IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Determinants of Regional Housing Market in Croatia

Listed author(s):
  • Valerija Botriæ


  • ÂŽeljka Kordej de Villa


This paper investigates regional differences in the housing market in Croatia. Housing market in Croatia is still relatively undeveloped, but highly regionally dispersed. Regions characterized by excessive demand on the housing and real estate markets are concentrated in the capital city and recently in the tourist areas. Regions characterized by the excessive supply are those in the economically depressed areas. At the same time, Croatian labour market lacks significant geographical mobility, which contributes to the differences on the housing market as well. Croatian housing market had to experience the phase of price liberalization, as well as other markets in the transition process. This specific liberalization, though, was not considered as a priority during the process. Price developments and turnover dynamics are still bounded by underdeveloped and not updated cadastre, purchasing power of the Croatian residents, newly discovered and soon surpassed credit liabilities, and at this moment still limited possibilities of non-residents real estate purchases. Within the prospect of becoming an EU member, Croatian housing market is expected to gone through significant changes. The main purpose of our paper is to quantitatively assess the situation prior to the EU accession. We apply principles of hedonic price methods in order to estimate the determinants of housing prices, taking account of regional differences. Our database consists of the detailed spatial data. Since the database is relatively new, the time dimension of housing market developments is not assessed in this paper.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa05p289.

in new window

Date of creation: Aug 2005
Handle: RePEc:wiw:wiwrsa:ersa05p289
Contact details of provider: Postal:
Welthandelsplatz 1, 1020 Vienna, Austria

Web page:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. Dubravko Mihaljek, 2005. "Free movement of capital, the real estate market and tourism: a blessing or a curse for Croatia on its way to the European Union?," Chapters in books,in: Katarina Ott (ed.), Croatian Accession to the European Union: Facing the Challenges of Negotiations, volume 3, chapter 8, pages 185-228 Institute of Public Finance.
  2. Mladen Mirko Tepuš, 2005. "An Analysis of Housing Finance Models in the Republic of Croatia," Surveys 12, The Croatian National Bank, Croatia.
  3. Robert C. Feenstra & Matthew D. Shapiro, 2003. "Scanner Data and Price Indexes," NBER Books, National Bureau of Economic Research, Inc, number feen03-1.
  4. Jasenka Kranjcevic, 2005. "Accession to the European Union and physical (spatial) planning in Croatia," Chapters in books,in: Katarina Ott (ed.), Croatian Accession to the European Union: Facing the Challenges of Negotiations, volume 3, chapter 9, pages 229-247 Institute of Public Finance.
  5. W. Erwin Diewert, 2003. "Hedonic Regressions. A Consumer Theory Approach," NBER Chapters,in: Scanner Data and Price Indexes, pages 317-348 National Bureau of Economic Research, Inc.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa05p289. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.