Housing Index in Croatia increased to 214.18 points in the first quarter of 2025 from 205.01 points in the fourth quarter of 2024. This dataset provides - Croatia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for Croatia (QHRN628BIS) from Q1 1997 to Q4 2024 about Croatia, residential, HPI, housing, price index, indexes, and price.

Key information about House Prices Growth

• Croatia house prices grew 1.8% YoY in Dec 2023, following an increase of 4.1% YoY in the previous half a year.
• YoY growth data is updated half a yearly, available from Jun 1996 to Dec 2023, with an average growth rate of 3.5%.
• House price data reached an all-time high of 25.8% in Dec 2007 and a record low of -12.6% in Jun 2010.

CEIC calculates Houses Price Growth from semiannual Average Price of New Dwellings per Square Meter. Croatian Bureau of Statistics provides Average Price of New Dwellings per Square Meter in EUR. Houses Price Growth prior to H1 2023 is calculated from Average Price of New Dwellings per Square Meter in local currency.

Croatia - House price index was 13.10% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Croatia - House price index - last updated from the EUROSTAT on July of 2025. Historically, Croatia - House price index reached a record high of 17.30% in December of 2022 and a record low of -8.60% in March of 2010.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

The number of housing units completed in Croatia increased between 2016 and 2023. In 2023, roughly 16,550 housing units were completed, which was nearly 700 units higher compared to the previous year. Housing completions peaked in 2007, but the figures plummeted in the years after that.

Residential Property Prices in Croatia increased 10.10 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Croatia Residential Property Prices.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Croatia (CP0410HRM086NEST) from Jan 1998 to Jun 2025 about Croatia, harmonized, rent, CPI, housing, price index, indexes, and price.

Croatia - Housing cost overburden rate: Tenant, rent at market price was 29.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Croatia - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Croatia - Housing cost overburden rate: Tenant, rent at market price reached a record high of 51.80% in December of 2010 and a record low of 19.50% in December of 2021.

Real residential property prices Y-on-Y, percent change in Croatia, December, 2024 The most recent value is 7.08 percent as of Q4 2024, a decline compared to the previous value of 10.22 percent. Historically, the average for Croatia from Q1 1998 to Q4 2024 is 2.27 percent. The minimum of -13.73 percent was recorded in Q4 2000, while the maximum of 18.85 percent was reached in Q4 2003. | TheGlobalEconomy.com

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Typically, estate agents can earn income via fees and commissions charged to clients, which allows them to protect their operating profit margin from property price fluctuations. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated rise of 1.2% in 2025 to €207.6billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this have started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

Graph and download economic data for Harmonized Index of Consumer Prices: Services Related to Housing for Croatia (SERVHOHRM086NEST) from Jan 1998 to May 2025 about Croatia, harmonized, services, CPI, housing, price index, indexes, and price.

Croatia House Price Index: Real: sa data was reported at 141.815 2015=100 in 2023. This records an increase from the previous number of 137.614 2015=100 for 2022. Croatia House Price Index: Real: sa data is updated yearly, averaging 117.917 2015=100 from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 141.815 2015=100 in 2023 and a record low of 100.000 2015=100 in 2015. Croatia House Price Index: Real: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Croatia – Table HR.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual. Nominal house prices deflated using the private consumption deflator from the national account statistics. More information on the nominal house prices are available on the nominal house price indicators selection.

The price of residential real estate increased in most countries in the European Union in the fourth quarter of 2023. Prices rose the most in Poland, Bulgaria, and Croatia. Nevertheless, many of the largest markets saw prices decline. In Germany, the house price index fell by *** percent from the same period a year ago. According to the aggregate house price index for the EU, prices mostly stabilized after a brief drop in the second half of 2022.

Croatia - Severe housing deprivation rate: Tenant, rent at market price was 2.50% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Croatia - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Croatia - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 28.90% in December of 2011 and a record low of 2.50% in December of 2023.

In 2024, the average apartment rent in Croatia ranged between ** and ** euros per square meter. The county with the highest rents was Split-Dalmatia, where renting an apartment cost on average ** euros per square meter. In Croatia, less than ** percent of households lived in rented housing. Nevertheless, the rental market has been growing in recent years, with rent prices rising faster than the average in the euro area.

Croatia - Harmonised index of consumer prices (HICP): Actual rentals for housing was 127.32 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Croatia - Harmonised index of consumer prices (HICP): Actual rentals for housing - last updated from the EUROSTAT on July of 2025. Historically, Croatia - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 128.79 points in January of 2025 and a record low of 46.50 points in January of 1998.

Graph and download economic data for Harmonized Index of Consumer Prices: Housing, Water, Electricity, Gas and Other Fuels for Croatia (CP0400HRM086NEST) from Jan 1998 to Jun 2025 about Croatia, water, fuels, electricity, harmonized, gas, CPI, housing, price index, indexes, and price.

Croatia - Harmonised index of consumer prices (HICP): Services related to housing was 133.69 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Croatia - Harmonised index of consumer prices (HICP): Services related to housing - last updated from the EUROSTAT on June of 2025. Historically, Croatia - Harmonised index of consumer prices (HICP): Services related to housing reached a record high of 133.90 points in March of 2025 and a record low of 49.48 points in January of 1998.