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PREGLED TRŽIŠTA NEKRETNINA H2 2017
Nastavak pozitivnih kretanja u gospodarstvu povoljno utječe i na tržište nekretnina. Kontinuirani rast BDP-a, rast robnog izvoza, zaposlenosti, prosječne plaće i trgovine na malo te rekordna turistička sezona probudili su optimizam domaćih i stranih investitora.
Najznačajnije transakcije na tržištu i dalje se odvijaju u segmentu turističkih nekretnina, a aktivno je i tržište trgovačkim nekretninama, ukupno 90% investicija u 2017. odnosilo se upravo na ta dva tržišna segmenta.
Primjena poreza na nekretnine koja je trebala započeti početkom 2018. odgođena je do daljnjeg, no o temi poreza i dalje se javno raspravlja, što stvara neizvjesnost potencijalnim investitorima i vlasnicima nekretnina.
U sklopu POS programa u drugom polugodištu 2017. subvencionirano je 2325 stambenih kredita. U najavi su izmjene POS modela s ciljem bolje iskoristivosti kredita u manjim mjestima i u slabije razvijenim područjima.
U skoroj budućnosti na tržištu se očekuju efekti prodaje portfelja nenaplativih potraživanja banaka, koji su uglavnom osigurani nekretninama, kao i efekti financijske krize Agrokora, vodećeg domaćeg koncerna.
Porez na promet nekretnina u RH (1.000 kn)
Stopa poreza na promet nekretnina snižena je te
od 1. siječnja 2017. umjesto dotadašnjih 5% iznosi 4%, a istovremeno je ukinuta mjera oslobođenja od plaćanja poreza na promet nekretnina za kupce koji kupuju svoju prvu nekretninu kojom rješavaju stambeno pitanje.
Unatoč smanjenju porezne stope, u 2017. uplaćeno je čak 92% više poreza na promet nekretnina nego u 2016., no zbog ukinutih olakšica obuhvat transakcija na koje se porez primjenjuje bio je veći, pa podaci nisu u potpunosti usporedivi.
Maksimalan prihod od poreza u 2017. uplaćen je u prosincu. Radi se o iznosu od 116,8 milijuna kuna, što je najveći iznos zabilježen u protekle 4 godine.
Izvor: Ministarstvo financija; Porezna uprava Napomena: zbog izmjena u sustavu oporezivanja podaci za sljedeća tri razdoblja nisu u potpunosti usporedivi: 1. razdoblje - do kraja 2014. godine, 2. razdoblje - 2015. i 2016. godina i 3. razdoblje - 2017. godina
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Ukupan broj kupoprodaja nekretnina u RH
U 2016. i 2017. godini broj ukupan kupoprodaja nekretnina je u porastu, nakon uzastopnog pada u protekle 4 godine.
Od ukupnog broja kupoprodaja realiziranih u razdoblju od 2013. do 2017., najveći broj se odnosi na poljoprivredna zemljišta (29,5%) stanove, apartmane i kuće (ukupno 26,7%) i građevinska zemljišta (14,2%).
Broj kupoprodaja nekretnina u RH prema namjeni nekretnine
U 2016. je zabilježen porast broja
kupoprodaja nekretnina svih namjena u odnosu na 2015., a najveći porast ostvaren je u broju kupoprodaja šuma i neplodnih zemljišta (24%), stambenih nekretnina (16%) i građevinskih zemljišta (15%)
Broj kupoprodaja u 2017. prema dosad izdanim rješenjima neznatno je veći nego u 2016., no očekuje se da će po završetku obračuna za 2017. biti zabilježen daljnji porast u odnosu na 2016. u gotovo svim kategorijama
Izvor: Ministarstvo financija, Porezna uprava Napomena: * podaci nisu konačni; pregled ne sadrži statističke podatke o ukupnoj kupoprodaji već samo o kupoprodaji nekretnina za koje je Porezna uprava utvrdila porez i izdala rješenje
Izdane građevinske dozvole za nove nestambene zgrade
Broj izdanih građevinskih dozvola za nove nestambene zgrade u Republici Hrvatskoj u 2017. veći je za 9% od broja građevinskih dozvola izdanih u 2016. Pri tome je najveći porast ostvaren u broju izdanih dozvola za hotele (24,3%) i prometne građevine (15,1%).
