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Croatian Property Prices Fall the Most in the EU

CroatiaResidential property prices, measured by the HPI index, fell by 2.2 percent in the eurozone and 1.3 percent in the European Union in the second quarter of this year, compared with the same period last year, announced Eurostat, the statistical office of the European Union, on Thursday.

Compared to the first quarter of 2013, prices in the second quarter increased by 0.3 percent in the eurozone and 0.4 percent in the European Union. Among the Member States for which data was available, the highest rise in residential property prices in the second quarter of 2013 was registered in Latvia (8.8%), Estonia (8.1%) and Luxembourg (5.1%), while the largest falls were recorded in Croatia (-19.7%), Spain (-10.6%) and the Netherlands (-7.5%).

The largest quarterly increase in the second quarter of 2013 was recorded in Latvia (5.1%), Estonia (3.7%) and Denmark (3.1%), with the largest decline in Croatia (-6.5%), the Netherlands (- 2.0%) and Hungary (-0.9%).

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