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Croatia European real estate hotspot
by
By
Rhiannon Williamson
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 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 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.
Rhiannon Williamson writes
about real estate investment in emerging markets worldwide. To read
more of her guides for
property investment in Croatia
click here.
Croatia European
real estate hotspot - article source:
http://EzineArticles.com/?expert=Rhiannon_Williamson
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