Real estate prices in most of Europe rose strongly again in the last quarter of 2015 and in Croatia the growth was twice as strong as in the preceding quarter, a Global Property Guide survey shows.
European real estate markets recorded a boom at the end of last year as of the 10 global markets marking the strongest growth, six were from Europe, Global Property Guide underscored.
The highest price rise was recorded in Turkey with a rise in inflation-adapted prices in Q4 of 14.32% compared to Q4 2014 when prices increased by 11.88%.
"The world's housing markets are now two-tiered, with most of Europe and North America still experiencing strong house price rises while Asia and the Middle East are slowing sharply. The five strongest housing markets in our global survey for the full year 2015 were Turkey (+14.32%), Sweden (+12.34%), Qatar (+10.61%), China (+9.12%) and Romania (+7.74%)."
In Croatia inflation-adapted prices of real estate in Q4 in 2015 grew by 3.81% on the year when prices virtually stagnated recording a mere rise of 0.27%. The price of real estate in Q4 grew by 1.29% compared with Q3.
The lowest rise in real estate prices was recorded in Finland, Cyprus and Macedonia.