Croatia, the new property market is here
In the last year, the property market in Croatia has seen a considerable increase in interest, especially from the British and Irish markets. Increasingly identified as an elite Mediterranean destination, Croatia is being recognised as a highly attractive country to visit and enjoy.
More importantly, Croatia has emerged as an attractive investment market in terms of property appreciation, with a strong market for both capital growth and rental income Croatia properties. Although prices have increased in a varied manner along the Croatian coast, the investment potential of this strongly emerging market is best illustrated by the fact that prices around Dubrovnik have increased by 20% to 30% in the last 12 months.
This growth looks set to continue in the same manner, as the demand for Croatian tourism has been projected by the Tourism Board to increase by an average of 6.9% per year, and Croatia became a candidate for EU membership in June 2004.
Croatia will begin EU negotiations in early 2005, with the hope of gaining entry to the EU in 2008-2009. Added to the Government's commitment to limit new builds and create greater coastal green belt areas, this move is creating supply and demand pressures which are pushing prices ever-upwards.
Looking for property in Croatia is becoming a boom for Europeans, including British and Irish national seeking a good property investment or their own place in the sun. Every day more an more people query about and that's maybe why more and more real estate agencies are opening their doors to those one interested in buying a property in Croatia.
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