Top 11 Real Estate Developers in Croatia in 2024

Investing in Croatia is a great opportunity due to its stunning natural beauty, rich history, and growing tourism industry. With its picturesque coastline along the Adriatic Sea, crystal-clear waters, and charming coastal towns, Croatia offers an ideal setting for purchasing real estate. 

Whether you're looking for a vacation home, rental property, or a long-term investment, Croatia’s coastal regions provide excellent value. Additionally, the country’s stable economy and membership in the European Union make it a secure and attractive destination for real estate investment.

When it comes to investors in new construction in Croatia, the majority of developments are concentrated in popular coastal areas such as Dubrovnik, Split, Zadar, Šibenik, and Istria, as well as in major urban centers like Zagreb. These locations attract both local and international buyers, thanks to their growing tourism and strong rental potential.

Who are The Top Real Developers in Croatia?

The demand for new construction is driven by both domestic buyers and foreign investors, making Croatia an appealing market for property investment. Some of the most well-known developers and construction companies in Croatia include:

1. Landmark Adria doo

Landmark Adria is a company involved in real estate and development projects in Croatia, including luxury villas in Istria, which showcases properties like the Landmar Adria Villas located in Tar-Vabriga near Poreč. These properties feature modern amenities, including private pools and green spaces. These properties are conveniently located near Poreč and Novigrad, making them prime real estate on the Adriatic coast, here is their popular project: 

• Landmark Adria Villas

Properties for Sale: 1

Customer Review: /

The total revenue in 2023: € 50.691

2. Quatro Company

QUATRO COMPANY d.o.o. is a company based in Split, and its business policy is focused on controlled development while fully respecting the demands and needs of customers, suppliers, employees, and the broader community.

Their main goal is customer satisfaction, ensuring that clients receive appropriate quality for the money invested in built properties and services.

Their company, TEHNOPLAST d.o.o., is the primary contractor for all the projects they develop and also the largest private property manager in the Republic of Croatia. The company manages over 1,200,000 m² of residential and commercial space in Split, Trogir, Kaštela, Solin, and Omiš. They have been managing residential and commercial properties since 1998, with extensive experience in planning and organizing the maintenance of complex structures like these:

• Bel Etage 2, Split

• Raseljkina, Split

• Suncani Dvori, Split

Properties for Sale: 11

Customer Review: 4.3 / 5

The total revenue in 2023: € 1,62 mil.

3. GIP PIONIR d.o.o. Zagreb

The company GIP PIONIR d.o.o. Zagreb is one of the leading construction firms in the residential building sector in Zagreb. Based on its production scale, it is classified among large enterprises.

Founded in 1991 as an independent company, it is registered for all types of activities in the construction industry. Since its inception, the company has developed and carried out projects predominantly in the field of high-rise construction and the development of investment buildings for various purposes.

Rephrased version: The Zagreb-based company GIP PIONIR d.o.o. is a major player in residential construction in the city and is classified as a large enterprise based on its production volume. Established in 1991, the company is fully registered for all construction-related activities and has focused on high-rise and multi-purpose investment projects since its founding, and here are some of them:

• Savica

• Lovinciceva

• Samobor

• Borongajska

Properties for Sale: 15+

Customer Review: 3.8 / 5

The total revenue in 2023: € 114,67 mil.

4. Maricom Projekt

Maricom Projekt's business principle is based on the construction of high-quality buildings that not only meet but exceed their clients' expectations.

They provide an optimal balance of quality, safety, design, and price because they believe that every project should be a long-term solution. They measure the quality of their projects through the satisfaction of the end-users—their customers.

For this reason, they collaborate with top-notch designers and engineers, using only high-quality, durable, and certified construction materials. Additionally, they work with proven and reputable contractors to ensure that every aspect of their business reflects their commitment to excellence.

• Trstenjakova 5

• Obirska 19

Properties for Sale: 2

Customer Review: /

The total revenue in 2023: € 10.994

5. GIK Grupa

Gik Grupa is a company with a rich history of construction that is imbued with innovations and uncompromising attention to detail. Each project is an opportunity for them to create masterpieces that exude elegance and superior style. Their team of experts, who have experienced numerous successes over the years, passionately strives for perfection in every aspect of construction.

Recognizing that a home is not just a building, but a sanctuary of peace and joy, they carefully listen to the desires of their clients. They adapt to their needs to create spaces that reflect their lifestyle and personality. Through trust and mutual respect, they build strong relationships with their clients and partners. 

• RIHTMANOVA

• Opatija

Properties for Sale: 2

Customer Review: 4.3 / 5

The total revenue in 2023:u € 712.307

6. Croatia | Sotheby’s International 

Sotheby's International Realty® stands as the leading and most sought-after brand in the luxury real estate sector. Established in 1976, it draws upon a legacy of over two centuries of exceptional service associated with the Sotheby's auction house. Understanding luxury as an experience rather than just a price tag, our expansive global network of outstanding teams connects extraordinary individuals with distinctive properties, offering them unmatched access to the market.

Beyond showcasing exquisite properties and the dedicated involvement of our agents, we are uniquely positioned to provide a refined lifestyle that aligns with your desires, making us the premier choice for showcasing extraordinary homes worldwide, and here are some in Croatia:

• Villa Timeless, Šibenik

• Villa Emporia, Hvar

• Villa Segreto Adriatico, Trogir

• Villa Violet, Brač

Properties for Sale: 20+

Customer Review: 4.5 / 5

7. Pin and Pin

The team at Pin & Pin comprises experienced, design-focused developers who specialize in building and selling luxury properties in the most exclusive locations along the Dalmatian Riviera.