Izvor: DZS
71.837
67.849 63.317
71.334
71.981
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000
2013. 2014.* 2015.* 2016.* 2017.*
0
10.000
20.000
30.000
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70.000
80.000
2013. 2014.* 2015.* 2016.* 2017.*
ostalo
šume i neplodno zemljište
poslovni prostori
parkirne nekretnine
stambene nekretnine
građevinsko zemljište
poljoprivredno zemljište
0
200
400
600
800
1.000
1.200
1.400
2013. 2014. 2015. 2016. 2017.
ostale nestambenezgradeindustrijske i skladišnezgradeprometne zgrade
Trgovački prostori
Uredski prostori
Hoteli i sl.
STAMBENE NEKRETNINE
Prodaja stambenih nekretnina u novim projektima s komercijalnim miksom usklađenim s potrebama tržišta odvija
se brzo i u najranijim fazama projekta. U Zagrebu se u protekloj godini intenzivirala izgradnja većih zgrada pretežito stambene namjene. Osim investicija
pravnih osoba, aktualna je i investicija Grada Zagreba, koji gradi stambeno naselje u Podbrežju, no komercijalizacija gradskog projekta odvija se sporije od očekivanog.
Tržište je u drugom polugodištu bilo značajno aktivnije nego u prvom zbog realizacije subvencioniranih stambenih kredita, za koje su uvjeti financiranja u 1. polugodištu još uvijek bili nepoznati, što je nakratko usporilo aktivnost tržišta
Broj završenih stambenih zgrada i stanova u Republici Hrvatskoj
U protekle 3 godine broj završenih stambenih zgrada i stanova relativno je stabilan – godišnje se izgradilo oko 3800 stambenih zgrada i oko 7900 stanova.
Nakon registriranog blagog rasta u broju završenih stanova u 2015, jedinog u proteklih 9 godina, broj izgrađenih stanova u Republici Hrvatskoj ponovno je u blagom padu – u 2016. godini izgrađeno je 3,1% manje stanova nego u 2015.
Istovremeno je broj završenih stambenih zgrada porastao za 3,62%, što je prvi zabilježeni porast od 2009., no broj završenih stambenih zgrada u 2016. više je no dvostruko manji od broja završenih stambenih zgrada u 2009.
Izvor: DZS
Prosječna cijena prodanih novih stanova (kn/m2)
Izvor: DZS
Prosječna cijena prodanih novih stanova znatno
varira po promatranim područjima (Republika Hrvatska, Grad Zagreb, ostala naselja).
U 1. i 2. polugodištu 2017. zabilježen je porast cijene prodanih novih stanova u svim promatranim područjima, uz iznimku na području „ostala naselja“ gdje je u 1. polugodištu zabilježen blagi pad u odnosu na prethodno razdoblje.
Prosječna cijena prodanih novih stanova u Zagrebu, bez POS-a, u 2017. je porasla za 6,5% u odnosu na 2016.
Prema podacima DZS-a, koji ne uključuju podatke o svim prodanim novim stanovima te izuzevši POS stanove, u Zagrebu je u 2. polovici 2017. prodano 51,6% više stanova nego u 1. polovici 2017.
0
4.000
8.000
12.000
16.000
2012. 2013. 2014. 2015. 2016.
završene stambene zgrade
završeni stanovi
0
2.000
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6.000
8.000
10.000
12.000
14.000
H1 2
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H2 2
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H1 2
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H2 2
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H1 2
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H2 2
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H1 2
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H2 2
017
R. Hrvatska Zagreb
Ostala naselja
UREDSKI PROSTORI
Tržišne aktivnosti bile su nešto slabije nego u 1. polugodištu, a i dalje su se odnosile na transakcije zakupa i to značajnim dijelom na prelazak postojećih zakupaca u kvalitetnije prostore na boljim lokacijama uz prihvatljivije uvjete.
Mjesečne zakupnine u Zagrebu bile su stabilne i kretale su se oko 14-15 EUR/m2 u prvoklasnim nekretninama, dok su u sekundarnim nekretninama iznosile oko 8-10 EUR/m2.
Stopa nepopunjenosti uredskih prostora i dalje je u padu, pogotovo u prvoklasnim nekretninama, a blago se smanjuje i u projektima slabije kvalitete.
