ZAGREB, April 12, 2018 - Residential property prices in Croatia increased by 3.2% in the fourth quarter of 2017 compared with the previous quarter and by 7.6% in comparison with the fourth quarter of 2016, according to figures from the National Bureau of Statistics (DZS).
Newly-built residential properties increased in prices by an average of 1% in relation to the third quarter of 2017 and 4.1% in relation to the fourth of 2016. Prices of the existing residential properties rose by 3.6% on average compared with the third quarter of 2017 and by 8.3% against the fourth quarter of 2016.
In the fourth quarter of last year compared with the third quarter, residential property prices were up 3.8% in Zagreb, while in the Adriatic region they were up 3% and elsewhere in the country 2.1%.
House prices, as measured by the House Price Index, rose by 4.2% in the euro area and by 4.5% in the EU in the fourth quarter of 2017 compared with the same quarter of the previous year, according to figures come from Eurostat, the statistical office of the European Union.
Compared with the third quarter of 2017, house prices rose by 0.9% in the euro area and by 0.7% in the EU in the fourth quarter of 2017.
Among the member states for which data are available, the highest annual increases in house prices in the fourth quarter of 2017 were recorded in Ireland (+11.8%), Portugal (+10.5%) and Slovenia (+10.0%), while prices fell in Italy (-0.3%).
Compared with the previous quarter, the highest increases were recorded in Slovenia (+3.7%), Croatia (+3.2%) and Cyprus (+2.7%), while decreases were observed in Sweden (-2.8%), Denmark (-1.7%), Belgium (-0.4%) and Finland (-0.3%).
