| 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.
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Croatia:
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