Graph and download economic data for Residential Property Prices for Croatia (QHRN628BIS) from Q1 1997 to Q1 2025 about Croatia, residential, HPI, housing, price index, indexes, and price.

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.

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.

Graph and download economic data for Residential Property Prices for Croatia (QHRN368BIS) from Q1 1998 to Q4 2024 about Croatia, residential, housing, and price.

Residential Property Prices in Croatia increased 13.10 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Croatia Residential Property Prices.

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.

Real residential property prices Y-on-Y, percent change in Croatia, March, 2025 The most recent value is 9.13 percent as of Q1 2025, an increase compared to the previous value of 7.08 percent. Historically, the average for Croatia from Q1 1998 to Q1 2025 is 2.33 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

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

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 September 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.

Croatia - Selected residential property prices, Nominal, Year-on-year changes, in per cent

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, 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 over 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 (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has 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—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. 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.

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 September 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.

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.

The total value of property claims paid on the insurance market in Croatia has fluctuated from 2008 to 2020. In 2020, the total value of property claims paid out by the insurance providers in Croatia amounted to approximately 130 million euros, which was also the highest value recorded. The lowest value of property claims paid on the insurance market in Croatia was in 2015, at 78 million euros.

Croatia GDP: GVA: 1997p: Financial Intermediation and Real Estate data was reported at 6,040.000 HRK mn in Sep 2008. This records an increase from the previous number of 5,780.000 HRK mn for Jun 2008. Croatia GDP: GVA: 1997p: Financial Intermediation and Real Estate data is updated quarterly, averaging 4,198.000 HRK mn from Mar 1997 (Median) to Sep 2008, with 47 observations. The data reached an all-time high of 6,040.000 HRK mn in Sep 2008 and a record low of 3,552.000 HRK mn in Mar 1997. Croatia GDP: GVA: 1997p: Financial Intermediation and Real Estate data remains active status in CEIC and is reported by Croatian Bureau of Statistics. The data is categorized under Global Database’s Croatia – Table HR.A043: ESA 1995: GDP: by Industry: 1997 Price .

Croatia House Price Index: Nominal: sa data was reported at 203.453 2015=100 in Sep 2024. This records an increase from the previous number of 196.263 2015=100 for Jun 2024. Croatia House Price Index: Nominal: sa data is updated quarterly, averaging 110.655 2015=100 from Mar 2005 (Median) to Sep 2024, with 79 observations. The data reached an all-time high of 203.453 2015=100 in Sep 2024 and a record low of 79.028 2015=100 in Mar 2005. Croatia House Price Index: Nominal: 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: Quarterly. Whole country; Seasonnally adjusted by OECD, using the X-12 ARIMA method; Residential property prices, sales of newly-built and existing dwellings, all types of dwellings The source is the same as the OECD Residential Property Price Indices (RPPIs) - Headline indicators database. Sales

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

House Price Index YoY in Croatia increased to 13.10 percent in the first quarter of 2025 from 10.10 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Croatia House Price Index YoY.

This statistic shows the revenue of the industry “real estate agencies“ in Croatia from 2012 to 2018, with a forecast to 2025. It is projected that the revenue of real estate agencies in Croatia will amount to approximately ****** million U.S. Dollars by 2025.

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.