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Split Apartment Priced Same as Paris Villa, Sparking Market Outrage
๐Ÿ‡ญ๐Ÿ‡ท Croatia /Economy & Trade

Split Apartment Priced Same as Paris Villa, Sparking Market Outrage

From Veฤernji List · () Croatian

Translated from Croatian, summarized and contextualized by DistantNews.

At a glance

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  • A 64-square-meter apartment in Split, Croatia, is listed for the same price as a 423-square-meter villa near Paris.
  • The Split apartment is priced at 650,000 euros and requires renovation, while the French villa is fully furnished and significantly larger.
  • The stark price difference has sparked debate about the inflated real estate market in Split and on the Croatian coast.

A striking real estate listing has ignited a firestorm of debate regarding the astronomical prices in Croatia's coastal property market. A 64-square-meter apartment in the Spinut neighborhood of Split is being advertised for a staggering 650,000 euros, despite requiring significant renovation.

In a stark comparison that has left many bewildered, the same price could secure a sprawling 423-square-meter villa near Paris. This French property, built in the Napoleon III style, boasts five bedrooms, two bathrooms, and is fully furnished, offering a vastly more luxurious and spacious living experience.

The online post comparing the two properties questioned the sustainability of the inflated market, with one user lamenting, "How long will this overinflated balloon last? What will happen when it bursts? We don't even deserve pity when we are insatiable beasts."

Discussions on social media quickly turned to the state of the domestic real estate market, with concerns raised about the influence of foreign buyers and potential money laundering. Some users expressed fears that such market conditions could lead to a "ghost country" where locals are priced out.

How long will this overinflated balloon last? What will happen when it bursts? We don't even deserve pity when we are insatiable beasts.

โ€” Online userCommenting on the comparison of real estate prices in Split and near Paris.
DistantNews Editorial

Originally published by Veฤernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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