The current market for property in Croatia
Within these coastal regions, the most popular location for buyers has been the stretch of land within 200 meters of the sea. Properties here have experienced sharp rises in value compared to their levels at the end of 1990s. During the last year, a new trend has begun which mostly affects the Istrian region. This picturesque and peaceful landscape has attracted real estate buyers drawn by its closeness to the international airports of Venice, Trieste and Zagreb, and the very good road connections. Recent developments have featured some beautiful houses and villas between five to 15 kilometres from the coastline. The increasing demand has had an impact on prices, which are almost at the levels for Croatia properties along the shoreline.
Two of the most popular towns on the Croatian Adriatic - Opatija and Dubrovnik - have become elite destinations. As a result, their property prices are currently three to four times higher than the Adriatic average. Opatija has a strong tradition as an elite tourist destination. It is where the development of tourism started. Back in the 19th century, the Austrian emperors and aristocracy had luxurious villas and summer residencies in Opatija. Dubrovnik, on the other hand, is famous for its Old Town, a medieval masterpiece surrounded by large walls. The city has for centuries cherished its independence and traditions as a democratic city-state. Croatia is currently moving towards membership of the European Union. Reforms in the economy, judicial system and other aspects of society are expected.
These changes will have a positive impact on the standard of living, the way of doing business when investing and moving to the country. All these factors are likely to enhance Croatia's reputation as an attractive destination where one can make a very good and secure investment.
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