The prices of the apartments in the EU and the euro zone have greatly increased, while in Croatia their growth is above the European average, according to a report by the European statistical institute Eurostat, which published the Hrportfolio.
Annually, real estate prices in the EU rose by 10.5% in the first three months of this year, which is the highest since the end of 2006. At the end of 2021, they rose by 10.1%
In the euro zone, prices rose 9.8% in the first quarter, the sharpest after Eurostat began publishing data in 2005. They rose 9.4% in the final quartal of last year.
All EU countries whose data were available to Eurostat, recorded annual price growth in the first quarter, in 17 of them the growth was in double digits.
The price of the residential real estate in the Czech Republic increased by 24.7%. Followed by Estonia with 21% and Hungary with 20.6%.
The prices of the residential real estate in Croatia in the first quarter of this year are higher by 13.5% than in the same period last year. In the previous quarter, they grew by 9.1% annually.
Cyprus had the most modest price growth at 1.1%. Followed by Finland and Italy, where real estate prices rose by 4.3% and 4.6% respectively. Eurostat does not have data for Greece.
All member-states recorded price increase at the three-month level, and the strongest being in Estonia, where they rose by 7.1%. Followed by Hungary and Bulgaria with increases in real estate prices of 6.7 and 5.2 respectively.
The mildest growth in real estate prices on a quarterly basis is in Malta at 0.4%. Cyprus and Germany follow with an increase of 0.5 and 0.8% respectively
Source: Factor