|
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 property 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.
Article Source:
http://EzineArticles.com/?expert=Rhiannon_Williamson
|
