Building a property portfolio in Croatia
With the Croatia property market starting to emerge many foreigners are setting property portfolios to offer. The practice, quite popular with property investors in the UK is being taken to Croatia. As investing in property in the UK seems to not to be as good as before -prices are slowing down, many people are looking into the emerging markets.
Croatia property prices are much more affordable than property prices in another Mediterranean destinations, in the last two years the property market in Croatia have seen an increasing interest from overseas buyers. The moment to invest in property in Croatia seems to be now as steady rises are being seen and by the time Croatia enters in the EU property prices in Croatia are though to rise up to 200 and 300 per cent according to world financial institutions.
Those ones building Croatia property portfolios are taking advantages of low prices now and the great amount of quality off plan property on the Croatia coast. They've also noticed the big market with holiday rentals in Croatia. The region of Istria for example, receives thousands of holidaymakers from all central and Eastern Europe and with new budget flights to neighbours Italy and Slovenia many British and Irish are flying to Croatia too.
The financing side is something to take into consideration too. Until now there's not Croatian mortgages available for foreigners to buy property in Croatia. Most of the buyers are doing it with a mix of cash and borrowing from the UK.
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