croatian property market boosted by government efforts
News Posted On: 22 April 2009
The Croatian government has been commended for its efforts to encourage foreign investment in the country's property market. Paul Collins of Buy Association noted that the government had done everything possible to bring more overseas property investors into the market; including highlighting the country's tourism potential, and removing obstacles to foreigners buying in the country.
Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the Croatian market:
"The Croatian property market exploded during the overseas property boom, but its sheer popularity as people expected EU membership to be just around the corner. This however led prices to be driven up rapidly, to the point where not much room remained for fantastic growth.
However, the Croatian market is expected to experience another boom when EU membership is finally granted, and those who buy now, to hold possibly for several years, should enjoy 6-8% rental yields if they choose their Croatia property carefully. Croatia is world renowned for its beautiful beaches, and striking hills and landscapes, as well as a beautiful Mediterranean climate, making it very popular with tourists from around the world."
Property Abroad have some excellent properties in Croatia, including almost completed 2 bedroom apartments just a few minutes from the beach at Rogoznica available from just under £69,000. The apartments come with a parking space, Central Heating, Double Glazing, Gas Installed, Electricity Installed, Water Installed, and Telephone Points.
For people with a bigger budget, the Nautica Apartments complex is a luxury development being built near the new 5-star marina in Novigrad. 3 bedroom apartments in the development are priced from £184,000. This offers excellent value for money given the amenities and facilities on the resort-style development, the build-quality of the apartments, and their prosperous location beside the new marina.
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