The region of Istra is situated on the west part of the Republic of Croatia. It is the largest peninsula of the Adriatic Sea.
A strategic geographic position makes Istra the most attractive part of Croatia.
The climate of the Istrian peninsula is a typical Mediterranean climate; dry and very warm summers, with the average number of some 2.400 sunny hours a year. Winters are mild and pleasant.
The sea temperature reaches its lowest in March, around 11°C, and its highest in August with 24°C.
Istra is generally the richest region in Croatia; in terms of finance, stability, tourism and international business activity.
Distances And Neighbouring Countries
The Region of Istria covers the surface of 2.820 square kilometres. From the north part of the peninsula to the southeast peak there is a distance of around 100 km2.
If we measure the distance from west coast to south coast it would be around 50 km on the longest line.
Istria has a strategic position within Europe and benefits from the vicinity of Slovenia and Italy, the neighbouring countries. Large tourist markets, Germany and Austria, are also very near and within a car reach.
There are few ways to reach Istra; by car/bus, by plane or by boat. The Istrian motorway system has two main branches that form a “Y” letter shape.
The east line of the motorway connects Pula with Rijeka and the west line connects Pula with the Slovenian border.
Although it is fastest to travel on the motorway, scenic roads run along the eastern and western coasts, making them perfect choice for bikers and cabrio lovers.
The main airport in Istria is the Pula International Airport, and it is located just 2 km from the motorway and 7 km from the ancient city center.
Pula airport is connected with around 60 destinations with direct flights, hosting around 700.000 guests each year.
Most of the flight lines are seasonal. And within a 300 km range we have other 5 internationl airports: Rijeka, Trieste, Zagreb, Ljubljana and Venice.
The most important fast boat line is the one connecting Venice with Pula, Rovinj, Porec and Umag. The other standard line is connecting Pula and Zadar, with stops on Kvarner islands.
Due to this fact, the The World Bank, which is formed by five institutions working for sustainable solutions to reduce poverty and build shared prosperity in developing countries, has positive perspectives about Croatia’s economic growth this year.
The prediction of this year is, an increase of 2,8% Croatia’s economic growth, according to what The World Bank has revealed this Tuesday.
“The World Bank projects that Croatia’s economic growth in 2018 was 2.7%, revising upwards the projection from last June by 0.1 percentage points, while upholding the growth projection for 2020 at 2.8%. The projection shows that in 2021, the growth is to slow down to 2.6%.”
If you have a business mindset, think ahead or are looking for an investment opportunity in Croatia, you are looking at the right place and perhaps right time too.
In 2019, Darko Horvat, who is Founder and Owner of Aktiva Group and serves as Head of Energy Directorate at the Ministry of Economy, Labor and Entrepreneurship, Croatia.
Presented measures, in order to reduce or eliminate some consuming administrative procedures that are currently in place. Domestic entrepreneurs, are the ones to be benefiting from this improvement first.
The first move, is to eliminate around 314 administrative processes. Apart from improving and speeding those bureaucratic processes up.
The advantage and good news are also that, it consequently reduces misunderstandings or unnecessary payments, that usually or can occur when an individual is presented, or doesn’t completely understand the whole process, or what exactly those payments are for.
Real estate investing varies from country to country. Investors looking for the best return on investment, but also to invest on a property that they can take advantage of this investment, in a country that they can enjoy it.
The luxury real estate is taking over the industry in Croatia, starting from the hospitality industry, that saw the potential of the luxury stays, throughout the stunning Croatian coast line combined with an extremely rich culture and gastronomy.
Together with it, a wave of investments developing the infrastructure, is making the country even more attractive not only for hospitality but for luxury real estate investing.
Sotheby’s International Realty
According to the director of Sotheby’s International Realty Croatia, director Marko Pazanin, there is an increase of 25% in Luxury listings “Clients are mostly German, Austrian, Czech and Slovakian nationals, followed by clients from Scandinavian countries and England,”.
This increase, has a lot to do with the country itself, and also the advantages and high return on investment that Croatia presents to investors worldwide.