Real Estate in Sibenik, Croatia
Last updated on Apr 14, 2024
Summary: People living in Sibenik, Croatia offer advice about real estate. How do you find a home in Sibenik? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Sibenik?
"A typical expat home or apartment in Sibenik, often offers a blend of traditional and modern aesthetics. The exterior of the buildings usually reflects the city's rich history, with stone walls and red-tiled roofs. Inside, the homes are often renovated to include modern amenities such as updated kitchens, bathrooms, and living spaces. Many apartments offer spacious rooms with high ceilings and large windows that let in plenty of natural light. The living room often serves as the central gathering space, furnished with comfortable sofas and a television. The kitchen is usually equipped with modern appliances, including a refrigerator, stove, and sometimes a dishwasher. Bedrooms are typically cozy, with ample storage space. Many expat homes in Sibenik also come with outdoor spaces, such as balconies or terraces, which offer stunning views of the Adriatic Sea or the city's historic sites. Some larger homes may even have a small garden or courtyard. Despite being equipped with modern comforts, these homes often retain elements of traditional Croatian architecture, such as exposed stone walls or wooden beams, adding to their charm. The location of these homes can vary, with some situated in the heart of the city, close to shops and restaurants, while others are nestled in quieter, residential areas. In terms of decor, it's common to find a mix of contemporary and traditional styles. Many expats choose to incorporate Croatian crafts and artwork into their homes, adding a local touch to the interior design. Overall, a typical expat home in Sibenik is comfortable, well-equipped, and beautifully blends the old with the new," remarked one member in Sibenik.
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What is the average cost of housing in Sibenik?
If you are thinking about moving to Sibenik, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Sibenik can vary greatly depending on the location and size of the property. For instance, in the city center, you can expect to pay a higher price compared to the outskirts. As of now, the average price for an apartment in the city center is around 2000 Euros per square meter. However, for houses, the price can range from 1500 to 2500 Euros per square meter. Please note that these prices are subject to change and may vary based on the current real estate market," remarked one foreigner who made the move to Sibenik.
Should I buy or rent a home in Sibenik?
If you have not spent a lot of time in Sibenik, 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 Sibenik, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Sibenik for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, if you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting offers more flexibility and less responsibility for maintenance and repairs. It also requires less upfront capital than buying a home. Consider the local real estate market as well. If property prices in Sibenik are high and continue to rise, buying a home could be a good investment. However, if prices are stagnant or falling, it might be better to rent and wait for a more favorable market to buy. Lastly, consider your financial situation. Buying a home requires a significant financial commitment, including a down payment, mortgage payments, property taxes, and maintenance costs. If you're not financially ready for these expenses, renting might be a more feasible option. In conclusion, the decision to buy or rent a home in Sibenik, Croatia, should be based on your personal circumstances, financial situation, and long-term plans. It's important to carefully consider all these factors before making a decision," remarked one foreigner who made the move to Sibenik.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat 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.