Home » Business » Housing Loans Drop in Croatia

Housing Loans Drop in Croatia

CroatiaCroatians now owe the banks 170 million euros less for mortgage loans than they owned last year, according to recent statistics…

Total bank loans in November totalled 287.4 billion kuna (37 billion EUR), a drop of 0.9% from the previous month, and 0.5% on a yearly level… Mortgage loans, which make up 44% of the total credit, totalled 127.6 billion kuna (17 billion EUR), a fall of 0.8% from October, and 2% less than the previous year.  The decline in housing loans on an annual basis has been steady, and in November it had  decreased by around 1.3 billion kuna (170 billion EUR).

While bank loans had decreased on a monthly basis, loans to the central government on an annual basis rose by 6 billion kuna (785 billion EUR).

Share on:
0 / 5 (0 votes)

Related Posts

Andrea Bocelli Confirms Zagreb Concert

Famous Italian tenor and singer-songwriter Andrea Bocelli has confirmed he will perform a concert in the Croatian capital Zagreb next year. Bocelli, who became blind at the age of twelve following a football accident, will perform at Zagreb’s Arena on 10 March 2018. The concert, which will mark International Women’s Day, will be Bocelli’s fourth...

Pelješac Peninsula: 10 Things to Check Out

By Iva Ralica Pelješac, the second largest Croatian peninsula with a rich history dating back to the 7th century, stretches along the southern coast. Small hills and valleys are rich in vineyards and olive trees, which together with lemon and orange trees, create a perfect Mediterranean paradise. There is so much to see and do...

[PHOTOS] Bunker-Style Holiday Home Project on Croatian Island

A bunker-style holiday home on the Croatian island of Pag is set to be a new architectural attraction. Architect studio SODA Arhitekti is behind the new project which is located on a plot of land outside the residential zone on the island of Pag and will be used for rural tourism accommodation. No date of...

15 Odd World Records You Didn’t Know Croatia Holds

The Guinness Book of World Records lists world records both of human achievements and the extremes of the natural world. The Guinness World Records have become the primary international authority on the cataloging and verification of a huge number of world records. There have been over 25 records broken by Croatians or in Croatia, according...

The E-Boutique Promoting Croatian Designed & Made Fashion Worldwide

An e-boutique, focusing on promoting Croatian designed and made fashion to customers worldwide, is proving to be a hit downunder. Working with small designers from all over Croatia who make something different, Uppermoda sell fashion accessories and specialize in different kinds of jewelry from necklaces made from nautical rope to large statement pieces great for...