In the second quarter of this year, Croatia ranked among the European Union countries with the largest decline in residential property prices compared to the first quarter, while prices increased on an annual basis, according to Eurostat data.
From April to June, residential property prices in Croatia fell by 0.9 percent compared to the previous three months, when they increased by 1.2 percent. Cyprus was in the same group as Croatia, where property prices, according to Eurostat data, also fell by 0.9 percent. In Italy, they slid by 0.4 percent, and in Hungary by 0.2 percent.
On the other hand, residential property prices in Latvia increased the most on a quarterly basis, by 6.6 percent, followed by Estonia, Lithuania, and Portugal – by 3.1 percent – and the United Kingdom, by 3 percent, the European statistical office reported on Wednesday.
At the level of the European Union, residential property prices increased by 1.6 percent in the second quarter of this year, after rising by 0.7 percent in the first quarter.
The Eurozone recorded a somewhat modest increase in property prices, by 1.4 percent compared to the previous three months when, according to revised Eurostat data, they rose by 0.5 percent.
