Real estate prices in Croatia down in Q2, up year-on-year

Croatia was among EU countries that reported the biggest drop in real estate prices in the second quarter of 2016 as against Q1, show data provided by the EU's statistical office Eurostat.

In the April-June period, prices of real estate in Croatia dropped by 0.9% compared to the first three months of this year, when they grew 1.2%.

Cyprus was in the same group as Croatia, with the same drop in retail prices (0.9%). Prices of real estate in Italy slid by 0.4% and in Hungary by 0.2%.

Prices of real estate increased the most in Latvia (6.6%), Estonia, Lithuania and Portugal (3.1%), and Great Britain (3%).

At the EU level, prices of real estate in Q2 grew by 1.6%, after rising 0.7% in Q1.

In the euro area, prices of real estate grew at a somewhat more modest rate, of 1.4%. In Q1 they grew by 0.5%.

Year-on-year, prices of real estate in Croatia in Q2 grew 1.2%.

Prices of real estate increased the most on the year in Hungary and Latvia (10.3%), Austria (9%), Great Britain (8.8%) and Sweden (8.7%).

Last update: Thu, 13/10/2016 - 11:45

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