Considering buying a property in Croatia? Read this!
Buying a property in Croatia is now possible, in times when Croatia was part of Yugoslavia many foreigners who visited the country felt in love with it and tried to buy holiday homes. In those times it wasn't possible to foreigners to buy property in Croatia.
Croatia is now an independent country looking to enter in the EU in a short time. Many changes have been introduced lately and since independent, foreigners are now entitled to purchase property in Croatia. It's important to mention how this works. Croatia, as many other countries in the world, has signed an agreement called reciprocity which works quite simply: nationals of one country can buy property in Croatia as long as Croatian nationals can buy property in that country. Britain, Ireland, USA and most of European countries have reciprocity with Croatia.
So providing that now it's possible to buy property in Croatia, many UK and Irish national are looking into the Croatia property market when it's times for investments. The market now it's like the Spanish one twenty years ago. Property prices in Croatia are set to rise dramatically with Croatia ascension in the EU. In some areas that is expected to be between 200 and 300 per cent.
The main reason why investor feel attracted with Croatia property is the tourist potential. Last year Croatia received a quarter of its population during the summer season and the tendency seems to increase. Travel agencies have started to included Croatia in their holiday options and according to the lonely planet website -a famous tourist site - Croatia is the top holiday destination for 2005 followed by China and Argentina.
Whether you're planning to invest abroad or get your own place in the sun don't forget to consider Croatia, it has a great way to go and you can make the most of it now.
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