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, 26 MARCH, 2009

NUMBER: 3.1.5/2.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

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

 

In the second 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 13 379 kuna. This price was by 4.8% higher than in the second half-year 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 second half-year of 2008 to 6 550 kuna.

 

In the same period, the total average price per 1m2 of all monitored dwellings (irrespective of the seller) was 12 850  kuna.

 

In the second half-year of 2008, the calculation of the average price per 1m2 of dwellings sold by the Real Estate Agency participated with 7.7% in the total volume of monitored m2 sold and other sellers with 92.3%.

 

 

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

 

Indices

VII. – XII. 2008.
I. – VI. 2008.

VII. – XII. 2008.
VII. – XII. 2007.

I. – XII. 2008.
I. – XII. 2007.

 

 

 

 

Republic of Croatia

113,7

113,8

107,5

Zagreb

94,1

115,4

116,3

Other settlements

121,8

111,6

99,0

 

 

 

 

Dwellings sold by sellers:

 

 

 

 

 

 

 

Trade companies and other legal entities,
excluding Real Estate Agency

 

 

 

Republic of Croatia

99,6

104,8

107,9

Zagreb

97,6

103,1

105,2

Other settlements

99,1

107,6

108,3

 

 

 

 

Real Estate Agency

 

 

 

Republic of Croatia

98,3

100,6

102,1

Zagreb

98,1

99,0

99,3

Other settlements

100,1

104,4

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, PER 1m2

Kuna

 

2006.

2007.

2008.

I. – XII.

I. – VI.

VII. – XII.

I. – XII.

I. – VI.

VII. – XII.

I. – XII.

 

 

 

 

 

 

 

 

Republic of Croatia

8 939

11 191

11 296

11 252

11 304

12 850

12 095

Zagreb

9 159

12 652

12 125

12 308

14 860

13 987

14 315

Other settlements

8 658

9 846

9 756

9 803

8 942

10 891

9 703

 

 

 

 

 

 

 

 

Dwellings sold by sellers

 

 

 

 

 

 

 

Trade companies and other legal entities, excluding Real Estate Agency

 

 

 

 

 

 

 

Republic of Croatia

10 782

12 003

12 760

12 422

13 427

13 379

13 399

Zagreb

12 406

13 802

14 184

14 039

14 987

14 630

14 770

Other settlements

9 525

10 384

10 437

10 409

11 335

11 231

11 278

Real Estate Agency

 

 

 

 

 

 

 

Republic of Croatia

6 477

6 498

6 509

6 506

6 664

6 550

6 640

Zagreb

6 564

6 513

6 550

6 542

6 609

6 485

6 497

Other settlements

6 240

6 483

6 387

6 432

6 665

6 669

6 665

 

 

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

 

Dwellings sold

Average price per 1 m2,  kuna

 

Number

Useful floor area, m2

Total

Building
sites

Construction costs
and constructor's
profit margins

Other costs

 

 

 

VII. – XII. 2008.

 

 

 

 

 

 

 

Republic of Croatia

1 613

98 090

12 850

1 874

8 157

2 819

Zagreb

1 011

62 081

13 987

2 163

8 598

3 226

Other settlements

602

36 009

10 891

1 374

7 398

2 119

 

 

 

 

 

 

 

Dwellings sold by sellers

 

 

 

 

 

 

Trade companies and other legal entities, excluding Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

1 508

90 502

13 379

1 988

8 420

2 971

Zagreb

941

57 179

14 630

2 305

8 909

3 416

Other settlements

567

33 323

11 231

1 444

7 579

2 208

Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

105

7 588

6 550

507

5 033

1 010

Zagreb

70

4 902

6 485

504

4 972

1 009

Other settlements

35

2 686

6 669

514

5 143

1 012

 

 

 

I. – XII. 2008.

 

 

 

 

 

 

 

Republic of Croatia

3 025

191 646

12 095

1 725

7 686

2 684

Zagreb

1 612

99 413

14 315

2 295

8 503

3 517

Other settlements

1 413

92 233

9 703

1 111

6 805

1 787

 

 

 

 

 

 

 

Dwellings sold by sellers

 

 

 

 

 

 

Trade companies and other legal
entities, excluding Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

2 543

154 685

13 399

2 015

8 300

3 084

Zagreb

1 535

93 942

14 770

2 399

8 709

3 662

Other settlements

1 008

60 743

11 278

1 420

7 669

2 189

Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

482

36 961

6 640

514

5 112

1 014

Zagreb

77

5 471

6 497

504

4 964

1 029

Other settlements

405

31 490

6 665

515

5 139

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

NN     Narodne novine, official gazette of the Republic of Croatia

 

Symbols

 

-  no occurrence