Croatia offers plenty of beautiful landscapes, activities, and healthy and delicious gastronomy all year round. This year of 2019, the town of Poreč, together with Funtana, will host an exciting event. The Ironman 5150.
Ironman competition exists for 41 years. In 1978, the first event was held in Oahu, Hawaii.
“We’re thrilled that we brought the Triathlon 5150 series race to this wonderful part of Croatia, and we’re sure that the athletes from the entire EMEA region will have a great event, but also an amazing weekend in Poreč”Stefan Petschnig, director of Ironman Europe
The owner of the license for the event, World Triathlon Corporation, signed a contract, valid for two years, with Plava Laguna, one of the biggest hospitality and tourism companies in Croatia.
The event in Istria is an Olympic Triathlon, that includes swimming, cycling, and running. The event is going to take place in a few months time, May.
The intention is to present Istria as the active region it is, to athletes and enthusiast all over the globe. Plava Laguna will be responsible for organising such an event. And the municipalities will provide the infrastructure, the .
A huge loan designated to real estate Croatia is ahead, and coming from The World Bank Group.
For the ones who don’t know The World Bank Group, it is nothing more nothing less than the world’s largest sources of funding and knowledge for developing countries.
Their intention and commitment is to reduce poverty, increase shared prosperity, and promote sustainable development. And the Country now on their table is Croatia.
19.7 million euros on its way to Croatia
An incredible amount of 19.7 million euros to develop, ease and improve the Administration System Project.
The advance is clearly on the days of waiting at Land Registry Offices that decreased by 75% from 46 to 12 days, for mortgages and property transactions, and also on the Cadasters Offices, decreasing by around 33% from 30 to only 8 days.
But it has been coming this way since 2016
Long ago in November 2016, a system called Joint Information System was implemented, it is easy, completely accesible and modern, so people can register online with their personal details, instead of the going through the painful experience of having to go to a public office.
The statistics keep rising and showing that Istria is a prosper destination to invest in.
The reliable source found in Istria Tourist Board website, shows that Candy Brick chose the perfect location to initiate its project, the Candy Brick villas in Matelici, Marcana.
The data is analysed monthly. The months are compared in relation to last year’s, between May 2017 and May 2018.
The figures show, the amount of tourists that decided to choose Istria as their holiday destination, and how long their staying in the region lasted.
Based on those numbers shown, we can observe that more people are arriving to Istria, and those people are also staying much longer than they used to.
According to the table above, there was an increase of 33% of total arrivals, and the overwhelming total increase of the overnight stays by 1.1 million more than last year!
Istria Is A prosper Investment Destination, But In Particular, Marcana!
Another interesting factor, is that Marcana, where the modern Candy Brick villas are situated; in Matelici plot to be more specific, had the overnight stays increased by more than 100%, and the number of arrivals comparing to last year, increased by 300%!!! That is an incredible amount increase.
If we take as Marcana as a comparison to the other areas that received more tourists, we can notice that none of them had the same increase, not even close to 300%.
But Why Are High Value Tourists Staying In Villages Like Marcana, And Not At The Central Main Areas?
As the great majority of the people that come to Istria, are from countries within a driving distance, for example; from Austria the driving distance takes only 5 hours. If a German tourist decides to leave, from the south region of Germany, for example Munich, to Istria, he or she will spend 6 hours and a half to drive the distance of 582 km. Those higher numbers are due to the area Istria is located.
The main and most known areas are becoming too overcrowded, there is too many people for not so much capacity of receiving those people.
The facility that tourists have to drive to Istria, is affecting and increasing the number of people that don’t necessarily have to stay in central areas. Therefore, there is no urge of staying in an area of easy access to public transport, for example.
Let’s take Marcana as an example again. The driving distance from Candy Brick Villas in Matelici to Pula, is 20 minutes, probably shorter than the period you would wait for a public transport to pass by, which makes the location of the villas really accessible to drive to the city or the sea if you wish.
There is also the factor of a high value tourist’s profile, the privacy of staying little bit further from main areas, in small villages and towns around, is much more unique and appealing. A luscious property, right in between the city and the sea, and not in a popular area is what they look for.
Buying Property In Croatia? OK, But First
If you own a holiday villa in Istria Croatia, you can rent it out to tourists (getting the bookings a year in advance!). Giving you the possibility to make a profit by selling the villa in 10-15 years, when the prices in Croatia will go up.
The problem is that when you start the procedure of buying a property in Croatia and start searching for homes for sale… you must also start dealing with sellers.
No matter if you are wealthy and respected in your home town. If you don’t have determination to analyse some aspects of the property before the purchase, the sellers will think that you are…naive. With money, but still, naive.
And that is a problem for you.
The seller’s interest is different from your interest. The sooner you are aware of it the better.
Conflict of interest between you and a no-name seller
When you are buying property in Croatia, you need to know that seller’s goal isn’t to help you and consider your concerns as an investor.
They just want your money in their bank account and never see you again.
The sellers are often no-name people, without having a brand and reputation they care about.
And what hurts more, a public opinion that the seller made a terrible job, that everyone can see, or a letter from a lawyer that only the seller and you know about?
Public shame hurts much more and motives people to make a solid job.
I’m not trying to say that you need to get a branded villa immediately.
You just need to get more information before the purchase.
Keep on reading to find out what to check, get informed and show everyone that you are not a naive foreign investor.
Get to know the steps to buying a property in Croatia:
- First Step When Buying Property in Croatia: Online Research
Read and analyse real estate portals and its ads in Croatia, such as Njuškalo, Rightmove Croatia, Immobilienscout24, Immowelt, Place in the Sun Croatia, Crozilla, Real Estate Croatia and so on.
You need to keep updated on the market and what are the offers available.
- Second Step: Meetings and Viewing
When you find interesting options, organise the house viewings with the sellers or real estate agents.
Try and schedule them one after another, so that you can check as many as possible during your stay in Croatia.
The notes, if possible document with images and videos everything you see, take in consideration your feeling and first impression of the place.
Take with you a friend or acquaintance that can help you analyse the property.
It is very relevant recording somehow what is promised or said to you, so you can protect yourself against any traps.
- The Crucial Step Of Buying Property In Croatia: Analysis Of Interesting Options
Don’t get mistaken, no-one else can make the house analyse better than you, not an agent or seller!
If the seller tells you, that the house is 120m² , buy yourself a measuring tape and confirm 🙂
Request proven information – original and updated documents.
Anticipate and avoid serious problems after the purchase you, get enough information beforehand, anticipate and avoid serious of problems after the purchase.
The seller doesn’t want to share with you any negative aspect of the house that could lower your offer or make you give up the buy.
It’s not a matter of luck, which makes the difference on your investment return. It’s the a matter of researching, collecting information and planning.
Photos, Visits And Then?
What else should you check to avoid any regret on your decision
Apart of seeing pictures and visiting the house, check also:
- Trends in tourism in Europe and in Croatia. If you buy a villa to rent out in a country, where tourism decreases, don’t think that its value will increase over time! If you’re buying property in Croatia, check official statistics.
- How were different construction steps made? Check who were the people involved on the construction, like geodesist, architect, builder and developer, checking those technicalities can avoid legal problems and construction problems, such as humidity.
- How the villa in Croatia, you want to buy, will be rented out? What is the marketing strategy for it? Who are the people who will do this job? Your initially helpful agent, once the villa is yours, will not be interested any more on helping you rent it out. Make written agreements with competent people before the purchase.
Don’t be naive when buying a property in Croatia, make sure you tick off the list above.