In the third quarter of 2020, Croatia also recorded an increase in real estate prices on an annual basis above the EU average, but it was also among the four countries in which they fell compared to the previous quarter, according to a Eurostat report.
Residential property prices in the European Union, measured by the corresponding index, rose 5.2 percent in the third quarter compared to the same period a year earlier, according to a report by the European Statistical Office, published on Thursday.
Eurozone average 4.6% The same percentage growth was recorded in the second quarter.
In the euro area, residential property prices rose 4.9 percent at the same time, as in the second quarter, according to a slightly lower revised percentage, according to the latest data. Among the EU countries whose data were available to Eurostat, residential property prices rose the most again in the third quarter of last year in Luxembourg, by 13.6 percent, and in Poland, by 10.9 percent. It is followed by Austria with a price increase of 8.9 percent. In Croatia, residential real estate prices in the third quarter of 2020 increased by 6.9 percent compared to the same period a year earlier. They rose 8.3 percent in the second quarter and 9.1 percent in the first three months of last year.
In the third quarter of 2020, only Cyprus and Ireland recorded a decline in residential real estate prices on an annual basis, by 1.4 and 0.8 percent, respectively. Eurostat did not only have data for Greece. Croatia in the company of Cyprus, Italy and Romania
Compared to the previous three months, housing prices in the EU rose 1.4 percent in the third quarter of last year, as well as in the second quarter, according to a slightly downward revised percentage. They were 1.3 percent higher in the eurozone than in the previous three months, when they rose 1.6 percent, which also slightly revised Eurostat's first estimate. Among EU countries, according to available Eurostat data, residential real estate prices in Hungary rose the most between July and September 2020, by 5.2 percent, according to a provisional, largely unreliable estimate, according to the statistical office.
Denmark and Latvia follow, with prices up 4.2 and 3.7 percent, respectively, from the previous quarter.
In Croatia, residential real estate prices fell by 0.6 percent in the third quarter of 2020, compared to the previous three months, for the first time in just over two years. They rose 1.8 percent in the second quarter and 2.7 percent in the first, according to a Eurostat report.
In the group of countries with falling real estate prices are still Cyprus, with falling prices by 4.8 percent, and Romania and Italy, where they decreased by 2.6 and 2.5 percent, respectively, compared to the previous three months, according to a statement from the statistical office. office.
Source: Novi list