Real Estate in Hvar, Croatia
Last updated on Jan 09, 2024
Summary: People living in Hvar, Croatia offer advice about real estate. How do you find a home in Hvar? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Hvar?
"A typical expat home or apartment in Hvar, often boasts a stunning view of the Adriatic Sea, given the island's prime location. These homes are usually designed in a Mediterranean style, with white walls and blue accents, reflecting the colors of the sea and sky. They often feature spacious terraces or balconies, perfect for outdoor dining or simply enjoying the beautiful surroundings. Inside, the homes are typically furnished in a comfortable, modern style, with all the amenities one would expect, such as a fully equipped kitchen, air conditioning, and high-speed internet. Many expat homes also have access to a pool or are located within walking distance to the beach. Despite being on an island, these homes are usually close to local amenities like shops, restaurants, and bars, offering a balance of convenience and tranquility," remarked one foreigner who made the move to Hvar.
What is the average cost of housing in Hvar?
If you are thinking about moving to Hvar, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Hvar can vary greatly depending on the location and type of property. For instance, a one-bedroom apartment in the city center may cost around $500 per month, while a similar apartment outside the city center may be around $350 per month. If you're looking to buy property, the average price per square meter in the city center can be around $3,000, while outside the city center it may be around $2,000. However, these prices can fluctuate based on the real estate market and other factors. Luxury villas and properties with sea views can cost significantly more," said one person in Hvar.
Should I buy or rent a home in Hvar?
If you have not spent a lot of time in Hvar, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Hvar, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Hvar for a long period or frequently visit, buying a home could be a good investment. Owning a property in Hvar can also provide a potential source of income through rentals when you are not using it. On the other hand, renting a home in Hvar offers more flexibility. It's a good option if you're not sure about your long-term plans or if you prefer not to have the responsibilities and costs associated with home ownership. Renting can also be a more affordable option in the short term, as it doesn't require a large upfront investment. It's also important to consider the real estate market conditions in Hvar. If property values are rising, buying a home could be a good investment. However, if the market is stagnant or declining, renting might be a safer option. Lastly, consider the lifestyle you want to lead in Hvar. If you want the freedom to customize your living space and have a place that truly feels like your own, buying might be the right choice. If you prefer not to deal with maintenance and repairs, or if you value the ability to move easily, renting could be a better fit. In conclusion, both buying and renting a home in Hvar have their pros and cons. It's important to carefully consider your personal situation and goals before making a decision," said one expat in Hvar.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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