Property in Croatia
The tourists are flocking back to Croatia's beautiful shores, and with them comes a whole new world of property investment opportunities. Many coastal holiday resorts are in the pipeline - all regulated by government plans to prevent overdevelopment from spoiling Croatia's traditional charm
Prices for Croatia Properties from £45,370
Key facts
- Population: 4,496,00
- Capital: Zagreb
- Approx. exchange rate: £1 = 11HRK (Kuna)
- Visas: No
- Time difference: +1 GMT
- Flight time from UK: 2 hours
- Major airports: Zagreb, Dubrovnik, Split, Pula, Ljubljana (Slovenia), Venice and Trieste (Italy)
- Dialling code: 00 385
Property in Croatia
Croatia’s beautiful Adriatic coastline and historic towns have long been admired by holidaymakers. Before Yugoslavia’s civil war (and Croatia’s subsequent declaration of independence) the country attracted around 10 million visitors annually. Now that Croatia is well and truly established as a stable country in its own right, the tourists are flocking back, and this is good news for its burgeoning overseas property market. “The property market has performed very well, with 15 per cent appreciation in Istria and Split, and around five to ten per cent in Dubrovnik,” says Kieran Kelleher, managing director of Dream Croatia.
“The most attractive aspect of Croatia is the safety here, and the step back in time to when it was safe to leave your children to play outside.” But it isn’t merely Croatia’s charm that’s attracting investors. Developers are cottoning on to the potential of coastal resorts, and exciting times look to be just around the corner. “There is not one completed modern resort in Croatia such as can be found in other countries. The primary reason has been a coast-wide moratorium on building and planning whilst the central government came to grips with its strategy,” says Kelleher. “The good news is that this is about to change. Development plans for much of the coast have been released and a good number of exclusive marina and golf developments are in planning. They will start to come to the market in the next six months.” But this isn’t to say that Croatia’s wonderful coastline is about to be blighted by concrete monstrosities.
The government’s development plan aims to regulate the scale of construction. “The new development plan will please many, with no building within 70 metres of the coast and many resorts being low density,” says Kelleher. And, given the huge potential that lies on Croatia’s shores, it looks like the British are coming. “The British have always been taken with Croatia. Many of the products coming to the market are aimed at British buyers, so we expect a large increase over the next two years,” says Kelleher.
Search for 1000s of Croatian properties online at www.aplaceinthesun.com
