Prices of residential properties in the third quarter of last year increased by 0.3 percent compared to the previous quarter, while compared to the third quarter of 2022, they jumped by 10.9 percent, according to DZS data, and Eurostat data shows that this Croatian year-on-year growth is the highest in the entire European Union.
New residential properties increased on average by 2.5 percent compared to the previous quarter, and by 12.3 percent compared to the third quarter of 2022.
Prices of existing residential properties were 0.1 percent lower on a quarterly basis, but 10.6 percent higher year-on-year.
In the third quarter of 2023, compared to the second quarter of the same year, prices of residential properties in the City of Zagreb were on average 2.4 percent higher, while they were 1.4 percent lower for the Adriatic, and 1.9 percent lower for other areas.
On a year-on-year basis, prices of residential properties in Zagreb increased by 12.1 percent, the growth on the Adriatic was 8.2 percent, while in other areas, prices of residential properties in the third quarter of last year compared to the same quarter of 2022 were on average 16.5 percent higher, according to DZS data.
Eurostat data shows that Croatia’s year-on-year growth in residential property prices in last year’s third quarter (July, August, September) is the highest in the European Union. Following Croatia in year-on-year price growth are Poland with 9.3 and Bulgaria with 9.2 percent.
Overall, prices of residential properties in the EU in last year’s third quarter fell by one percent year-on-year, and in the eurozone by 2.1 percent.
