Croatia: an Emerging European Real Estate Hotspot
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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
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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
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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.
About the author:
Rhiannon Williamson writes about real estate investment in
emerging markets worldwide. To read more of her guides for property investment in Croatia click here.
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