Why Invest in Property in Croatia
Croatia
Croatia has a tranquil beauty rarely found elsewhere in Europe today. A unique combination of beauty & style creating an intoxicating mix that is hard to beat. The countries stunning natural beauty, largely unspoilt natural habitats, more than 1500 islands and 5835km of coastline make it a heavenly place to visit or stay.
Many of our clients that purchase property in Croatia are seeking a so called ‘lifestyle home abroad’. They are typically looking for a holiday home that doubles up as an investment, and they are lured to coastal living. They have been encouraged by their own experience as a tourist in Croatia, enjoying the rich diversity of history & culture, natural beauty, weather, and laid back Mediterranean lifestyle. Moreover, with the forecast growth in tourism and pending EU entry, they perceive Croatia as a good medium to long-term property investment, with rental income at a minimum covering costs and capital appreciation giving a solid return.
Apart from Croatia having over 5000 km of coastline which hosts some of the most desirable property location anywhere to be found in Europe, FIRST believes the following are key reasons why Croatia is a solid medium to long-term property investment opportunity:
- Culture, history and unspoilt natural beauty
- Harmonisation of economic and politcal policy in accordance with leading international institutional requirements EU, IMF,
- World Bank, WT & Nato.
- Expected to join the EU in 2011
- A favourite tourist destination
- Tight planning controls restricting property developing in most parts of Croatia
- Restricted supply of property which in turn helps to support Croatian property prices
- Stable currency linked to the €uro
- Solid consistant economic growth (pre global crisis)
- Relatively inexpensive compared with established European destinations
- Considerable and consistent foreign investment over the last decade
- A solid domestic morgage market
