Croatia was among the EU countries with the most marked increases in housing prices in the second quarter of 2019, compared to the same period last year and these prices increases were more than two times higher than the European average, according to data released on Monday by the EU’s statistics office Eurostat.
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.
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