Yes, the analysis of Split's property market is included in our pack
The question of 'the best neighborhood to buy a property in Split' does not have a one-size-fits-all answer.
Some of you are buying to live there, while others want to make the best investment possible. Individual preferences and circumstances matter.
That’s why the article below is covering every intent.
At Investropa, when we write a blog post or when we update our our property pack for Croatia, we want to bring solutions and cover different aims in a clear and organized way.
Enjoy the read, and please remember that we are not financial or investment experts. This article is for informational purposes only.
To improve the readability and user-friendliness of this article, we will categorize neighborhoods in Split into various groups, including budget-friendly options, emerging hotspots, and areas with high rental demand, among others. Consequently, some neighborhoods may appear in multiple categories and be mentioned several times throughout the article.
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How is the real estate market in Split?
The real estate market in Split, Croatia, is quite vibrant and appealing, especially to those who appreciate the unique blend of historical charm and modern amenities.
One of the city's standout features, which is rare elsewhere, is its remarkable blend of ancient and contemporary architecture. The Diocletian's Palace, a UNESCO World Heritage site, is nestled in the heart of the city, surrounded by modern buildings and amenities. This creates a living museum atmosphere that's hard to find anywhere else.
People are drawn to Split for various reasons, but the city's rich history, stunning Adriatic Sea views, and vibrant cultural scene are particularly appealing.
The climate is another major draw, offering mild, wet winters and hot, dry summers, ideal for those who enjoy a Mediterranean lifestyle. This unique combination of features makes Split not just a tourist destination but a coveted place to live.
The market attracts a diverse range of buyers. You'll find retirees looking for a picturesque place to relax, young professionals drawn to the city's growing economic opportunities, and real estate investors recognizing the potential for property value appreciation.
Additionally, Split has become increasingly popular among foreigners, particularly those from European countries, seeking holiday homes or investment properties in a city with a strong tourism industry.
Speaking of dynamism, the real estate market in Split is characterized by its rapid development and growing demand.
For instance, property prices in Split have been steadily increasing over the past few years, reflecting the city's growing popularity and the general trend in Croatia's coastal areas.
One unique and positive aspect of properties in Split is their historical value. Many apartments and houses in and around the city center are part of or adjacent to historical structures, offering residents a chance to live in a piece of history.
This is not just an aesthetic or cultural benefit but also adds to the property's value, as these types of homes are rare and sought-after.
Looking to the future, several factors indicate that property values in Split will continue to rise.
The city is increasingly seen as a desirable location for both living and vacationing, driving up demand.
Moreover, ongoing investments in infrastructure and the tourism sector, along with Croatia's growing prominence in the European Union, suggest a strong economic future, which typically translates into a robust real estate market.
Top neighborhoods in Split to consider for living
Areas in Split that are budget-friendly
If you're looking to buy property in Split on a budget, there are a few neighborhoods you might want to consider.
Here is a summary table. Below, we will give more details.
| Neighborhood | Average Price per Sqm | Property Types | Resident Demographic | Strengths | Weaknesses |
|---|---|---|---|---|---|
| Žnjan | €2,500 | Apartments | Families, Young Professionals | Beach Proximity, Peaceful | Far from City Center |
| Spinut | €2,200 | Apartments, Some New Developments | Students, Young Families | Community Feel, Near Parks | Poor Public Transport |
| Mejaši | €1,800 | Houses, New Apartments | Families, Retirees | Affordable, Tranquil | Distance from Center, Limited Transport |
Žnjan
Žnjan is known for being one of the more affordable areas in Split, primarily due to its distance from the city center.
This neighborhood offers a mix of older and newer apartment complexes, typically attracting families and young professionals. The average price per square meter in Žnjan hovers around €2,500.
It's expected that property values may rise due to ongoing developments and its proximity to the beach, making it a desirable location for both locals and tourists.
The main strengths of Žnjan are its peaceful environment and beautiful beaches, while the weaknesses include a lack of central amenities and slightly longer commute times to the city center.
Spinut
Spinut offers a budget-friendly option with its blend of older apartment buildings and some new developments.
It's popular among students and young families, given its proximity to the university and various schools. The average price per square meter in Spinut is approximately €2,200.
Property values in Spinut are expected to increase as the area continues to develop and attract more businesses and amenities. The strengths of this neighborhood include a strong sense of community and easy access to parks and recreational areas.
However, it's not as well-connected to public transportation as other parts of the city, which can be a drawback.
Mejaši
Mejaši is a growing suburb of Split, offering some of the most affordable properties, with prices averaging around €1,800 per square meter.
This area is primarily residential, featuring mostly houses and some newer apartment complexes. It's popular with families and retirees due to its quieter setting and community atmosphere.
Property values in Mejaši might increase as the suburb continues to develop and become more integrated with the rest of the city. The strengths of Mejaši include its tranquil environment and affordability.
However, its distance from the city center and limited public transportation options can be seen as weaknesses.