U poslovnoj zoni u Radničkoj u tijeku je izgradnja dvaju projekata poslovne namjene s uredskim i hotelskim sadržajima: projekt R21 s 23.500 m2 uredskih poslovnih prostora od kojih je veći dio zakupio HT i 11.150 m2 hotelskog prostora u kojem će biti smješten Hotel Hilton Garden Inn te projekt Centar 2000, objekt D3, koji će ponuditi 8.800 m2 uredskih prostora i 4.400 m2 hotelskih sadržaja
Novi uredski prostori (1.000 m2) i stopa nepopunjenosti (%) u Zagrebu
U prvom polugodištu dovršeni su projekti VMD Kunišćak (4.870 m2) i Fabrika (6.500 m2), a u drugom polugodištu nije bilo dovršetaka novih uredskih projekata.
U najavi je izgradnja 1. faze izgradnje poslovnog centra GTC Matrix na istoku grada i poslovne zgrade Tehnomobil na zapadu grada.
Uredski prostori u Hrvatskoj – izdane građevinske dozvole i završeni prostori (m2)
Izvor: DZS
Površina završenih prostora uredske namjene i površina uredskih prostora za koje su izdane građevinske dozvole u proteklih nekoliko godina znatno je oscilirala.
2016. je po površini uredskih prostora za koje je izdana građevinska dozvola bila jedna od rekordnih, pa je pad u 2017. iznosio visokih, ali i očekivanih 40,9%
Površina dovršenih uredskih prostora u konstantom je porastu u protekle 3 godine, u 2016. dovršeno je 39,2% više uredskih prostora nego u 2015.
0%
5%
10%
15%
20%
25%
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5
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15
20
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30
35
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Sto
pa
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po
pu
nje
no
sti (
%)
Novi u
red
ski p
rosto
r (1
00
0 m
2)
Novi uredski prostor
Stopa nepopunjenosti
0
20.000
40.000
60.000
80.000
100.000
120.000
140.000
160.000
180.000
2013. 2014. 2015. 2016. 2017.
Izdane građevinske dozvole
završeni prostori
TRGOVAČKI PROSTORI
Površina trgovačkih centara u Zagrebu iznosi cca 500.000 m2, a iako u prethodne tri godine nije bilo novih
dovršetaka, tržište je u proteklom razdoblju bilo vrlo aktivno. Nakon duže stagnacije, Zagreb bi u 2018. trebao dobiti novi trgovački centar: u tijeku je izgradnja Designer outlet
Croatia shopping centra u Rugvici, u neposrednoj blizini Ikeinog big box centra s planiranih 15.000 m2 trgovačkih prostora
Nastavljena su ulaganja u nove trgovačke centre u manjim gradovima, dovršen je centar Marisa u Trogiru, a u tijeku je izvođenje trgovačkog centra Max Stoja u Puli, Poreč City Malla, retail parka u Požegi te proširenje trgovačkog centra Supernova u Zadru.
U najavi je i izgradnja novih trgovačkih prostora u Zagrebu: planirano je proširenje Arena centra, najprije za 6.000 m2, a zatim za dodatnih 8000 m2 te izgradnja novog shopping centra i retail parka u neposrednoj blizini City Centra West, s ukupnom nadzemnom bruto površinom od 41.600 m2
Nastavljen je i trend izgradnje samostojećih trgovačkih objekata maloprodajnih lanaca za vlastite potrebe te širenje njihove prodajne mreže u manjim gradovima
Nakon rekordnih vrijednosti transakcija u 1. polugodištu 2017., u drugom polugodištu završene su dvije veće akvizicije:
SES Spar EU Shopping Centres preuzeo je zagrebački King Cross Centar Supernova Grupa preuzela je zagrebački Centar Kaptol te je trenutno vodeća tvrtka u trgovačkom segmentu.
Supernovin portfelj sastoji se od nekoliko trgovačkih centara koje je tvrtka izgradila za vlastite potrebe te trgovačkih nekretnina koje je tvrtka otkupila 2017. godine (Garden Mall, Centar Cvjetni i Centar Kaptol u Zagrebu, retail parkovi u Koprivnici i Sisku te retail park u Požegi - u projektnoj fazi). Ukupan Supernovin portfelj sastoji se od 12 trgovačkih nekretnina i zauzima 13,5% hrvatskog portfelja.
