| Croatia is one of the most likely candidates for entry | | | | has is that it means the local population has more |
| into the European Union within the next few years | | | | access to property based finance and the local |
| and as a result it is also one of the more exciting of | | | | market in Croatia also demands property stock...this is |
| Europe's emerging economies in terms of potential | | | | good news for an investor. Why? Because tourism |
| property price growth because with pre-EU entry | | | | potential is good, but having a local market willing and |
| comes serious foreign direct investment and political | | | | able to take real estate stock off an investor's hands |
| and economic stability, and post-EU entry comes | | | | in the future is even better news. Targeting this |
| greater worldwide confidence in a country and a | | | | increasingly affluent nation an investor has a chance |
| nation's ability to trade more directly and favourably | | | | of generating sustainable and consistent returns from |
| with the rest of the European Union. | | | | a commitment to Croatia for the medium term at |
| When you add to this positive news the fact that | | | | least. |
| Croatia has 5,835 kilometres of coastline (1,777 km | | | | Another reason why property in Croatia will be big |
| on the mainland with 4,058 km wrapped around its | | | | business in 2007 and beyond is because of an |
| numerous pretty islands) and a Mediterranean climate | | | | increase in the number of international businesses |
| you have immeasurable tourism potential that as yet | | | | choosing locations such as Dubrovnik and Zagreb in |
| is being massively under-explored meaning that there | | | | Croatia as centres for near-shoring back office |
| is an entire marketplace for property investors to | | | | operations for example. Croatians are hard working, |
| explore immediately. | | | | intelligent people who will currently work for lower |
| From 2007 a number of UK and mainland Europe | | | | rates of pay that their counterparts in the EU-15 for |
| based cheap flight operators are opening routes | | | | example and some companies are establishing |
| across Croatia which will create accessibility and bring | | | | operations in Croatia to tap into this labour force and |
| more tourists and therefore it is highly likely that this | | | | are demanding commercial premises as well as |
| will increase the profile of the nation and result in a | | | | pushing up local demand for residential stock. |
| flourishing holiday and second home market as soon | | | | Levels of foreign direct investment as well as the |
| as the wider world realises just how stunning Croatia | | | | number of international companies setting up regional |
| is. In the meantime it means there will be a demand | | | | hubs in Croatia also represents a positive factor for |
| for short term accommodation as well as tourism | | | | investors to bear in mind. FDI and more jobs means |
| facing faculties and amenities offering an investor | | | | a growing economy which often results in a more |
| diversity. | | | | affluent nation who can and will afford rising real |
| The World Travel and Tourism Council have placed | | | | estate prices and rental rates as well...Croatia has |
| Croatia in the top five of all nations in terms of | | | | already attracted leading international companies such |
| annualized real growth figures for travel and tourism | | | | as GlaxoSmithKline, IBM and Siemens, L'Oreal and |
| demand from 2007 to 2016; Croatia is expected to | | | | Nestle to establish regional bases there and what's |
| achieve tourism demand growth of 7.6% a year for | | | | possibly even more interesting is the fact that |
| the next nine years meaning that here is a market | | | | Croatia is becoming a centre for UK and EU domiciled |
| ripe for property investor exploration in 2007. | | | | overseas commuters. |
| One thing that may hold some back from committing | | | | The whole business environment is changing as the |
| to Croatia is the fact that unlike in some other | | | | economy grows, there is active interest for |
| emerging markets in Europe such as Romania for | | | | commercial property from Grade A office space in |
| example, property prices in the most popular, | | | | Dubrovnik to logistics and warehousing space in |
| populated and beautiful towns and cities in Croatia | | | | Zagreb, and in the main economic hubs there is |
| are already fairly high...but mortgages are widely | | | | intense interest for decent property for sale and rent |
| available in Croatia for residents and non-residents | | | | from an increasingly affluent local and expatriate |
| and just a little distance away from the main centres | | | | professional class...could an investor want or expect |
| of interest there are bargains galore. Another | | | | any more opportunity from a single nation? |
| advantage that the ease of availability of mortgages | | | | |