Buying property in Croatia
There has been a mood change in how the Croatian property market is perceived-the cycle commenced with the perception of bargain basement Eastern Europe, this quickly evolved into an exclusive up market coastal destination akin to Tuscany or the Cote D’Azure in France, yet still at affordable prices.
Excellent investment opportunities at affordable prices
And it’s not just the coast; this year inland Croatia is gaining attention for its pristine countryside at ridiculously cheap prices. Properties north and south of Zagreb offer stunning countryside, rivers and lakes, all connected by a new motorway to an international airport. For example a traditional Croatian country house in fairly good condition but needing renovation, with a large stable block, barn and an apple orchard for just £5,900!
Property in Croatia represents an excellent investment opportunity. New apartments in Dubrovnik, the most expensive location in Croatia, despite having risen 20-30 per cent from a very low base over the last 12 months, are still only about two thirds the price of comparable properties on Spain’s Costa del Sol.
Also consider that the current mini-boom happening for the market of property in Croatia now, has been fuelled without any available mortgage product; once someone produces international finance secured on the Croatian asset, the market will push on again.
Choosing a Property in Croatia
Always try and buy the best location, which in southern Europe usually means first position to the sea. In France, Spain and Italy this would mean prices off the Richter scale but these properties are still available at realistic prices in Croatia. Also, inland property in Croatia represents great value for nature and skiing lovers.