According to a report from the European Statistical office in 2016 Croatia was among the EU countries with the most expressive decline in house prices on a quarterly basis, whilst in general the EU recorded a fast growth in property prices.
House prices in Croatia, measured by the index of house prices, declined in the fourth quarter of 2016 by 0.6 percent in comparison to the previous three months when they rose by 1 percent.
The report also showed that apart from Croatia, the biggest decline in house prices was recorded in Denmark (1.5%) and Belgium (0.4%).
On the other hand, the biggest increase in house prices in the fourth quarter of 2016 compared to the previous three months, was recorded in Malta (6%), the Czech Republic (4.7%), and Cyprus (3.1%), said the report.
On the level of the European Union and the Eurozone, house prices rose in the last three months in 2016 by 0.8 percent. This was an indicator of an accelerated growth in comparison to the previous three months when the EU recorded an increase of 1.4 percent, whilst the Eurozone recorded an increase of 1.3 percent.