Pojedini trgovački centri na pojačanu konkurenciju reagirali su promjenom koncepta i rebrandingom: Importanne Galleria u Zagrebu preuređena je i sada djeluje pod imenom Galleria Business Centre, a Mercator Split pod imenom Salona Mall. U skorijoj budućnosti očekuje se i rebranding Centra Kaptol i Branimir centra.
Vodeći domaći trgovački koncern Agrokor zbog nemogućnosti refinanciranja dugova stavljen je pod posebnu vrstu državne uprave u travnju 2017. te je najavljeno zatvaranje stotinjak trgovina Konzuma, čiji je Agrokor vlasnik. Zatvorene su dvije trgovine Super Konzuma (u Rijeci i Osijeku), a najavljena je i prodaja 4 veća trgovačka centra u vlasništvu Mercatora, koje Konzum koristi kao zakupac.
Mjesečna cijena zakupa (EUR/m2) i stopa nepopunjenosti trgovačkih prostora u Zagrebu
Površina portfelja, stope nepopunjenosti i troškovi zakupa u Zagrebu u proteklom razdoblju su bili stabilni
Izvor: Zane
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aku
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UR
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INDUSTRIJSKI PROSTORI
Industrijski segment još uvijek je najnerazvijeniji segment tržišta nekretnina, unatoč dobrom geografskom položaju zemlje i značaju u tranzitu.
Manjak investicija rezultata je visokih troškova stjecanja zemljišta i doprinosa. Zbog manjka novih investicija tražene cijene zakupa nešto su više od prosječnih cijena u zemljama u okruženju. Način kategorizacije i obračuna doprinosa na industrijske nekretnine (izuzev nekretnina isključivo proizvodne namjene)
i dalje višestruko nadmašuje opterećenje doprinosima u odnosu na druge tipove nekretnina. Većina tržišne aktivnosti u ovom segmentu odvija se u dvije poslovne zone u rubnim dijelovima Zagreba – na
zapadnom dijelu (Jankomir) i na istočnom dijelu (Žitnjak) te u poslovnim zonama u drugim gradovima. Od ukupno 400-500 postojećih poslovnih zona u Hrvatskoj, oko 100 ih je aktivno.
U proteklom razdoblju nije bilo novih dovršetaka industrijskih građevina, iako je potražnja velika Postojeći fond ove vrste nekretnina i dalje je uglavnom u funkciji vlasnika prostora, koji se sve češće zbog nedostatka
adekvatnih prostora za zakup odlučuju za izgradnju logističkih centara za vlastite potrebe. Državna tvrtka Hrvatska Pošta započela je izgradnju sortirnog centra u Velikoj Gorici za vlastite potrebe, koji će se
prostirati na ukupno 38.000 m2 Zakupnine prvoklasnih skladišnih prostora kreću se oko 5.5 EUR/m2 mjesečno, a u sekundarnim prostorima oko 3.5 –
5.5 EUR/m2 mjesečno.
Površina (m2) i broj završenih industrijskih zgrada i skladišta
površina i broj završenih industrijskih zgrada u protekle dvije godine je u porastu: broj završenih industrijskih zgrada porastao je za 16,9%, a površina završenih industrijskih zgrada za 60,9% u odnosu na 2015.
Izvor: DZS
ADRESA SJEDIŠTA: Zagreb nekretnine d.o.o., Nova Ves 17, 10000 Zagreb
TELEFON & FAX: T: +385 1 4860 130, T: +385 1 4860 628, F: +385 1 4860 222
E-MAIL ADRESA: [email protected]
INTERNETSKA ADRESA: www.zane.hr
FACEBOOK ADRESA: www.facebook.com/ZagrebNekretnineZANE
KONTAKT PODRUŽNICA:
Rijeka, A. Starčevića 10, T: +385 51 212 020 Split, I. Gundulića 26, T: +385 21 380 250 Osijek, Trg slobode 8, T: +385 31 200 619 Varaždin, Kapucinski trg 5, T: +385 42 212 515
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CROATIAN REAL ESTATE MARKET OVERVIEW H2 2017
Continuous positive economic trends had a positive impact on the real estate market. Steady GDP growth, increased export in goods, employment rate, average wages, retail trades and the number of tourist nights of both foreign and domestic guests are arousing optimism of local and international investors.
