Croatia records house price rise above EU average

ZAGREB, July 9 (Hina) – House prices in Croatia rose by 9.1% in the first quarter of 2020 compared with the same period of 2019, more than the European Union average, figures from the EU statistical office Eurostat show, while in the last quarter of 2019 they were 10.0% higher year on year.

Compared with the same quarter of the previous year, house prices rose by 5.5% in the EU and by 5.0% in the euro area in 2020 Q1. In the fourth quarter of 2019, they rose by 4.9% in the EU and by 4.5% in the euro area.

The largest annual increases were recorded in Luxembourg (+14.0%), Slovakia (+13.1%), Estonia (+11.5%), Poland (+11.3%) and Portugal (+10.3%), while prices only fell in Hungary (-1.2%).

Compared with the previous quarter, the highest increases were recorded in Portugal (+4.9%), Estonia (+4.8%) and Slovakia (+4.0%), while decreases were observed in Malta (-4.3%), Hungary (-1.1%), Ireland (-0.8%) and Belgium (-0.1%).

In Croatia, house prices in the first quarter of 2020 rose by 2.7% from the last quarter of 2019.