Southeastern Europe: Property Market Clashes

Professional Services › Real Estate ♦ Published: October 10, 2013; 21:12 ♦ (Vindobona)

Since mid-2012, the property market in Southeastern Europe shrinks drastically. In Croatia, house prices fell by 20%.

Southeastern Europe: Property Market Clashes / Picture: © Vindobona.org

 

House prices, as measured by the House Price Index1 (HPI), fell by 2.2% in the euro area and by 1.3% in the EU3 in the second quarter of 2013 compared with the same quarter of the previous year, according to data published by Eurostat, the statistical office of the European Union.

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