Revitalized Interest in Investment in Croatian Property Croatia is experiencing revitalized interest as both a holiday destination and a real estate hot spot.
The heavy promotion campaigns for real estate in other European locations mean Croatia has enjoyed a quiet revitalization in popularity, with people in the know opting to invest in its idyllic, unspoilt locations. Croatia is located across from Italy over the Adriatic Sea, it boasts similar beauty, life-style and architectural aesthetic to its neighbour, but it has lower real estate prices and has been able to go largely unsullied by property development.
In the last few years, more and more people have discovered this 'hidden gem', which is less than 3 hours flight time away for 600 million Europeans. Tourism is forecast to rise to a $20.2 billion industry in Croatia by 2013, this would be a 155% increase from 2003's $7.9 billion.
To manage the construction necessary to meet this rising demand, the Croatian government has put in place strict planning permission and zoning requirements. These laws insure that Croatia is not over-developed and that all new buildings are limited in quantity and reasonable in size. With revitalized vigour, clear government guidelines and a bubbling property marketplace,there has never been a better time to invest in property in Croatia.
Katarina Stanic lives on the Mediterranean island of Brac in Croatia. She advises tourists on the best places to go on the island and currently works with Kavanjin on their range of Croatia Property in the beautiful harbor town of Sutivan.
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