Croatia: An Emerging European Real Estate Hotspot

Croatia is an Eastern European success story and athe country is becoming more successful, more
country quickly developing an incredibly exciting realwealthy and more desirable as a place to live, work,
estate market into which foreign investment is freeinvest and holiday.
flowing.It is because of this perfect combination of factors
Since Croatia achieved independence from thethat Croatia is emerging as a European real estate
former federal independent communist state ofhotspot with demand from holiday makers for hotel
Yugoslavia in 1991 its democratically electedand villa accommodation, demand from second home
government has worked tirelessly to prove to itshunters looking for everything from apartments in
own people and the outside world that it isthe major towns and cities to rural retreats in the
committed to creating an independent and successfulstunning Croatian countryside and demand from
country.expatriates and international executives for houses
As a result, Croatia has joined the Partnership forand apartments to let.
Peace Program with NATO, the World TradeA real estate investor looking for a secure emerging
Organisation and the European Free Trademarket with masses of potential for profit should
Association and is now on track for full Europeanconsider Croatia.
Union membership by 2007. All of these facts aloneFor property developers there are substantial
stand to prove the Croatian government'sopportunities available in the tourism sector with
commitment to creating a competitive country with ademand for hotel accommodation outstripping supply
successful market economy, and all of these factscurrently. For those hoping to profit from maximum
have resulted in many major multinational companiesshort term capital gains on real estate there's the
relocating European headquarters to competitivepotential to purchase off plan properties and flip upon
Croatia.completion by reselling to the waiting holiday and
Now add to this positive data the fact that Croatia issecond home market. Alternatively for those hoping
a stunningly beautiful country with 6,000 km ofto derive an income from their overseas real estate
unspoilt coastline, a Mediterranean climate, mountains,investments there's the chance to let out units to
lakes, forests and wildlife in abundance and a rapidlythe tourism market, the local market and also the
developing tourism industry, and hopefully you canexpatriate market.
begin to smell the potential!Croatia offers every real estate investor the
As a direct result of the foreign investment flowingpotential they seek from their property investment.
into Croatia in both the business and tourism sectors