Croatian real estate market stabilizes

Posted on January 31, 2012

0


According to the latest research of the Global Property Guide, Croatia’s real estate market stabilized in the third quarter of the year. In Q3 home prices adjusted for inflation were increased by 0.3 percent compared with Q2, when they were reduced by 1.75 percent.

Year-on-year, home prices were down by 4.59 percent in Q3, after having dropped 6.55 percent in Q2. In Q3 2010, the prices slid 5.53 percent y/y. This way, Croatia joined the group of countries in which the annual drop of retail prices was slowed down.

Nominal home prices in Croatia dropped by 0.35 percent in Q3, versus Q2 when they slid 0.81 percent. Year-on-year, they shrank by 2.62 percent, (-4.4 percent in Q2).

5.12.2011 | Author/Source PressCut – (Business.hr)

Posted in: Finance, Real estate