The most significant market transactions took place in the segment of tourist real estate, followed by the active retail market, with a total of 90% of investments in 2017 referring to these two market segments.
The implementation of real estate taxation that was due to begin in early 2018 has been postponed until further notice, but the tax issue is still publicly discussed, creating uncertainty for potential investors and property owners.
As part of the subsiding housing program, 2325 housing loans were subsidized in H2 2017. The relevant ministry announced novelties in subsiding housing program with the aim of better utilization of loans in smaller places and in the less developed areas.
In the near future, effects of the sale of banks portfolios of non-performing loans, which are mostly secured by real estate are expected on the real estate market, as well as the effects of the financial crisis of Agrokor, the leading domestic enterprise.
Real estate transaction tax (1.000 kn)
The real estate transaction tax rate stands at 4%
since January 1st 2017, replacing the previous 5%, and the tax relief for residents buying their first residential property for their own housing has been abolished.
Despite the lower tax rate, recorded tax revenues in 2017 were 92% higher than in 2016, but the data for those 2 years is not comparable, because the coverage of the transactions to which the tax was applied has been greater due to the abolition of tax relief.
The maximum tax revenue in 2017 was recorded in December, amounting 116.8 million kuna, which is the largest value recorded in the last 4 years.
Source: Ministry of Finance RC, Tax Administration Service Note: due to changes in the taxation of real estate transactions, the data for the following three periods is not fully comparable: 1st period - till the end of 2014, 2nd period - 2015 and 2016, 3rd period – 2017
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13
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20
13
I. 2
01
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4V
II.
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01
5IV
.20
15
VII
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. 2
01
5I.
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IV.2
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II.
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16
X.
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16
I. 2
01
7IV
.20
17
VII
. 2
01
7X
. 2
01
7
The number of real estate sale and purchase transactions in Croatia
After a consecutive decrease in the previous 4 years, the total number of real estate sales has increased in 2016 and 2017
Out of the total number of sales registered from 2013 to 2017, the largest number of transactions refers to agricultural land (29.5%), flats, apartments, houses (total 26.7%) and building plots (14.2%).
The number of real estate sale and purchase transactions by property purpose
The number of real estate transactions
in all of the observed property types has increased in 2016, compared to 2015, with the largest increase in the number of transactions in forests and barren plots (24%), residential properties (16%) and building plots (15%).
According to the tax accounts issued so far, the number of transactions in 2017 stands slightly above the levels from 2016, but it will most likely further increase in almost all of the observed categories, after the completion of the 2017 accounts.
Source: Ministry of Finance, Tax Administration Service Note: *the data is not completed, the review does not contain statistics on the total purchase but only on the sale of real estate for which the Tax Administration has established the tax and issued the tax account
Building permits for new non-residential buildings
The number of issued building permits for new non-residential buildings in the Republic of Croatia in 2017 was 9% higher than the number of issued building permits in 2016. The largest increase was recorded in the number of issued permits for hotel buildings (24.3%) and traffic buildings (15.1%).
Source: CBS
71.837
67.849 63.317
71.334
71.981
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000
2013 2014* 2015* 2016* 2017*
0
10.000
20.000
30.000
40.000
50.000
60.000
70.000
80.000
2013 2014* 2015* 2016* 2017*
other
forests and barren land
business property
parking premises
residential property
building plot
agricurtural plot
0
200
400
600
800
1.000
1.200
1.400
2013 2014 2015 2016 2017
Other non-residential
Industrial andwarehouseTraffic andcommunicationWholesale and retail
Office
Hotels and similar
RESIDENTIAL REAL ESTATE
Residential real estate in new projects whose characteristics are in line with market expectations are being sold in
fast pace, even in the earliest stages of developments. The construction of larger buildings for mainly residential purposes in Zagreb area has been intense. Besides the
investments of legal entities, there is an active development lead by the City of Zagreb, who builds a residential settlement in Podbrežje area, but the commercialization of the city project is slower than expected.
The market was more active in the H2 2017 than in the H1 2017, due to the activation of subsidized housing loans program. The exact financing conditions were still unknown in H1 2017, which slowed down the market activity.
The number of completed residential buildings and dwellings
The number of completed residential buildings and dwellings was relatively stable in the last 3 years – app. 3800 residential buildings and app. 7900 flats were built annually.
