CROATIA ECONOMY AND REAL ESTATE INVESTMENT OVERVIEW

A good investment

Croatia is undoubtedly a good place to invest in property. Prices are rising steadily and rises of 20 per cent per annum aren't unreasonable along most resorts of the coast.

Croatia's EU ascension is playing a big role in the Croatian property market as it is expected to boom the prices much more. World financial institutions are predicting an increase in Croatian real estate value of 200 per cent - 300 per cent in next few years.

Also, as the Croatian government started to restrict further developing alongside the coast in order to protect the environment and the place not to become a concrete jungle as other holiday destinations, the properties already built and the plots of land that already got the planning permission are much better valuated.

Moreover, property in Croatia is still much cheaper in comparison to other property hot spots in the Mediterranean, like Spain for example. If there is a time to make a move in the Croatian property market it seems to be now as there is a big number of foreign that have bought property lately.

Property prices now are quite different depending on the area of Croatia you decide to buy. Dubrovnik, which has received a lot of good press in the last years, is already very expensive place to buy property. The square meter of property has reached €6,000 (Ł4,000). In Southern Istria, towns like Pula, Medulin, Premantura and Pjescana Uvala prices are still much more affordable. An apartment with Sea view in those areas could be valued at €2,000 (Ł1,400) per square meter in the most expensive of the cases.

BROKER, real estate agency team.