Why Property in Croatia is an Excellent Investment Opportunity
- Exceptional capital growth predicted
- Gross rental yields predicted at 6.5% average to 13% maximum
- EU entry expected 2011/12
- 155% tourism growth predicted 2003-2013 (World Travel & Tourism Council)
- Established rental and management platform
- Strong re-sale and letting potential
Renewed Investment Interest in Croatian Property
Croatia is experiencing renewed interest as both a holiday destination and a property hotspot. The heavy publicity campaigns for property in other European locations have meant Croatia has enjoyed a quiet resurgence in popularity, with those in the know opting to invest in its beautiful, unspoilt locations.
Situated across the Adriatic Sea from Italy, Croatia enjoys much of the same beauty, architecture and Mediterranean lifestyle of its better known neighbour, yet remains largely untouched by property development, and has lower property prices. In the last few years, more and more people have discovered this ‘hidden gem’, which is less than 3 hours flight time away for 600 million Europeans.
Croatia’s supply of accommodation is well below the level needed to meet the demand of this renewed interest, and tourism is expected to continue to grow from a $7.9 billion industry in 2003 to a $20.2 billion industry in 2013; an increase of 155%. To manage the construction required to meet this increasing demand, the Croatian government has put in place strict planning permission and zoning requirements. These ensure all new build property in Croatia is built in limited quantities and to a standard suitable for the discerning purchaser or traveller.
With renewed vigour, clear government guidelines and a bubbling property market,there has never been a better time to invest in property in Croatia.