After a slight increase in the number of completed dwellings in 2015, the single one recorded in the last 9 years, the number of built dwellings in the Republic of Croatia has declined slightly - in 2016, 3.1% less dwellings were built than in 2015.
At the same time, the number of completed residential buildings increased by 3.62%, which is the first increase since 2009, but the number of completed residential buildings in 2016 is still more than twice smaller the number of completed residential buildings in 2009.
Source: CBS
The average price of new dwellings sold (kn / m2)
Source: CBS
The average price of new dwellings sold varies considerably in the observed areas (Republic of Croatia, Zagreb, other settlements).
The growth in the price of new dwellings sold was recorded both in H1 2017 and H2 2017 in all of the the observed areas, with the exception of "other settlements", where there was a slight decline in the first half of the year compared to the previous period
The average price of new dwellings sold in Zagreb, excluding the dwellings from Programme of Subsidized Residential Construction (POS), has increased by 6.5% in 2017 compared to 2016.
According to CBS data, which does not include data on all new dwellings sold and excluding dwellings from POS projects, there were 51.6% more dwellings sold in Zagreb in H2 2017 compared to H1 2017.
0
4.000
8.000
12.000
16.000
2012 2013 2014 2015 2016
completed buildings
completed dwellings
6.000
7.000
8.000
9.000
10.000
11.000
12.000
13.000
H2 2
012
H1 2
013
H2 2
013
H1 2
014
H2 2
014
H1 2
015
H2 2
015
H1 2
016
H2 2
016
H1 2
017
H2 2
017
R. of Croatia Zagreb
Other settlements
OFFICE REAL ESTATE
Market activities were somewhat weaker than in the first half of the year, and were still mainly related to lease transactions, most of transactions related to the moving of existing leaseholders to better premises at better locations with more acceptable lease terms.
Monthly lease in Zagreb was stable at around 14-15 EUR /m2 for the first class real estate and 8-10 EUR /m2 for the secondary real estate.
The vacancy rates were still decreasing, especially in first-class real estate, and the vacancy rates slightly decreased even in lower quality projects.
Two office and hotel business projects are currently under construction in Radnička office area: the R21 project with 23,500 m2 of office space, most of which is already preleased to HT and 1,150 m2 of hotel space, preleased to Hilton Garden Inn and the project Center 2000, facility D3, which will offer 8,800 m2 of office space and 4,400 m2 of hotel facilities
New office space (1.000 m2) and vacancy rates (%) in Zagreb
There were no new deliveries in H2 2017, and two projects were completed in H1 2017: project VMD Kunišćak (4,870 m2) and the Factory project (6,500 m2)
There are two projects in the pipeline: 1st phase of GTC Matrix project on the east side of the city and Tehnomobil project on the west side of the city
Office premises in Croatia – building permits issued and completed premises (m2)
Source: CBS
The area of completed office premises and the area of office premises for which the building permits have been issued has considerably varied in the last few years.
The office area for which the building permits were issued in 2016 was one of the highest recorded, so the decrease in 2017 was expectedly high (40.9%).
The area of completed office space has been rising steadily over the past 3 years: in 2016, 39.2% more office space was completed compared to 2015.
0%
5%
10%
15%
20%
25%
0
5
10
15
20
25
30
35
2013 2014 2015 2016 2017
Va
ca
ncy r
ate
(%)
New
off
ice
sp
ace
(1
00
0 m
2)
New office space Vacancy rate
0
20.000
40.000
60.000
80.000
100.000
120.000
140.000
160.000
180.000
2013 2014 2015 2016 2017
building permits completed area
RETAIL REAL ESTATE
The total stock of shopping centres in Zagreb stands at approximately 500.000 m2, there have been no new
completions in the last three years, but the market was very active in the past period. After a long period of stagnation, new premises will be added to Zagreb's stock in 2018: construction of the Designer
outlet Croatia shopping centre in Rugvica had started in Q2 2017, near the Ikea big box centre with 15,000 square meters of commercial space planned.
Investments in new shopping malls in smaller towns have continued: shopping center Marisa in Trogir was completed, the Max Stoja shopping centre in Pula, Poreč City Mall and the retail park in Požega are under construction, as well as the extension of the Supernova shopping centre in Zadar.
