Our annual Zagreb Property Forum 2025 brought together leading real estate professionals to dissect the evolving investment landscape in Croatia, revealing a market brimming with potential and complexity. Moderated by Property Forum's Csanád Csürös, the first panel explored the nuanced dynamics of investment, financing, and market transformation.

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Albania's real estate market is making a growing contribution to the country's GDP, with performance across multiple sectors. The hospitality, office, and residential markets are driving this growth, while the retail and industrial sectors are experiencing steady expansion.

Croatia’s hotel sector continued to expand in the first half of 2025, supported by rising tourist arrivals and ongoing investment in hospitality infrastructure, according to CBRE’s latest market report.

CBRE has reported almost €1 billion in hotel transactions across Central and South-Eastern Europe over the past year, alongside around 20 operator search and selection processes, according to its Hotels CEE team. Notable transactions included the sale of Hilton Prague, one of the largest single-asset hotel deals recorded in the region.

SES Spar European Shopping Centers has started construction of S-Park Varaždin in northwest Croatia. The project, launched on August 18, 2025, will redevelop the historic site of the former Varteks textile factory into a modern retail park scheduled to open in 2027.

Martley Capital has sold two warehouse assets in Croatia from its Central European Value Add Fund (CEREF). The properties, Logistics Centre Vetel and Koledovcina 2, provide a total of 21,160 sqm GLA and are fully let to local and national tenants. The Vetel asset has a WALT to break of 3.3 years, while Koledovcina 2 has a WALT to break of 1.8 years. Both are located on the outskirts of Zagreb with good access to the city’s transport network.

MPC Properties has sold CBRE Immo Outlet Center in Belgrade to PFT Celanova for an undisclosed sum.

The residential real estate market in Belgrade is showing signs of renewed activity following a period of stagnation, with a noticeable uptick in the number of smaller-scale projects breaking ground across the city. A new report by Cordon offering a snapshot of pricing in some of the capital’s most popular neighbourhoods reveals both the resilience of investor confidence and the challenges still dampening momentum.

InterCapital Real Estate Fund, Croatia’s first open-end investment fund focused on commercial real estate, acquired a strategic ownership stake in City Center one Split from CC Real for an undisclosed sum.