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Areas in Split that are popular and upscale
When looking to buy property in Split, three neighborhoods stand out as upscale and popular choices. These neighborhoods each have their unique character and draw different types of residents.
| Neighborhood | Average Price/sqm | Property Type | Resident Profile | Strengths | Weaknesses |
|---|---|---|---|---|---|
| Meje | High | Modern Villas | Affluent Individuals | Sea views, Peaceful | Limited new constructions |
| Bacvice | Medium-High | Apartments, Small Houses | Younger Crowds, Tourists | Beach access, Nightlife | Noisy, Smaller homes |
| Varos | High | Traditional Houses | Local Professionals, International Buyers | Cultural richness, Central location | Narrow streets, Limited parking |
Meje
Meje is one of the most upscale areas in Split, known for its exclusive and expensive properties.
In Meje, the average price per square meter is quite high, reflecting the luxurious nature of the residences, which are often large, modern villas with stunning views. It's a favorite among affluent individuals, including business executives and celebrities, which adds to its prestige.
The strengths of Meje include its proximity to the sea, breathtaking views, and peaceful environment, making it highly sought after.
However, the high property prices and limited availability of new constructions are its primary drawbacks. While Meje is already well-established, its desirability is expected to remain stable, keeping its status as a top-tier neighborhood.
Bacvice
Bacvice is another popular neighborhood, renowned for its beautiful beach and vibrant nightlife.
Properties in Bacvice are expensive, but the demand is consistently high due to the area's appeal, especially among younger, affluent crowds and tourists. The average price per square meter in Bacvice is slightly lower than in Meje, but still quite high.
The area mostly features apartments and smaller houses, catering to those who enjoy a lively atmosphere.
Its strengths include easy access to the beach, numerous cafes, and clubs, while the weaknesses are the noisy environment and lack of larger, family-sized homes. Bacvice is expected to remain a hotspot, particularly among those seeking a dynamic urban lifestyle.
Varos
Varos, a historic part of Split, offers a unique blend of traditional charm and modern living.
Properties in Varos are expensive due to the area's historical significance and central location. The average price per square meter in Varos is high, but the unique character of the properties, often traditional Dalmatian houses, justifies the cost.
Varos attracts a mix of residents, including local professionals and international buyers looking for authentic experiences. Its strengths lie in its cultural richness and central location, while the narrow streets and limited parking are notable weaknesses.
The neighborhood's popularity is expected to persist, especially among those who value cultural heritage and proximity to Split's historical core.
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Areas in Split that emerge as new hotspots
Let's explore these emerging neighborhoods in Split that, according to our local partners and our customers, are getting quite a bit of buzz lately.
| Neighborhood | Price Trend | Property Type | Resident Profile | Strengths | Weaknesses |
|---|---|---|---|---|---|
| Žnjan | Rising | Modern Apartments | Young Professionals, Families | New developments, Beach proximity | Far from center, Construction |
| Spinut | Rising | Varied Apartments | Students, Young Professionals | Vibrant community, Education proximity | Busy, Congested |
| Kman | Rising | New Housing Developments | First-time Buyers, Young Families | Affordable, New amenities | Industrial past, Undergoing transformation |
Žnjan
In the lesser-known but emerging areas, Žnjan stands out.
Initially a quieter residential area, it's now gaining popularity due to its new developments and more affordable property prices compared to central Split. The neighborhood has evolved with the addition of modern apartment complexes, attracting young professionals and families seeking good value for money.
Prices are cheaper in Žnjan because it's still up-and-coming, but they're expected to rise as the area develops further.
The main strengths of Žnjan are its newer properties and proximity to the beach, while the weaknesses include being further from the city center and ongoing construction. It's likely that Žnjan will continue to gain popularity, especially as more amenities are added.
Spinut
Spinut is another area on the rise, initially known for its student population due to the nearby university.
Recently, it has started to attract a broader demographic, including young professionals and investors, thanks to its evolving urban landscape and relatively lower property prices.
The area offers a mix of older and newer apartment buildings, and while prices are currently more affordable than in more central locations, they are expected to increase as the neighborhood becomes more developed.
Strengths of Spinut include its vibrant community and proximity to educational institutions, but it's also known for its busier, sometimes congested environment. The future looks promising for Spinut, with its growing appeal to a diverse population.
Kman
Lastly, Kman is emerging as a trendy choice for property buyers.
Traditionally a more industrial and less developed area, it's now transforming into a residential neighborhood with a growing number of modern housing developments. Property prices in Kman are lower than in the city center, attracting first-time buyers and young families looking for affordable options. The area's evolution includes improved infrastructure and amenities, making it more appealing.
However, it still lacks the charm and established community feel of older neighborhoods. Kman's main strengths are its affordability and new developments, while its industrial past and ongoing transformation are its weaknesses.
The neighborhood is expected to continue growing in popularity, especially as it sheds its industrial image and develops a stronger residential character.
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