FIRST RELEASE

CROATIAN BUREAU OF STATISTICS
10000 ZAGREB, ILICA 3, PHONE: +385 1 4806-111, P.O.B. 80, CROATIA

ISSN 1334-0565

 

YEAR: XLV.

ZAGREB, 14 OCTOBER, 2008

NUMBER: 3.1.5/1.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

 

 

PRICES OF SOLD NEW DWELLINGS, FIRST HALF-YEAR OF 2008

 

In the first half-year of 2008, the average price per 1m2 of new dwellings sold by trade companies and other legal entities, excluding the Real Estate Agency1), was 13 427 kuna. This price was by 5.2% higher than in the second half-year of 2007 and by 8.1% higher than the price per 1m2 in the whole of 2007.

 

The average price per 1m2 of dwellings sold by the Real Estate Agency (on the basis of the Programme of Subsidized Residential Construction) amounted in the first half-year of 2008 to 6 664 kuna.

 

In the same period, the total average price per 1m2 of all monitored dwellings (irrespective of the seller) was 11 304 kuna.

 

In the first half-year of 2008, the calculation of the average price per 1m2 of dwellings sold by the Real Estate Agency participated with 31.4% in the total volume of monitored m2 sold and other sellers with 68.6%.

 

 

1.   PRICE INDICES OF SOLD DWELLINGS, FIRST HALF-YEAR OF 2008

 

Indices

I. – VI. 2008.
VII. – XII. 2007.

I. – VI. 2008.
I. – VI. 2007.

I. – VI. 2008.
I. – XII. 2007.

 

 

 

 

Republic of Croatia

100,1

101,0

100,5

Zagreb

122,6

117,4

120,7

Other settlements

91,7

90,8

91,2

 

 

 

 

Dwellings sold by sellers:

 

 

 

 

 

 

 

Trade companies and other legal entities,
excluding Real Estate Agency

 

 

 

Republic of Croatia

105,2

111,9

108,1

Zagreb

105,7

108,6

106,7

Other settlements

108,6

109,2

108,9

 

 

 

 

Real Estate Agency

 

 

 

Republic of Croatia

102,4

102,5

102,4

Zagreb

100,9

101,5

101,0

Other settlements

104,3

102,8

103,6

 

 

1)    The Croatian Government Real Estate Agency (the Act on Subsidized Residential Construction, NN, No. 109/01)

 

2.   AVERAGE PRICES OF NEW DWELLINGS SOLD

 

2006.

2007.

2008.

I. – VI.

VII. – XII.

I. – XII.

I. – VI.

VII. – XII.

I. – XII.

I. – VI.

 

 

 

 

 

 

 

 

Republic of Croatia

8 896

8 978

8 939

11 191

11 296

11 252

11 304

Zagreb

8 606

9 727

9 159

12 652

12 125

12 308

14 860

Other settlements

9 339

8 156

8 658

9 846

9 756

9 803

8 942

 

 

 

 

 

 

 

 

Dwellings sold by sellers:

 

 

 

 

 

 

 

Trade companies and other legal entities, excluding Real Estate Agency

 

 

 

 

 

 

 

Republic of Croatia

10 629

10 920

10 782

12 003

12 760

12 422

13 427

Zagreb

12 119

12 614

12 406

13 802

14 184

14 039

14 987

Other settlements

9 693

9 344

9 525

10 384

10 437

10 409

11 335

Real Estate Agency

 

 

 

 

 

 

 

Republic of Croatia

6 517

6 442

6 477

6 498

6 509

6 506

6 664

Zagreb

6 551

6 582

6 564

6 513

6 550

6 542

6 609

Other settlements

6 192

6 250

6 240

6 483

6 387

6 432

6 665

 

 

3.   AVERAGE PRICES OF NEW DWELLINGS SOLD AND PRICE STRUCTURE, FIRST HALF-YEAR OF 2008

 

Dwellings sold

Average price per 1 m2,  kuna

 

Number

Useful floor area, m2

Total

Building
sites

Construction
and
constructor's
profit margins

Other
costs

 

 

 

 

 

 

 

Republic of Croatia

1 412

93 556

11 304

1 569

7 192

2 543

Zagreb

601

37 332

14 860

2 514

8 344

4 002

Other settlements

811

56 224

8 942

942

6 426

1 574

 

 

 

 

 

 

 

Dwellings sold by sellers:

 

 

 

 

 

 

Trade companies and other legal entities,
excluding Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

1 035

64 183

13 427

2 052

8 133

3 242

Zagreb

594

36 763

14 987

2 545

8 396

4 046

Other settlements

441

27 420

11 335

1 391

7 779

2 165

Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

377

29 373

6 664

515

5 134

1 015

Zagreb

7

569

6 609

513

4 893

1 203

Other settlements

370

28 804

6 665

516

5 138

1 011

 

 

NOTES ON METHODOLOGY

 

 

Sources and methods of data collection

 

This release presents data collected by a reporting method using the Quarterly Report on Prices of Sold New Dwellings (GRAĐ-41 form).

 

 

Coverage and comparability

 

The Quarterly Report is filled in by legal entities that are at the same time contractors of construction works, that is, who are engaged in the sale of dwellings, regardless of whether they carry out construction works with own facilities or through specialised companies. Excluded are those legal entities that solely intermediate in the sale of the existing dwelling stock, that is, "old dwellings".

 

Data are collected on the basis of contracts carried out in the reporting quarter. A contract is considered carried out if a buyer, in terms defined by a seller, paid, in whole or partly, the price of the dwelling.

 

Excluded are prices of new dwellings on which only rough construction works were conducted (the so called "Rohbau") as well as those of dwellings constructed/sold by a reporting unit, if it did not provide for a building site, that is, the building site was provided by an orderer.

 

When using data published in this Release it should be kept in mind that:

 

-    due to unavailability of up-to-date information on all legal entities engaged in selling the dwellings in a particular period, this     statistical survey covers a limited number of legal entities/trade companies. Their selection is based on their activity as recorded in the Register of Business Entities, number of persons in employment and/or net turnover (the total of approximately 1 000 potential reporting units). Therefore, data on the number and useful floor area of dwellings do not cover the volume of all sold new dwellings in a reporting period, but this figure is published only to help users to asses, according to their needs, the analytical value of data on average prices regarding the coverage of monitored units.

 

-  since 2004, the calculation of the total average price has included data on prices of new dwellings sold through the Real Estate     Agency. Therefore, average prices in 2003 and previous years are comparable only to the prices in 2004 and later years of dwellings sold by “trade companies and other legal entities”, not including the Real Estate Agency.

 

 

Definitions

 

The price of 1 m2 of a dwelling sold includes the following:

 

-  costs of building-sites (price of land and costs of displacing of residents or owners of the existing facilities if the land is not empty)

 

-  construction price (demolition of the existing facilities, cleaning of construction-site, excavation works, erection of building, erection     of roof covering and frames, installation and final works) as well as constructor’s profit margins.

 

 

-  other costs (fees on acquiring building permits, building design and drafting, land surveying activities, supervision of construction,     and different taxes and insurance).

 

 

Abbreviations

 

m2     square meter

 

 

Symbols

-  no occurrence