Their trademark holistic approach allows them to manage award-winning projects from conception to completion. Driven by a passion for their work, they create timeless homes that they can look back on with pride, and here are the examples:

• Villa Hills, Orasac

• Villa Feodora, Island of Korčula

• Villa Opus, Island of Korčula

• Villa Ivy, Island of Brač

Properties for Sale: 5

Customer Review: /

8. Adriatic Development Group

Adriatic Development Group is a group of companies specializing in the investment, design, construction, and sale of real estate in the city of Opatija and the Liburnia Riviera. This group is dedicated to creating high-quality properties that reflect the unique charm and beauty of the region.

They combine innovative design with sustainable construction practices to deliver exceptional living spaces that cater to both residents and investors. With a deep understanding of the market, they provide comprehensive services that encompass every aspect of real estate development, ensuring a seamless experience for clients. Check out their project:

• Zora Residence, Opatija

Properties for Sale: 1

Customer Review: /

The total revenue in 2023: € 97.591

9. JG Projekti

JG Projekti is a prominent company specializing in real estate development and construction in Croatia. With a strong commitment to quality and innovation, JG Projekti focuses on creating exceptional residential and commercial properties that enhance the local landscape. Their portfolio includes a diverse range of projects, from luxurious villas to modern apartment complexes, all designed with meticulous attention to detail and sustainability.

The team at JG Projekti is comprised of experienced professionals dedicated to delivering projects that not only meet but exceed client expectations. We represent some of their eminent projects:

• Laniste 3, Zagreb

• Avenija Dubrava, Zagreb

• Remete, Zagreb

Properties for Sale: 5+

Customer Review: 4.0 / 5

The total revenue in 2023: € 7,36 mil.

10. GMB BEKAVAC

GMB Bekavac d.o.o. was founded in 2004 with the mission of bringing happiness to future homeowners. Their goal is to offer a seamless and straightforward experience for customers when purchasing their property. Depending on the stage of construction, buyers have the flexibility to choose installed materials such as ceramics, flooring, and sanitary equipment, as well as to modify room layouts in consultation with their expert architects.

In addition, customers can work closely with their skilled contractors to finalize all details regarding electrical and plumbing adjustments. All materials used are sourced from reputable domestic and international manufacturers, ensuring that quality remains a top priority for both the company and its clients, here is the list of their remarkable projects:

• Križna cesta, Zagreb

• Poljička street, Zagreb

• II. Malešnica, Zagreb

Properties for Sale: 4

Customer Review: /

The total revenue in 2023: € 1,70 mil.

11. NIVOGRADNJA d.o.o.

NIVOGRADNJA d.o.o. was established in 1994 with private capital and operates exclusively in the construction sector, acting both as an investor and a builder for its projects. They acquire land through financing from partner banks and receive technical support from their sister company, NIVOPROJEKT d.o.o., which handles project documentation. Their workforce, alongside site managers, engineers, and long-term subcontractors, is responsible for the construction of their buildings.

Procurement and equipment are managed through their own company, NIVOTRGOVINA d.o.o. They independently market their products, which include high-quality residential and commercial spaces. In Croatia, they have built over 5,000 apartments, and in Germany, they have developed around 300,000 square meters of residential and commercial properties in the shell construction system, below are their projects:

• Botinec

• Poljanice

Properties for Sale: 5+

Customer Review: 4.1 / 5

The total revenue in 2023: € 9,19 mil.

Residential Construction Growth in Croatia 

Rental yields in Croatia offer moderate returns, with an overall average gross rental yield of 4.59% in Q2 2023, according to research by the Global Property Guide (August 2023). Here is the statistics for major cities in Croatia:

• Zagreb (Capital of Croatia): Gross rental yields for apartments ranged from 3.39% to 6.3%, with an average of 4.89%

• Rijeka: Apartment rental yields varied between 4.35% and 4.9%, averaging 4.62%

• Split: Apartment yields ranged from 3.63% to 4.45%, with an average of 4.1%

• Osijek: Gross rental yields for apartments ranged from 4.37% to 5.27%, with an average of 4.75%

The tables below provide an overview of the growth in residential construction, highlighting the number of completed dwellings, the corresponding floor areas, and the issuance of building permits during the specified periods. This breakdown offers a clear insight into the dynamic expansion of the housing sector, showcasing significant year-over-year increases across various categories.

Building Permits Issued

Next Steps for Purchasing Property in Croatia with Kredium Support

Based on the statistics presented, it is clear that the residential construction sector in Croatia is experiencing substantial growth. The significant year-on-year increases in both the number of dwelling completions and the total floor area indicate a robust demand for housing. In particular, one-room and two-room dwellings have seen remarkable growth, suggesting a shift in buyer preferences towards smaller, more manageable living spaces.

In conclusion, the provided list of developers highlights the dynamic and evolving landscape of the Croatian real estate market. These developers play a crucial role in shaping the residential and commercial sectors, responding to the growing demand for high-quality properties. Their diverse portfolios and commitment to innovation indicate a promising future for construction and investment opportunities.

If you are looking for real estate in Croatia, Kredium can help you find the right property as well as assist you in obtaining a mortgage for your purchase in Croatia as a foreigner. Feel free to register today, and we’ll help you in your way of finding your dream home in Croatia.

Photo Credits | Pexels