New legislation for the Croatia property market
Some investors are looking in the Croatia property market with high interest. Many of them planned to build big apartments complex and turn the whole coast of Croatia like some areas of southern Spain where the coast is already overdeveloped with high building and cheap materials.
The coast in Croatia is really large but still isn't so long as the Spanish. Croatia main industry is tourism and its government knows that. During summer season Croatia sees an incredible number of visitors who love the natural beauty of the country. The national tourist board of Croatia has as slogan "The Mediterranean as it once was" so it's obvious that Croatia is determined to protect its coast from developers who are only interested in cash out and spoilt the country beauty.
In the coastal counties, legislation was recently implemented and new building is forbidden in the first one hundred meters of land next to the Sea. That has had a big impact in the Croatia property market. Many have desisted of buying property in Croatia because of this reason but the change was needed to protect the tourist industry.
There're still a considerable number of plots of land on the coast that already have planning permission so big property investor are advised to look for those ones.
The good point of this new legislation is that restricted developments will beneficiate the marketability of Croatia property already built, property prices in Croatia will continue their steady rise. So if you're buying property in Croatia bear in mind that as an investment is well worthy.
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