Home prices in Croatia grew 10.4% in Q2 (Photo:Vjeran Zganec Rogulja/PIXSELL) Home prices in Croatia grew 10.4% in Q2 (Photo:Vjeran Zganec Rogulja/PIXSELL)

Home prices in Croatia grew 10.4% in Q2 compared to the same period a year ago. The rise in home prices picked up further year-on-year, after a 7.4% increase in the first three months of 2019.

An even more marked increase in house prices was reported by Hungary, +14%, and Luxembourg, +11.4%. In Portugal, home prices grew by 10.1%.

According to available data, a year-on-year decrease in prices was reported only by Italy, 0.2%.

Home prices, as measured by the House Price Index, rose by 4.2% in both the euro area and EU-wide in the second quarter of 2019 from a year ago.

Compared with the previous quarter, prices increased in all member states for which data was available. The highest increases were recorded in Latvia (+5.6%), Luxembourg (+5.1%) and Cyprus (+4.2%).

In Croatia, prices in Q2 grew by 2.6% compared to Q1, when they increased 3.5%.

None of the countries reported a quarterly decrease in prices.

EU-wide, home prices in Q2 grew by 1.6% from Q1, when they grew by 0.4% according to revised data.

The quarterly increase in prices was even greater in the euro area, 1.7%, against the modest 0.3% bump in Q1.

Source: HINA