Home House Prices Worldwide
House price changes in Croatia
Last updated: September, 06, 2015
a1. House price change
a2. % change over a year earlier
a3. Croatia, Zagreb
Centar Nekretnina, Croatia’s leading real estate portal, has published a property price index every month since May 2006, based on real estate asking prices, derived from ads published on their website in the current month.
The Croatian Bureau of Statistics of the Republic of Croatia also releases a semi-annual price index of new dwellings sold, as well as corresponding average prices. There are data for the whole country and for the capital, Zagreb.
a8. Property price index, non-seasonally adjusted (2010 = 100)
a9. Croatia, Zagreb
a10. Source: Croatian National Bank
Quarterly Change in house prices
Q1 Q2 Q3 Q4 2015 -2.76 2.44
2014 -2.72 0.59 4.73 -1.25
2013 -7.75 -6.49 -0.77 0.03
2012 4.24 -1.60 -3.95 -2.80
2011 -2.45 -0.03 -0.52 1.35
2010 -4.03 -2.74 -5.02 2.70
2009 -3.14 -0.26 -1.71 0.80
2008 2.16 -0.93 0.07 0.55
2007 7.15 0.49 -0.29 2.48
2006 11.75 -2.37 8.08 0.53
2005 2.63 1.35 1.28 2.70
2004 8.10 5.86 2.56 4.27
2003 3.55 0.46 9.16 -10.50
This table shows the change in house prices during a single quarter.
The figures are not adjusted for inflation, so may overstate house price rises (or understate declines).
Four quarter's house price changes may NOT sum to the annual (year-on-year) change in house prices, for statistical reasons.
Your Guide to House Price Statistics
Adjusting for inflation
Most agents overstates the upward movement in house prices. That's because their house price figures are gross, i.e., not adjusted for inflation. If house prices have risen by 5% during the past year, but inflation has been 5%, the
real increase in the value of the house has been zero.
That's why our second graph shows house price changes both
nominal and real.
Nominal house price changes = the figures published by most official statistical sources.
Real house price changes = house price changes after adjusting for inflation.
House price statistics elsewhere
We generally use Central Bank or National Stattistical Institute data. But occassionally, we use data generated by realtors (Colliers for the Philippines) or other data - Japan generates no dwelling price stattistics, so we use land prices as a proxy for dwellings prices.
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