Šibenik

Investment summary

At a baseline of roughly €3,300/m² — meaningfully below Split and Dubrovnik — Šibenik represents a value-entry point on a coast that has appreciated approximately 55% over five years. Realistic gross STR yields sit around 4–5%, constrained by Croatia's strongly seasonal demand pattern (peak July–August occupancy ~68%; annual average ~37%), but well-managed operators targeting the nautical and cultural visitor can optimise shoulder-season occupancy and push closer to 5–6%. The county attracted 6.6 million overnight stays in 2024 and continues to benefit from an active marina upgrade, growing international visibility, and continued infrastructure investment. Capital gains tax of 24% and a 3% transfer tax on resales are the primary exit costs to underwrite. Upside is anchored in the ongoing regional price convergence with higher-priced Dalmatian markets, growing demand from German, Austrian and broader EU buyers, and the city's unique authenticity premium in an increasingly commoditised coastal market.