First Property Croatia

According to the European Commission, Croatia has stable democratic institutions and there are no major problems as regards the rule of law and respect for fundamental rights.

The central tenet of Croatian Central Government policy has been to integrate the country into Western Institutions – the EU, the IMF, World Bank, WTO and NATO. Therefore Government's policies both political and economic have been geared towards meeting the necessary criteria for membership.

Both the IMF & World Bank are actively participating in guiding and prioritizing the crucial reformist policies being adopted by the Croatian government. This is extremely important since it not only brings in money, but encourages positive sentiment amongst the global investment community.

Croatia’s currency, the Croatian Kuna (HRK) is stable. It is kept within a 15% band of the Euro, another factor helping them to keep inflation under control. This regime gives consumer confidence that forecasts for costs and prices for property and development will remain stable.

The government continues to take more of a back seat role in economic affairs, with private capital and foreign direct investment freer flowing and as a result business openings and employment opportunities in Croatia are flourishing. 

Prior to the global economic crisis there had been a consistent rise in FDI. The most recent figures for FDI show Croatia bringing in € 2.8 billion in 2006, up 100% from the previous year (Croatian National Bank). FDI inflows so far this century, are well above many of its neighbours, notably Slovakia, Slovenia, Bulgaria and Rumania (World Bank).