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Property
Market Overview
Currently the property market is investment-led, principally in
newly-built properties.
The Dubrovnik region of the country has experienced the initial
influence from property investment, with the Istrian and
northern Dalmatian regions now seeing an increase in
investment-led projects.
The recent increase in property prices has been centred around
the coastal towns, although there are areas of interest inland,
especially near the capital Zagreb. In the historic towns such
as Dubrovnik, Hvar, Zadar, Korcula, Umag and Porec CCP believes
there are attractive opportunities to acquire prime location
real estate at reasonable prices.
As an emerging market, Croatian properties cost less to build
than in some more established southern European destinations.
Croatia has a large number of western-European visitors and CCP
believes that the number will rise with EU membership and the
continuing increase in direct flights from the UK on budget and
mainstream airlines.
In addition, due to their proximity, Croatia is popular with the
German, Austrian and Italian tourists and investors.
Tourism is expected to grow by 6.9% annually. Annual net returns
on investment properties are on average between 5 and 6 per
cent.
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