The growth of residential property prices, which has been present since 2016, thus continued in 2020 as well, but it slowed down compared to 2019, when home prices grew 9% from 2018.
Residential property prices in Zagreb in 2020 were 8.5% higher on average than in 2019, on the coast they were 6.3% higher and in other parts of the country they were 10% higher than in 2019.
Measured by the house price index, residential property prices in Q4 2020 were 6.4% higher on average than in Q4 2019.
Year-on-year, home prices in Zagreb were 5.9% up, on the coast they were 6% higher and in other parts of the country they were 8.9% higher.
In Q4 2020 home prices were 2.5% higher on average than in Q3 2020.
Prices of new homes dropped by 2% while prices of previously owned homes went up 3.1%.
In Q4 2020 home prices in Zagreb were 3.1% up from Q3, they were 0.6% higher on the coast and in other parts of the country they were 5.4% higher than in Q3.