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Croatian property prices rise above EU average in Q2

Croatian property prices

Prices in Q2 rise above EU average

ZAGREB, Oct 7 (Hina) – Croatia is one of the European Union member-states with the highest property price rise in the second quarter of 2020 compared to the corresponding quarter in 2019, according to a report provided by Eurostat on Wednesday.

“In the second quarter of 2020, marked by COVID-19 containment measures in most Member States, house prices, as measured by the House Price Index, rose by 5.0% in the euro area and by 5.2% in the EU compared with the same quarter of the previous year,” Eurostat says.

“Compared with the first quarter of 2020, house prices rose by 1.7% in the euro area and 1.5% in the EU in the second quarter of 2020.”

In Croatia, house prices rose 9.1% in 2020 Q2 on the year, and they went up 1.8% quarter on quarter.

“Among the Member States for which data are available, the highest annual increases in house prices in the second quarter of 2020 were recorded in Luxembourg (+13.3%), Poland (+10.9%) and Slovakia (+9.7%),” says Eurostat, adding that prices fell in Hungary (-5.6%) and Cyprus (-2.9%) in Q2 on the year.

Compared with the previous quarter, the highest increases were recorded in Luxembourg (+4.4%), Italy (+3.1%) and Austria (+2.5%), while decreases were observed in Hungary (-7.4%), Estonia (-5.8%), Latvia (-2.3%), Bulgaria (-1.1%) and Ireland (-0.1%).

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