FIRST RELEASE

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

ISSN 1334-0565

 

YEAR: XLVI.

ZAGREB, 26 MARCH, 2010

NUMBER: 3.1.5/2.

 

 

OBLIGED TO NOTIFY DATA SOURCE

 

 

PRICES OF SOLD NEW DWELLINGS, SECOND HALF-YEAR OF 2009

 

 

In the second half-year of 2009, the average price per 1m2 of new dwellings sold by trade companies and other legal entities, excluding the Real Estate Agency1), was 11 538 kuna. This price was by 13.8% lower than in the second half-year of 2008.

 

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 2009 to 7 771 kuna.

 

In the same period, the total average price per 1m2 of all monitored dwellings (irrespective of the seller) was 11 391 kuna.

 

The calculation of the average price per 1m2 of dwellings sold in the second half-year of 2009 showed that dwellings sold by the Real Estate Agency participated with 3.9% in the total volume of monitored m2 sold and other sellers with 96.1%.

 

 

1.   PRICE INDICES OF NEW DWELLINGS SOLD, SECOND HALF-YEAR OF 2009

 

Indices

VII. – XII. 2009.
I. – VI. 2009.

VII. – XII. 2009.
VII. – XII. 2008.

I. – XII. 2009.
I. – XII. 2008.

 

 

 

 

Republic of Croatia

92,0

88,6

98,8

Zagreb

96,1

98,2

98,5

Other settlements

98,3

92,1

104,2

 

 

 

 

Dwellings sold by sellers:

 

 

 

 

 

 

 

Trade companies and other legal entities,
excluding Real Estate Agency

 

 

 

Republic of Croatia

91,0

86,2

90,9

Zagreb

93,3

95,0

98,4

Other settlements

98,5

90,2

90,5

 

 

 

 

Real Estate Agency

 

 

 

Republic of Croatia

110,6

118,6

109,9

Zagreb

101,3

109,1

107,7

Other settlements

111,3

119,4

115,2

 

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

 

2007.

2008.

2009.

I. – XII.

I. – VI.

VII. – XII.

I. – XII.

I. – VI.

VII. – XII.

I. – XII.

 

 

 

 

 

 

 

 

Republic of Croatia

11 252

11 304

12 850

12 095

12 382

11 391

11 944

Zagreb

12 308

14 860

13 987

14 315

14 295

13 741

14 100

Other settlements

9 803

8 942

10 891

9 703

10 198

10 028

10 110

 

 

 

 

 

 

 

 

Dwellings sold by sellers

 

 

 

 

 

 

 

Trade companies and other legal entities,
excluding Real Estate Agency

 

 

 

 

 

 

 

Republic of Croatia

12 422

13 427

13 379

13 399

12 684

11 538

12 174

Zagreb

14 039

14 987

14 630

14 770

14 892

13 898

14 529

Other settlements

10 409

11 335

11 231

11 278

10 286

10 133

10 208

Real Estate Agency

 

 

 

 

 

 

 

Republic of Croatia

6 506

6 664

6 550

6 640

7 028

7 771

7 299

Zagreb

6 542

6 609

6 485

6 497

6 986

7 074

6 999

Other settlements

6 432

6 665

6 669

6 665

7 155

7 964

7 678

 

 

3.   AVERAGE PRICES OF NEW  DWELLINGS SOLD AND PRICE STRUCTURE,  SECOND HALF-YEAR OF 2009 AND WHOLE 2009

 

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. 2009.

 

 

 

 

 

 

 

Republic of Croatia

1 283

78 251

11 391

1 940

7 116

2 335

Zagreb

502

28 722

13 741

2 969

7 391

3 381

Other settlements

781

49 529

10 028

1 342

6 957

1 729

 

 

 

 

 

 

 

Dwellings sold by sellers

 

 

 

 

 

 

Trade companies and other legal entities,
excluding Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

1 236

75 202

11 538

1 977

7 174

2 387

Zagreb

492

28 061

13 898

3 027

7 434

3 437

Other settlements

744

47 141

10 133

1 352

7 020

1 761

Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

47

3 049

7 771

1 019

5 680

1 072

Zagreb

10

661

7 074

509

5 547

1 018

Other settlements

37

2 388

7 964

1 161

5 716

1 087

 

 

 

I. – XII. 2009.

 

 

 

 

 

 

 

Republic of Croatia

2 861

177 279

11 944

1 928

7 453

2 563

Zagreb

1 368

81 509

14 100

2 731

7 887

3 482

Other settlements

1 493

95 770

10 110

1 244

7 085

1 781

 

 

 

 

 

 

 

Dwellings sold by sellers

 

 

 

 

 

 

Trade companies and other legal
entities, excluding Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

2 736

168 941

12 174

1 988

7 547

2 639

Zagreb

1 300

76 863

14 529

2 865

8 033

3 631

Other settlements

1 436

92 078

10 208

1 257

7 140

1 811

Real Estate Agency

 

 

 

 

 

 

Republic of Croatia

125

8 338

7 299

696

5 571

1 032

Zagreb

68

4 646

6 999

508

5 475

1 016

Other settlements

57

3 692

7 678

933

5 694

1 051

 

 

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

VAT

value added tax