Croatia

An Emerging European Real Estate Hotspot

If you're considering an overseas real estate investment, you will find Croatia a great location for just that. Take a look at why Croatia is currently offering international real estate investors the maximum potential for profit in Europe.

Eastern European Success Story

Despite its "growing pains", Croatia is an Eastern European success story and a country quickly developing an incredibly exciting real estate market into which foreign investment is free flowing.

Since Croatia achieved independence from the former federal independent communist state of Yugoslavia in 1991, Croatia's democratically elected government has worked tirelessly to prove to its own people and the outside world that it is committed to creating an independent and successful country.

It hasn't been an easy road, with entrenched corruption and administrative leftovers from the old communist system. But with sustaining effort by Croatia's successive governments, slow but sure progress is being made to make this a modern, democratic country it has been striving to be.

As a result, Croatia has joined the Partnership for Peace Program with NATO, the World Trade Organisation and the European Free Trade Association and is now on track for full European Union membership by 2012. All of these facts alone stand to prove the Croatian government’s commitment to creating a competitive country with a successful market economy, and all of these facts have resulted in many major multinational companies relocating European headquarters to competitive Croatia.

Real Estate Investment Potential

Now add to this positive data the fact that Croatia is a stunningly beautiful country with 6,000 km of unspoilt coastline, a Mediterranean climate, mountains, lakes, forests and wildlife in abundance and a rapidly developing tourism industry, and hopefully you can begin to smell the real estate investment potential!

As a direct result of the foreign investment flowing into Croatia in both the business and tourism sectors the country is becoming more successful, more wealthy and more desirable as a place to live, work, invest and holiday.

This perfect combination of factors is what makes Croatia an emerging European real estate hotspot. There's demand from holiday makers for hotel and villa accommodation, both on Croatian beautiful coastline and inland's growing village tourism. There are also second home hunters, looking for everything from apartments in the major towns and cities, to rural retreats in the stunning Croatian countryside. To top it all, expatriates and international exectives are looking for houses and apartments to let.

Real Estate Investor Appeal

A real estate investor looking for a secure emerging market with masses of potential for profit should also consider Croatia for a number of reasons.

For property developers there are substantial opportunities available in the tourism sector with demand for hotel accommodation outstripping supply currently. Croatia has a few 4 and 5 star hotels. This fact hasn't escaped the likes of Le Meridien hotels, who have recently opened a brand new hotel in the city of Split, on central Dalmatian coastline.

For those hoping to profit from maximum short term capital gains on real estate there’s the potential to purchase off plan properties and flip upon completion by reselling to the waiting holiday and second home market. Alternatively for those hoping to derive an income from their overseas real estate investments there’s the chance to let out units to the tourism market, the local market and also the expatriate market.

There's no doubt that Croatia offers every real estate investor the potential they seek from their property investment.