There are also new projects and extensions in Zagreb area announced: Arena Center will spread out to 6,000 m2 in the 1st phase and additional 8,000 m2 in 2nd phase and a new shopping center and retail park is planned near City Center West, with a total gross floor area of 41,600 m2.
The wholesale and home goods retailers are continuing the trend of developing new stores for their own purposes and spreading their business network to the smaller cities.
Following record-breaking transactions in H1 2017, two major acquisitions were completed in the H2 2017:
SES Spar EU Shopping Centers acquired Zagreb's King Cross Center Supernova Group acquired Kaptol Center in Zagreb and is currently the leading company in the retail segment.
Supernova's portfolio consists of several shopping malls that the company has built for its own needs and several retail properties purchased in 2017 (Garden Mall, Cvjetni Center and Center Kaptol in Zagreb, Retail Parks in Koprivnica and Sisak and Retail Park in Požega in project phase). The total Supernova’s portfolio consists of 12 retail properties and occupies 13.5% of the Croatian portfolio.
In order to comply with growing competition, some shopping centers responded with new concepts and rebranding, Importanne Galleria in Zagreb operates under the name Galleria Business Center after a renovation, and Mercator Split operates under the name Salona Mall. In the near future, rebranding of the Center Kaptol and Branimir Center is also expected.
The leading domestic company Agrokor has been placed under a special type of state management in April 2017 and has announced the closure of approximately 100 unprofitable Konzum stores in their ownership. Two Super Konzum stores are already closed (in Rijeka and Osijek), and the sale of 4 bigger stores owned by Mercator and leased to Konzum, has also been announced.
Monthly lease (EUR/m2) and vacancy rates for retail premises in Zagreb
Source: Zane
Retail stock, vacancy rates and monthly rents in Zagreb were stable over the past period.
0%
5%
10%
15%
20%
0
10
20
30
40
50
60
2013 2014 2015 2016 2017
Va
ca
ncy r
ate
s (
%)
Mo
nth
ly r
en
ts (
EU
R/m
2)
INDUSTRIAL REAL ESTATE
Industrial segment is still the least developed real estate market segment, despite the country’s excellent geographical position and importance in transit.
Lack of investment is mainly caused by high costs of land acquisition and contribution fees. Because of the shortage of new investments, the asking lease price is somewhat higher than the average price in
the surrounding countries. The rules for categorizing and calculating contributions for industrial premises (with the exception for factories)
continues to outweigh the investment, compared to other types of real estate developments. The most market activities in this segment took place in two business zones in the outskirts of Zagreb - in the western
part (Jankomir) and in the eastern part (Žitnjak) and in business zones in other cities. Out of a total of 400-500 existing business zones in Croatia, about 100 are active.
Although the demand is high, there were no new completions in the past period The existing stock of industrial premises is still largely owner occupied, and due to the lack of adequate lease space,
more and more investors are opting for building logistic centres for their own needs. State owned company Croatian Post has started the construction of a sorting center in Velika Gorica for its own
needs, which will cover a total of 38,000 m2 Monthly lease for first-class warehouse space stands around 5.5 EUR/m2 and 3.5-5.5 EUR/m2 for second-class
premises.
The number and the surface area (m2) of completed industrial buildings and warehouses
The floor area and the number of completed industrial buildings over the past two years is rising.
The number of completed industrial buildings in 2016 has increased by 16.9% and the floor area of completed industrial buildings by 60.9% compared to 2015.
Source: CBS
HEAD QUARTERS ADDRESS: Zagreb nekretnine Ltd., Nova Ves 17, 10000 Zagreb
PHONE & FAX: P: +385 1 4860 130, P: +385 1 4860 628, F: +385 1 4860 222 E-MAIL ADDRESS: [email protected] INTERNET ADDRESS: www.zane.hr FACEBOOK ADDRESS: www.facebook.com/ZagrebNekretnineZANE
SUBSIDIARIES CONTACT:
Rijeka, A. Starčevića 10, P: +385 51 212 020 Split, I. Gundulića 26, P: +385 21 380 250 Osijek, Trg slobode 8,P: +385 31 200 619 Varaždin, Kapucinski trg 5, P: +385 42 212 515
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100
120
140
160
180
0
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100
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200
250
300
2012 2013 2014 2015 2016 Th
e n
um
eb
r o
f co
mp
lete
d
bu
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d
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