CROATIA ECONOMY AND REAL ESTATE INVESTMENT OVERVIEW

What to buy

The most popular investments seem to be stone houses and one and two-bedroom apartments. Buying an apartment permits the buyer rapid returns if they decide to let it. In general, good-quality apartments in tourist areas are usually easy to rent out and can provide useful income on top of the capital growth.

Old stone houses require usually renovation and more paperwork to allow that renovation being implemented. The good point with this kind of property is the big potential they have for those looking for agro-tourism. An incredible amount of Europeans are looking anxiously for a very quite place to stay but at the same time it has to be half and hour drive to the Sea, beaches and the exciting night life. Only recently, for example, an article in The Sunday Times highlighted the shortage of villas that are available for rent in Istria when compared to the huge demand in the area, and it's this demand that is attracting more and more people to Croatia.

The inland Istria also known as green Istria is the right place in Croatia for those ones. Istria is easily accessed by car from Italy, German, Austria and Hungary, to name a few nationalities that spend their holiday there and by cheap air fares from Ryanair and easyjet to adjacent airports for those coming from the Britain and Ireland.

So, to conclude, if you plan to obtain income from your property in Istria, Croatia, regardless the type, bear in mind that the chances are very positive providing that you do it yourself or by getting a local letting agency to manage your property; who's writing have spent many years in Croatia and seen car plates from over the whole central and eastern Europe coming and staying in Istria. Istria is their nearest access to the Mediterranean and therefore to their holiday.

BROKER, real estate agency team.