Croatia Real Estate Market ReportSeeNews - Research & ProfilesJune 26, 2009 29 Pages - SKU: ALD2430833 |
| Countries covered: Croatia In the fourth quarter of 2008 Croatia's gross domestic product (GDP) stood at HRK 82.753 bln, down 12.94% year-on-year. The country's financial intermediation, real estate, renting and business activities sector contributed 19.8% to the GDP, while the domestic construction sector accounted for 6.92% of the GDP. The country's real GDP growth in the fourth quarter of 2008 was 0.2% compared to the same period a year earlier, the lowest real growth since the first quarter of 2000. The household spendings dropped by 3.2% and the government costs climbed by 2.7% on the year. In the period between October and December 2008 Croatia's export declined by 2.5% and import were down by 7.1% year-on-year. In 2007 GDP of the country amounted to HRK 275.078 bln, of which HRK 45.479 bln was generated by financial intermediation and real estate sector. As of end-2008 employment in the real estate sector stood at 89,531 workers, which accounted for 7.31% of the employed population in the country. According to data from the Central Bureau of Statistics of Croatia, the number of the registered companies, active in real estate activity stood at 5,955 in end-March 2009. The active companies numbered 4,893. Privately-owned real estate companies totaled 4,822, while the state-owned were 42. The real estate cooperatives were 3 in the first quarter of 2009. |
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