The mortgage market in Croatia is showing stable activity thanks to government programs, favorable conditions offered by banks, and steady demand from both citizens and foreigners.
Since 2017, the SSK (Subvencioniranje stambenih kredita) mortgage subsidy has been in effect, whereby the state compensates up to 50% of the monthly annuity for the first five years on loans of up to €100,000 issued to first-time residents. Pilot assessments show that these measures have led to an increase in housing prices, especially in large cities.
Terms and conditions of mortgage programs at banks
HPB (Hrvatska poštanska banka):
Fixed rate from 2.89%, APR (effective) — 3.00%, term up to 30 years. No property appraisal costs.
OTP banka:
Rate 4.69%, APR 4.93%, term up to 20 years, amount up to €200,000.
Agram Banka:
For new customers, the APR is 5.49% for a 20-year loan (example — €50,000).
Podravska banka:
Fixed rate of 5.90%, APR — 6.15%, no issuance fee.
Conditions for foreigners
Citizens of the EU, Switzerland, Iceland, Norway, and Liechtenstein can obtain a mortgage on the same terms as Croatians. For non-residents, LTV is 50–70%, with state control over the project; a residence permit or long-term stay may be required.
History of rates: from 2017 to 2025
2017–2019: rates were fixed below 3%, especially in HPB, thanks to subsidies and other benefits.
2020–2022: rates rose gradually in line with Eurobonds and monetary easing, reaching 4–5%.
2023–2025: current rates are fixed at 2.9–5.9%, ECA — 3–6%, reflecting tight credit conditions.
The Croatian mortgage market combines state support (SSK), a wide range of offers from banks, and accessibility for foreign buyers, especially from the EU. As a result, potential borrowers can expect rates ranging from 2.9% to 6%, fixed for the entire term of the loan, which is 20 to 30 years.
Source: http://relocation.com.ua/mortgages-in-croatia-overview-of-conditions-and-trends/
An elevator that will be able to store up to 30,000 tons of grain at a time, as well as a dry port, will be built in the Lviv region, according to Maksym Kozytskyi, head of the Lviv Regional Military Administration.
“This is the beginning of a large-scale project that includes hundreds of grain storage facilities throughout Ukraine, a network of dry ports, modern logistics hubs, deep processing plants, bioclusters, new export opportunities, and technological upgrades for the agricultural sector,” he wrote on his Facebook page.
A memorandum of cooperation was signed by the Lviv Regional State Administration, the Lviv Regional Council, the Belz City Council, and AgHoldCo, which, with the support of the UAF Partners investment fund, will finance 80-85% of the project’s cost. The Danish State Export Agency EIFO is also expected to contribute to the financing, thanks to which AgHoldCo intends to secure a $12 million loan for the construction of each elevator.
The contribution of the Belz community is estimated at no less than $3 million for each of the subprojects. This assistance will also include the selection and allocation of land plots, connection of the facility to engineering networks, and tax incentives.
The head of the Lviv Regional State Administration expressed confidence that the construction of the elevator and dry port in the region will provide jobs, help reduce grain transportation costs, and strengthen food security in the Lviv region. In addition, it will be easier for small and medium-sized farms to store grain.
On June 6, PJSC Ukrhydroenergo announced a tender for voluntary motor vehicle insurance (CASCO) for its subsidiaries (Kiev Hydroelectric Power Plant Cascade and Pumped Storage Power Plant), according to the Prozorro electronic public procurement system.
The expected cost of the insurance purchase is UAH 344,857 thousand.
The deadline for submitting tender documents is June 16.
Ukrhydroenergo operates all large hydroelectric power plants located on the Ukrainian sections of the Dnieper and Dniester rivers. The total installed electric capacity of the power company’s hydroelectric power plants is 5,744.8 MW.
PJSC Kryukiv Railway Car Building Works (KVZ, Kremenchuk, Poltava region) will supply Ukrzaliznytsia with 95 sleeping compartment cars, including 88 compartment sleeping cars with a conductor’s compartment (KUP) and seven sleeping cars equipped for transporting persons in wheelchairs and with a train conductor’s compartment (KUPI).
According to information in Prozorro, the relevant contract was signed by the parties on June 6 following a tender for a total amount of UAH 4 billion 475 million 367 thousand without VAT (0.003% less than the expected price).
According to the contract, the price of one KUP car is UAH 46.895 million (excluding VAT) and UAH 56.27 million including VAT, and the price of one KUPI car is UAH 49.800 million (UAH 59.76 million).
The total price of the contract with VAT is 5 billion 370 million 440.4 thousand UAH. The terms provide for an advance payment of 58% within 14 working days from the date of receipt of the application from Ukrzaliznytsia.
According to the publication “Nashi Hroshi,” the new price of compartment cars in dollar terms is the highest in recent years, but it acknowledges that the increase in the currency price is to some extent related to changes in the cars themselves.
The delivery date for the cars is no later than December 31, 2028.
As reported, following the results of a tender in the fall of 2023, Ukrzaliznytsia signed a contract with KVBZ for the manufacture of 44 passenger cars (including 9 second-class cars) for UAH 1.951 billion (including VAT) with delivery by December 31, 2025.
In December of the same year, Ukrzaliznytsia signed a contract with KVBZ for the supply of 22 new passenger cars for UAH 980.45 million (including VAT) by June 30, 2026.
By spring 2023, KVBZ completed the order from Ukrzaliznytsia for the delivery of 100 passenger cars under a 2021 contract worth over UAH 3 billion.
KVZ manufactures passenger and freight cars, regional diesel trains, high-speed interregional trains with locomotive traction, spare parts, and bogies for freight cars.
In 2024, the plant sold 1,096 freight cars, which is almost 10% more than sales in pre-war 2021. The first 15 passenger cars were also delivered to Ukrzaliznytsia under contracts for 66 units. Net profit amounted to UAH 81.08 million, compared to a loss of UAH 143.76 million in 2023.
According to the ranking of the largest employers in Ukraine by region, compiled by OpenDataBot based on companies’ financial reports, Khersonoblenergo JSC, the key electricity distribution operator in the region, has been recognized as the largest employer in the Kherson region.
JSC “Khersonoblenergo” performs a strategic function of supplying electricity to households and enterprises in the Kherson region, including frontline and temporarily occupied territories. As of the end of 2023, the company employed approximately 1,500 people.
Brief information about the company:
Full name: Joint Stock Company “Khersonoblenergo”
Field of activity: electricity distribution and supply
Head office: Kherson
Number of employees: approximately 1,500
Ownership: state-owned shares managed by the State Property Fund of Ukraine
Infrastructure: dozens of substations, hundreds of kilometers of power lines, emergency repair crews
