"The global house price boom continues to gather strength during the year to the third quarter of 2013, based on the latest survey of house price statistics conducted by the Global Property Guide."
"Using inflation-adjusted figures, the Global Property Guide's survey reveals that house prices rose in 28 of 41 housing markets which have so far published housing statistics. The more upbeat nominal figures, which are more familiar to the public, showed house prices rising in 32 countries, and falling in only 9 countries."
As for Croatia, GBT said the economic downturn continued. "So does the contraction of its housing market. But like Portugal, Croatia's market is two speed. Most of Croatia is depressed, with falling property prices. Then there is the Adriatic Coast, of which foreigners cannot get enough."
"In Croatia's capital, Zagreb, the average asking price of flats fell by 5.5% during the year to September 2013, to EUR1,593 per sq. m., according to property portal CentarNekretnina. When adjusted for inflation, asking prices have declined by 6.6%."
"Smaller price drops were experienced on the Adriatic Coast, with the average asking price of flats declining by 3.3% during the year to September 2013, to EUR1,581 per sq. m."
Property prices in Croatia have been falling for the past four years, GBT reports.
In 2009, the national property price index fell by 4.8% y-o-y (-6.5% in real terms).
In 2010, the index fell by another 4.8% (-6.5% in real terms). In 2011, the national property price index fell by 1.3% (-3.3% in real terms). In 2012, the national property price index fell by 3.1%
According to the report, recovery continues in Europe.
"In Tallinn, Estonia, the average purchase price of dwellings in Tallinn surged 12.46% year-on-year in Q3 2013, in sharp contrast with the annual drop of 0.86% in the same period last year. In Germany, house prices soared by 9.61% in Q3 2013 from the previous year, up from an annual growth rate of 3.5% in Q2 2013, and an annual decline of 3.32% in Q1 2013. Other strong European housing markets included Denmark, with house prices rising by 6.53% during the year to Q3 2013, Warsaw, Poland (5.13%), Turkey (4.65%), Kiev, Ukraine (3.54%), Switzerland (3.46%), Ireland (3.45%), and Sweden (3.05%). All, except Turkey, showed better performance during the year to Q3 2013. In addition, some European countries saw their house price falls decelerate sharply in Q3 2013 compared to the same period last year. These countries included Bulgaria (-0.21%), Finland (-0.24%), Portugal (-1.55%), Slovak Republic (-2.87%), Netherlands (-4.87%), Zagreb, Croatia (-6.56%), Romania (-7.15%), Greece (-8.85%), and Spain (-9.46%)."