 Croatia Real Estate 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 its 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. 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 2007. 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.
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 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.
It is because of this perfect combination
of factors that Croatia is emerging as a European real estate
hotspot with demand from holiday makers for hotel and villa
accommodation, demand from second home hunters looking for
everything from apartments in the major towns and cities to rural
retreats in the stunning Croatian countryside and demand from
expatriates and international executives for houses and apartments
to let.
A real estate investor looking for a
secure emerging market with masses of potential for profit should
consider Croatia.
For property developers there are
substantial opportunities available in the tourism sector with
demand for hotel accommodation outstripping supply currently. 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.
Croatia offers every real estate investor
the potential they seek from their property investment.
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