House price growth 2 Q 2024 in Bulgaria, Croatia, Slovakia and Spain

In recent years, we have witnessed interesting changes in the real estate market in the European Union countries. The year 2024 is no exception and some countries are experiencing a surge in property prices, while others are facing a decline. In this article, we take a closer look at 2Q and price growth in Bulgaria, Croatia, Slovakia and Spain, where real estate continues to attract both domestic and foreign investors.

Bulgaria: Rapid growth amid attractive prices

Bulgaria is one of the countries where property prices are rising fastest. In the second quarter of 2024, annual price growth stood at 15.1%, the second highest in the European Union. Bulgaria remains attractive to foreign buyers due to its low property prices compared to other countries, as well as its access to the Black Sea and popular resorts such as Sunny Beach, Albena and Golden Sands. Strong demand for holiday properties and investment in cities such as Varna and Sofia is also supporting price growth in 2024. Bulgaria became a full member of the Schengen area on 1 January 2025 and the early adoption of the euro currency is also helping confidence for a stable property market.

Croatia: Investing by the Adriatic

Croatia is another country experiencing double-digit growth in property prices. Year-on-year, prices have increased by 10%, indicating strong demand for property by the Adriatic Sea. Areas such as Split, Dubrovnik and Zadar remain extremely popular among foreign buyers, especially for their tourist opportunities and quality infrastructure. Croatia’s membership of the Eurozone and the stable economic situation are key factors behind the price growth, boosting investor confidence.

Slovakia: Steady growth after previous decline

In Slovakia, house prices increased by 4% year-on-year in the second quarter, after falling by 3% in the first quarter. This growth indicates a stabilisation of the market after a period of lower demand and falling prices. Bratislava and its surroundings remain the most sought-after locations, where demand is supported by foreign investors and young families. In addition, the addition of new residential projects in Košice and other larger cities increases the attractiveness of the market.

Spain: Popular destination for foreign investment

Spain recorded a quarter-on-quarter property price growth of 3.6% in the second quarter of 2024. Areas such as the Costa del Sol, Barcelona and Madrid continue to attract foreign buyers, particularly from the UK and Scandinavia. Favourable weather conditions, good infrastructure and long-term low interest rates are supporting price growth. Interest is particularly concentrated on seaside properties and holiday apartments, which are often also available to buyers as rental investments.

Market trends and what to expect

While some countries, such as France, Germany or Luxembourg, have seen a decline in property prices, countries such as Bulgaria, Croatia, Slovakia and Spain show that demand for property continues to grow. This trend is supported by economic growth, foreign investment and market stability.

For investors, these are attractive locations that offer either a high return on investment or a quality environment for recreational and long-term living.

Source: https://ec.europa.eu/eurostat/web/products-eurostat-news/w/ddn-20241003-2?utm_source=chatgpt.com

https://ec.europa.eu/eurostat/web/interactive-publications/housing-2024?utm_source=chatgpt.com

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Hereby I would like to thank and recommend Mr. Dvorak and his lady to everyone who wants to buy a property abroad,for the absolutely professional mediation of the purchase of the apartment in Bulgaria,everything according to my wishes and most importantly everything is as Mr. Dvorak says,one does not have to worry about anything at all,once again thank you very much😀🙏🏝️🏖️👍

Renata Jukovič — 5 months ago

I am delighted to be able to write this review on our smooth purchase of an apartment in Bulgaria with the real estate company Relax Properties s.r.o. The sale went smoothly and was accompanied by good and transparent communication. From the beginning to the end of the sales process the real estate company provided us with great service. Their team was always very helpful and friendly, both in personal meetings and in electronic communication. The communication was kept up to date and no information was withheld from us, giving us confidence and trust in the whole process. The sale of the apartment was handled with precision and professionalism. All necessary documents were submitted on time and without unnecessary delays. The transparency and detailed explanations made the sales process very clear to us and we were not subjected to any confusion. The real estate team was well informed about the legal aspects involved in the sale of the property and was able to answer all our questions. Their expertise and ability to explain all the details to us in our language was a great asset to the whole process. Overall, we are very happy with our purchase of an apartment with this real estate company. The sale went off without a hitch and the team was always available to provide information. We recommend this real estate company for their quality service, professionalism and transparency when selling property abroad.

Roman Vimr — a month ago

Great cooperation, everything went smoothly and without problems. There was no need to go anywhere and spend hours at the offices, everything was done electronically. I can highly recommend this company, congratulations and thank you for your cooperation.

Michal Richter — 4 months ago

I would like to thank you very much for your helpfulness, friendliness, excellent communication and I can only recommend Relax Properties s.r.o, especially Mr. Dvorak, with whom I communicated especially when buying an apartment in Bulgaria. Everything we agreed on was fulfilled, he was always very helpful, the response to questions was almost immediate. If you are hesitant about buying an apartment, I definitely highly recommend this company.

Andrea Sebestova — 8 months ago

In September 22 I decided to buy an apartment in Bulgaria by the sea. Even after buying the apartment, Mr. Dvorak was willing to help me with other "details".

Michal Michal — a year ago

I definitely recommend the real estate agency. Very professional work and friendliness of Mr. Ales Dvorak is a guarantee of satisfaction in the implementation of the purchase of real estate. All steps and information are given clearly and understandably. In short, "GREAT".

Monika Jarošová — a year ago

Maximum satisfaction, advice even after buying a property abroad

Marek Lautier — 3 months ago

I very much appreciate the work of Mr. Ales Dvorak, who has been with us from the first idea of buying an apartment in Bulgaria. He listened carefully to our requirements, what we wanted from the property and chose the offers suitable for us. He answered all the questions we had, a personal and helpful approach of a man who does his job well and likes to do it. Thank you and we are respectfully Mirka Barvínková and Jan Bednář

Mirka Barvínková — 2 years ago