Croatia Investment: Economy
In Croatia, buying Croatia homes for investment entails consideration of the country's economic situation. Those looking at Croatia buying property will find statistics that augur well for property investment in Croatia. Croatia's economy has shown steady growth over the last few years and the country enjoys low inflation. These trends are set to continue for the near future and it is generally believed that Croatia's imminent entry into the EU will bring huge benefits to the country's economy and, by extension, to the Croatia property investment market.
Croatia has recently transformed its economy in line with EU requirements and as a result, is now a competitive business location. Foreign direct investment is rising (figures for 2006 were double those for 2005) and several Croatian cities are favoured by relocating multinational companies. This factor adds to the potential for Croatia property investment since the demand for Croatian property will increase, driving the need for new Croatia construction.
Croatia Investment: Tourist Industry
Those considering a Croatia buy also need to consider the tourist industry, a vital component of property investment in Croatia, particularly the buy-to-let sector. Croatia's strategic position means it is in easy reach of millions of visitors. Low-cost flights have increased the country's attraction as a holiday destination and Croatia regularly receives over 10 million tourists a year. The government is well aware of the importance of its tourist industry and is currently making vast investment in tourist services as well as large-scale improvements in road and seaport infrastructure.
Croatia Investment: Property Market
The market for Croatia properties is booming and according to several analysts, investors looking at property for sale in Croatia can expect to achieve some spectacular gains - predictions forecast rises of between 100% and 150% over the next 3 to 5 years. Croatian property on the coast has seen increases of around 20% a year and buy-to-let investors in Croatia homes can expect net annual rental yields of nearly 6%. Croatia's forthcoming status as an EU member is expected to create the ideal market for a boom in Croatia land and property investment. All in all, Croatia's economy, tourist industry and current property market combine to make this an ideal time for Croatia property investment.
For more information on investment in property in Croatia, get our Croatia Property Investment Guide.
