are still made using personal funds—specifically cash—with new apartments often serving as a secure investment and a hedge against inflation.
This rapid rise in new-build prices inevitably spills over into the market for existing (resale) apartments as well. Owners of older properties often adjust their asking prices in line with trends in new developments, creating a challenging environment for buyers seeking affordable housing. In such dynamic conditions, determining the true value of one's apartment has become more complex than ever. If you are considering selling or are simply curious about the current value of your property, Resident Nekretnine offers a free property valuation accompanied by expert guidance and a detailed analysis of current market conditions.
Although some experts predict a stabilization or gradual slowdown in growth rates in the near future, data clearly shows that new construction in Zagreb remains one of the most sought-after and expensive commodities. For anyone planning an investment or looking to secure a home, it is crucial to closely monitor market trends and consult with experts in order to make timely and well-considered decisions.