Last updated on July 11th, 2023
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Check out the best city to invest in this 2022, Croatia is one of the fully booked Airbnb places with the highest occupancy rates!
- Last updated on
- July 11, 2023
Croatia is recognized worldwide for its picturesque national parks and serene beaches as it welcomes over 11 million tourists in 2021. Considered one of the most visited tourist destinations in the Mediterranean, Croatia was also renowned as the travel and leisure reader’s choice destination.
Despite the pandemic in 2020, this beautiful city in Central Europe still recorded a whopping total number of 22 million visitors. Can you imagine the tourists that have booked their respective accommodations in a span of one month? We have one word to describe it: Fully-booked!
In general, Croatia is one of the most visited destinations across the globe because of its famous attractions such as Plitvice Lakes National Park, Diocletian’s Palace, Dubrovnik Old Town, and many more.
Property investors who want to start an Airbnb with limited budget should certainly do thorough research about rules and regulations as they vary per city. For instance, hosts should know that the Airbnb rules in Florence restrict hosts to operate two rental units in the same city.
Continue reading to learn more about Airbnb’s long-term profitability in Croatia.
Is Airbnb Profitable in Croatia?
According to The Dubrovnik Times, Croatia is one of the European countries with the fastest recovering tourism sectors with a 61% volume in comparison to 2019 data. Airbtics data confirms that an average host can earn an average daily rate of €107 for a 3-bedroom apartment/condo in Croatia.
These Airbnb metrics are necessary in order for property investors to have an outlook of potential revenue and avoid losing hard-earned money. Knowing your preferred area’s occupancy rates, average daily rates and annual revenue is important in starting an Airbnb business to achieve success.
By using an accurate short-term rental calculator, you’ll be able to confirm that Croatia is one of the best places for investment. There are indeed plenty of high-return investment opportunities in Croatia that one should not miss out on.
Source: Airbtics Dashboard
What is the Average Occupancy Rate for Airbnb in Croatia?
An excellent Airbnb occupancy rate should be around 65% with a remarkable increase monthly. The good news is that for Croatia, the occupancy rate should not be doubted at all. Based on Airbtics, the YoY change in Croatia increases by 182.9% and has had a 100% occupancy rate in March and July 2022. Talk about profitability!
To be specific, the cities of Dubrovnik and Split are part of the Airbnb cities with the highest occupancy rates. The annual revenue in Dubrovnik is around €39,490 with an average occupancy rate of 44%, while hosts in Split can expect annual revenue of €13,718 with an average occupancy rate of 46%.
It’s interesting to know that despite the post-pandemic restrictions in various countries, the international traveler’s ratio in Croatia remains at 88%.
Are Properties Expensive in Croatia?
The demand for real estate in Croatia is relatively high so there is also an increase in prices. According to Euro Immobilien, apartments are sold out fast before even being built and the average price of new dwellings is €1,678 per square meter.
Before purchasing an investment property, it’s important to learn about the various kinds of mortgages, ongoing and upfront costs, and other fees associated with real estate.
In order to track the Airbnb performance of your preferred neighborhood in Croatia, it’s practical to take advantage of smart technology. By using a precise short-term rental calculator, you’ll be able to consistently monitor the demand & supply and spy on your competitors located within the area – and stand out among the rest.
Short-Term Rental Data
Short-Term Rental Data
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