The drop in price over the last 12 months is the greatest of all the EU countries. On an EU level, house prices rose 1% in the first quarter of the year, the first rise since the middle of 2011. Real Estate prices in Croatia have been on a downward spiral since the start of 2012, with the only period of growth, albeit just 0.2%, recorded in the last quarter of 2013. Prices in Croatia fell by double-digit numbers, with the biggest fall,
19.6%, in the second quarter of 2013.
Behind Croatia’s fall in prices of 9.7% is Slovenia where prices fell 6.6% in the first quarter of this year, followed by Cyprus (-5.7%). The biggest rise in prices was recorded in Estonia, where prices rose 17.5% in the first quarter of 2014 compared to the same period last year.