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Yes, the analysis of Split's property market is included in our pack
Thinking about buying a 3-bedroom apartment in the historic district of Diocletian's Palace in Split? It’s a fantastic area, but you're probably wondering: is now the right time to buy, or should you wait for prices to drop?
And what about long-term investment—should you look into other neighborhoods like Meje or Bačvice where property values might appreciate more over time?
In this article, we’ll answer these questions. We know this market quite well - and we have put all our knowledge in the Croatia Property Pack.
Will property prices increase in Split in 2025?
Yes, property prices in Split are expected to rise in 2025, driven by a combination of high demand and a limited supply of housing.
Backed by our fresh, in-depth market analysis, we’re confident that Split remains an attractive destination for both domestic and international investors.
While there are some economic challenges like inflation and rising interest rates, the main drivers behind Split’s price growth remain strong.
Demand, especially in the prime coastal areas, continues to outstrip supply, making any major price dips unlikely. Additionally, Split's appeal as a tourist and cultural hub keeps drawing in buyers from around the world.
Signals pointing to a property price increase in Split
Here are some factors suggesting prices could increase:
The limited availability of land for new developments in Split, particularly in desirable coastal areas, is expected to keep supply tight, driving up property prices as demand remains steady.
Split's growing reputation as a digital nomad hotspot is attracting more remote workers, increasing demand for rental properties and potentially boosting property values.
The Croatian government's continued investment in infrastructure, including transportation and public amenities, is likely to enhance the attractiveness of Split, leading to increased property demand and higher prices.
Tourism in Split is expected to continue its upward trend, with more visitors translating into higher demand for short-term rental properties, which can drive up property prices.
The trend of foreign buyers investing in Croatian real estate, particularly from EU countries, is expected to persist, adding upward pressure on property prices in Split.
The stabilization of interest rates in Croatia is anticipated to make financing more accessible, encouraging more buyers to enter the market and potentially driving up property prices.
Split's cultural and historical significance, combined with its Mediterranean climate, continues to make it a desirable location for both local and international buyers, supporting property price growth.
Signals pointing to a property price decrease in Split
Here are some factors suggesting prices could fall:
Economic uncertainties, including potential inflationary pressures, could impact consumer purchasing power, leading to reduced demand for properties in Split.
Rising construction costs could deter new developments, potentially limiting the supply of new properties and affecting market dynamics.
If interest rates rise more than expected, it could make financing less affordable, reducing the number of potential buyers and putting downward pressure on property prices.
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If property prices go up in Split, how much would they increase by?
If real estate prices in Split were to rise in 2025, the increase would likely be around 3% to 7% of their 2024 values.
Typically, real estate in emerging markets like Split appreciates by approximately 3% to 7% annually over the long term. However, fluctuations can occur depending on factors such as location, tourism trends, and property type.
It means that, if you spot a charming 2-bedroom apartment in the Old Town for 200,000 euros today, don't be surprised if it's priced between 206,000 and 214,000 euros this time next year.
To give you a better understanding, here is a table that shows 7 types of Split real estate properties, their estimated prices in 2024, and projections for 2025 based on potential price increases of 3%, 5%, and 7%.
| Type of Property | Average Price in 2024 (€) | Price in 2025 (3% increase) | Price in 2025 (5% increase) | Price in 2025 (7% increase) |
|---|---|---|---|---|
| Dalmatian Stone House (60 sqm / 646 sqft) | €300,000 | €309,000 | €315,000 | €321,000 |
| Modern Apartment (75 sqm / 807 sqft) | €400,000 | €412,000 | €420,000 | €428,000 |
| Luxury Villa (100 sqm / 1,076 sqft) | €1,000,000 | €1,030,000 | €1,050,000 | €1,070,000 |
| Studio (30 sqm / 323 sqft) | €150,000 | €154,500 | €157,500 | €160,500 |
| Loft (80 sqm / 861 sqft) | €500,000 | €515,000 | €525,000 | €535,000 |
| Townhouse (150 sqm / 1,615 sqft) | €750,000 | €772,500 | €787,500 | €802,500 |
| Investment Property (50 sqm / 538 sqft) | €250,000 | €257,500 | €262,500 | €267,500 |
Everything you need to know is included in our Property Pack for Split
If real estate prices go up in Split, which areas are likely to see the biggest increases?
Today, people who want to move to Split are looking for a blend of historical charm and modern amenities, which Diocletian's Palace area offers. Hence, we could see a price increase there in 2025.
Additionally, there's been a growing interest in vibrant, youthful neighborhoods, and Bačvice has really taken off.
We like it when information is clear and easy to digest. So, here’s a table that highlights the areas where prices might rise the most, along with the reasons behind those expected increases. It’s very high-level. If you want more details on a specific area, please check our real estate pack tailored to the Split market.
| Neighborhood | Level of Increase | Why |
|---|---|---|
| Diocletian's Palace | High | Recent restoration projects and its increasing appeal to international tourists and investors, driving demand. |
| Bačvice | High | Expected rise due to its popular beach, vibrant nightlife, and growing demand for properties near the coast. |
| Meje | Medium-High | Ongoing gentrification and proximity to Marjan Hill, along with several planned redevelopment projects in the area, are likely to push prices higher. |
| Žnjan | Medium | The development of new residential complexes and its appeal to families seeking more space and modern amenities. |
| Veli Varoš | Medium-High | Charming historic architecture and recent investments in local infrastructure are increasing its attractiveness for both locals and tourists. |
| Spinut | Medium | Investment in local infrastructure, such as new public transport links and renovation of historic areas, is boosting long-term value. |
| Firule | Medium-High | With new cultural and commercial spaces being developed, this trendy neighborhood is seeing increased demand from both residents and investors. |
| Trstenik | High | Upcoming large-scale urban regeneration projects and improved public transport access are expected to make this area more desirable. |
| Kman | Medium-High | Its proximity to the city center, along with new residential developments, makes it increasingly attractive to professionals seeking more space. |
| Gripe | Medium | Gentrification and cultural regeneration projects are attracting new residents, leading to rising prices as the area becomes more fashionable. |
| Marjan | High | As new luxury developments are launched, demand for premium housing among wealthy buyers is expected to further increase property values. |
| Poljud | High | Upcoming restoration of historic sites and high-profile cultural projects are driving a renewed focus on this central, historic location. |
-The best areas to buy a property in Split
If I'm looking to invest in real estate, what types of properties should I focus on for the best value appreciation in Split?
In 2025, Split real estate trends focus on tech-smart, energy-efficient apartments, coastal homes with sea views, properties with outdoor spaces, and eco-friendly buildings—all driving higher demand and prices. Here is a summary.
- Tech-Equipped and Energy-Efficient Apartments:
Driven by remote work and sustainability trends, these homes offer smart technology features and energy-saving systems. They cater to young professionals and tech workers, making them a hot commodity in 2025.
- Coastal Homes with Sea Views:
With Split's stunning Adriatic coastline, properties offering sea views are in high demand. These homes appeal to both locals and international buyers looking for vacation homes, driving up their value.
- Properties with Outdoor Spaces:
Post-pandemic, outdoor spaces like terraces, balconies, or gardens have become highly desirable. In a city like Split, these features offer a much-needed escape and are likely to drive up property values.
- Eco-Friendly Buildings with Low Carbon Footprints:
Split's commitment to sustainability is boosting demand for eco-certified buildings. Buyers are increasingly valuing properties that align with the city’s green goals, leading to price appreciation in this category.
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