In the last quarter of 2015, Croatia was at the helm of a small group of European Union member-states that experienced a fall in real estate prices compared to the corresponding period in 2014, according to the latest figures provided by the EU statistical office, Eurostat.
In Q4 2015, the residential property price in Croatia, measured by the Eurostat House Price Index (HPI), decreased by 2.1% on the year. In Q3 2015, this fall was 3%.
Apart from Croatia, only Italy and Cyprus saw a year-on-year house price decline in Q4, of -0.9% and -0.6% respectively.
Prices of residential property saw the biggest annual rises in Sweden (14.2%), Hungary (10.3%) and Great Britain (7.1%), according to Eurostat.
"House prices, as measured by the House Price Index, rose by 2.9 % in the euro area and by 3.8% in the EU in the fourth quarter of 2015 compared with the same quarter of the previous year. Compared with the third quarter of 2015, house prices remained stable in the euro area and rose by 0.2% in the EU in the fourth quarter of 2015," Eurostat reports.
"The highest quarterly increases were recorded in Bulgaria (+3.1%), Latvia (+2.3%) and Sweden (+2.0%), and the largest falls in Cyprus (-4.2%), Lithuania (-2.1%) and Austria (-1.7%)."
Croatia saw a rise of 0.1% in house prices in Q4 2015 compared to Q3 2015.