Buying properties in Croatia

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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.

Township on Croatian coastline
Croatia's beautiful coastline is dotted with numerous small and large towns, most of which offer excellent real estate opportunities - photo by Pixabay.com

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.

Croatia Capital Projects video - recorded in May 2010, this is a promotional video for Bishops Forest Golf & Spa planned project

Seaside town in Croatia
Seaside town in Croatia, with crystal clear sea water. Adriatic Sea on Croatia's coast has one of the cleanest sea waters in Europe and the world.

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 has become the (then) 28th member of the European Union in July 2013. After the Brexit, it makes the country the 27th most recent member of the EU.

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.

House for Sale on Rab island, Croatia - pictures of the housing units in Barbat and how they will look when completed - video date March 2009.

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.

Property in Croatia - two properties in Croatia offered by Tulipan Grupa, in Trsteno (Dubrovnik) and Seget (Trogir)

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.

Town of Ložišća on Brač island, in Croatia
Croatian islands offer excellent real estate and property opportunities, especially larger islands of Brač, Hvar, Krk, etc. - photo by Pixabay.com

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.

Haus zu verkaufen - Villa "Simica" in Kroatien, Insel Brac - House for sale in Croatia, Villa "Simica", on the island of Brač

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.

Croatian house and garden
A country house in Croatia with floral garden, including the popular red flowers - photo by Mira Pavlakovic