Real Estate Prices In Croatia Are Falling, Dubrovnik Is Still The Most Expensive Place

If you're enthusiastic about buying a studio or a house, you should know that, though slightly, real estate prices in Croatia are dropping. As Centarnekretnina.net writes, in Zagreb, property prices matched against last month dropped by 0.6 %, and on the annual level, prices softened by 5 p.c.

Residences are the costliest on Medvescak, where a square meter costs 2406 euros and the cheapest are in Sesvete, where the median price is 1259 EU Bucks per square meter.House costs in Zagreb reduced by 8.7 p.c compared to the year before.

But property prices on Adriatic almost did not change in May, compared to April. Prices even increased by 0.2 p.c, and compared with the year before are cheaper by 4.6 percent. The median price of vacation homes and apartments on the sea is 1976 Euro dollars per square mete, 0.4 percent more than in the previous month.

In Dubrovnik-Neretva County, vacation houses and apartments are the most expensive. The median price is 2186 Euro dollars per square meter. Lika-Senj county is the cheapest, where the average needed price is 1656 Euro dollars per square meter.

The average needed price of flat by the sea is a little lower compared with the month before and is 1769 EU Bucks per square mete, which is 12.9 p.c lower than last year. Flats on the sea are still the most expensive in Dubrovnik-Neretva County, where the medium price is 2700e uros per square meter. Studios are the cheapest in the Sibenik-Knin County, where the mandatory price is 1393 euros per square meter, as writes tagza.com.

Dubrovnik is a Croatian city on the Adriatic Sea coast positioned at the terminal end of the Isthmus of Dubrovnik. It is one of the most distinguished holiday maker destinations on the Adriatic, a seaport and the center of Dubrovnik-Neretva county. Its population was 43,770 in 2001, down from 49,728 in 1991. In 1979, the town of Dubrovnik joined the UNESCO list of International heritage sites.

The wealth of the city of Dubrovnik has traditionally been primarily based on maritime trade. In the Middle Ages, as the Republic of Ragusa, also known as a Maritime Republic (along with Amalfi, Pisa, Genoa, Venice and other Italian cities), it became the only eastern Adriatic city-state to rival Venice. Supported by its wealth and skilled diplomacy, the town achieved a remarkable level of development, especially in the fifteenth and 16th centuries. Although demilitarised in the 1970s with the desire of forever defending it from war devastation, in 1991, after the breakup of Yugoslavia, it was encircled by Serb-Montenegrin forces for 7 months and seriously damaged by shelling.

Historic lore implies that Ragusa (Dubrovnik) was founded in the 7th century on a rocky island named Laus, which provided shelter for Dalmatian refugees from the nearby town of Epidaurus. The romance-dalmatian founders were escaping from the Slavic invasions.

Another speculation appeared lately, based primarily on new archaeological excavations. New discoveries (a Byzantine basilica from 8th century and parts of the city walls) gainsay the normal concept. The dimensions of the old basilica obviously indicates that there had been quite a giant settlement at the time. There is also augmenting support in the systematic community for the theory that major development of Ragusa happened before the present era. This "Greek speculation" has been turbo-charged by contemporary findings of numerous Greek artifacts during excavations in the Port of Dubrovnik. Also, drilling below the main city road has disclosed natural sand, contradicting the theory of Laus ( Lausa ) island.

Doctor. Antun Nieti, in his book "Povijest dubrovake luke" (History of the Port of Dubrovnik), expounds the concept that Dubrovnik was established by Greek sailors. A key part in this speculation is the fact that ships in ancient times travelled about 45-50 nautical miles each day, and needed a sandy shore to tug out of water for the rest period in the night. The ideal rest site would have a water source in its vicinity. Dubrovnik has both, and is situated just about halfway between the 2 known Greek settlements of Budva and Korula (95 NM is the space between them).

After the fall of the Ostrogothic Kingdom, the town came under the protection of the Byzantine Empire, even though it was fundamentally an independent city-state that actively interacted with the surrounding Serbian littoral and the Italian peninsula. Ragusa in those medioeval centuries had a population of Latinized Illyrians, who spoke their own Dalmatian language and was an island.

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