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Croatia All Set To Join The Eu

News Posted On: 07 July 2011

Croatia has finally finished its accession talks with EU officials, and is set to become the first Balkans state to join. It is expected to become a member by mid-2013, and this will undoubtedly increase property values.

Once the final discussions were completed, the EU Enlargement Commissioner, Stefan Fuele, announced the Union had been pleased with Croatia's success in reforming is political and economic system since breaking away from Yugoslavia 20 years earlier. The next step of the accession process is the signing of the Treaty which will be completed by the end of 2011. The treaty then has to be ratified by all existing EU member states before Croatia can officially enter the European Union. The planned accession date is July 1, 2013.

Its accession will mark the end of quite a struggle to join, as it had previously tried to join in 2009 before its plans were blocked by Slovenia due to a border dispute. Some overseas investors bought property around this time expecting the country to become a member, and will be extremely pleased to hear that this is finally to happen.

Those planning to buy property here are almost certain to make profits, as once Croatia has joined the EU should receive a number of subsidies, and in addition its membership will boost tourism. Although Croatia is unlikely to see the kind of price increases enjoyed by the eight European countries that joined in 2004, it is likely to appeal to large institutional investors who see it as being a much safer bet.

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