According to the listing of the best international real estate countries to look to, Croatia is on the top as shown the renowned magazine Forbes.
As the Brexit approaches, there is a predictable impact on the international real estate demand. Companies that are currently based in the United Kingdom might start migrating their offices and headquarters to other countries in Europe.
Also, there might be an impact on the local real estate prices, and investors are already predicting and aware of the consequences of this change.
Some Valuable Data Confirms The Prediction
Whilst London, Geneva, Paris and Monaco continue to command Europe’s highest property prices, other cities are emerging as increasingly popular with international real estate buyers, offering excellent investor returns. Our increasing popularity in emerging European markets is testament to the growing importance of international investors in these cities.Chris Dietz, Executive Vice President of LeadingRE
LeadingRE is a consortium of almost 600 international real estate brokerages in 70 different countries. They provided this data exclusively to Forbes magazine.
What is more impressive is that Croatia, in particular Zagreb, is ranked at the top of the list, showing an increase of 20% on prices. Also, a 30% increase of adverts on the main rental portals, such as Airbnb. And the estimative of 20% of the purchases being made by international real estate buyers.
Last year, 2017, the data showed the impressive number of 18.5 million tourists visited Croatia with 102 million overnight stays.
According to Eurostat (Statistical office of the European Union), in comparison to 2016, it was an increase of 13% of visitors to the country. And consequently, the number of arrivals also generated a substantial increase of overnights stays in 2017.
Croatia Tourism In 2018
Croatia is among the top EU countries by tourism results growth. In 2018, Croatia featured on the second place on list of top emerging destination, amongst Japan, Portugal, Cuba and Iceland. Not surprisingly, 2018 in comparison to 2019, Croatia received an amount of 19.7 million tourists. A new record.
Istria Is A Jewel
If you think of Croatia, you instantly might think of the popular spots such as Dubrovnik, Hvar, Split and Rovinj. Although those regions are espectacular and have plenty to offer, the uniqueness and authenticity of destinations that are still not very explored and overcrowded are attracting more and more the attention of tourists. The typical spots and regions attracted a lot of visits, but the winner of all was the region of Istria.
Investments In Tourism
Having more than a billion euros of investments put into tourism last year, this year the ministry of tourism expects the same amount of investments again to be put into the industry.
If you are familiar with Istria, you are familiar with the variety of incredible and fresh ingredients, such as olives, olive oil, truffles, wine, prosciutto and seafood. And, if you are not familiar then you are really missing out on one of the top gourmet destinations in Europe.
Because Croatian ingredients and products are not really mass produced, it is quite rare to find exported goods from Croatia available in the supermarkets and shops of other countries. For that, you should definitely spend some time in Croatia, and during this visit, you better be hungry.
Food lovers will love Istria!
Istria is famous for having great and high class cuisine, with the fresh and tasty seafood of the coast, together with the hearty meat-based fare of Central Europe.
Depending on the time of the year you decide to visit Istria, you can get served a fresh Scampi Buzara dish, some prosciutto (pršut), or asparagus risotto, even some traditional Istrian pasta fuži or pljukanci with black or white truffle, fish or shrimps with white truffle, steak with grated truffle, truffle ice-cream, chocolate cake with olive oil and truffles…and this delicious list goes on.
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.
You will find that plenty of the real estate Croatia opportunities are located in the overcrowded cities. And, if you have done some initial research on real estate investment opportunities, you will most definitely have heard of Njuškalo, the main and most known portal in Croatia.
This month, Njuškalo held a conference in Zagreb which the subjects approached were tourism, being the main industry in the country, combined with real estate investing. Together they have created a market with huge potential and definitely worthy of investing in.
During the conference, Robert Pakrovac, from Estre, one of the top banks in Croatia, said “ We’re an open book on which other sectors such as tourism, and ultimately the retirement of people in Croatia, lean on”
It is common to find real estate prices in overcrowded areas higher than in other locations. Due to the simple fact that there is more demand for these real estates. This is because many of these areas are popular destinations for both tourists and first time buyers who are less knowledgeable on Croatia and the real estate market.
However, recently more and more tourist and first time buyers are looking away from these popular areas and are in search for authenticity, privacy and unique experiences. These can be found in the lesser known regions of Croatia.
One of the best investments one could do is property investing, but it can also be very difficult decision requiring research on the area the property is located and on the property itself, apart from a lot of budgeting or financing for most people. For that reason, It can be really a decision for life if that is the case as if you decide to finance you will have a couple of year of mortgage awaiting for you.
How then to make the most of your money and depending on the area even an income?
To make an income it is important to decide on a property that is located in a very attractive area or country. This way you guarantee there will be away interest from tourists to stay in your house if you decide to rent it. That is the core of buying an investment property as well as in an area. Buying an investment property has to both ways, for the investor and for the guests.
To make this comparison simpler we selected a few countries and the prices for a house in comparison to Croatia. So, here is a brief list of properties in Europe. There are requirements you can stick to when looking for an investment property abroad, on the list below the requirements were either price or number of rooms.
Croatia is the emerging star of Europe, with its beautiful scenic landscapes, natural resources and picturesque tows, it serves as a perfect set for filming and big productions.
Apart from Game of Thrones Croatia, the country has been stage for big productions such as, Star Wars: Episode VIII, Hobin Hood: Origins the upcoming James Bond and Mamma Mia 2 which had its premiere in the Pula Amphitheatre on Saturday, the 21st of July 2018.
Other than Game of Thrones Croatia has also starred some very important names like, Daniel Moder, decided to film his piece “Ibiza” not in Spain but on the island of Pag nearby Zadar, Tom Hanks “Money Games” on the breathtaking island of Hvar and the movie “Venuto al mondo” with Penélope Cruz.
When arriving to Croatia, you might wonder where to go for a classy and refined experience. Istria has many of those places but one worth the visit is Opatija.
You won’t regret sightseeing this elegant city of Rijeka, 1 hour and a half driving from your Candy Brick luscious investment property, is a must go day trip to take your family or to relax on your own. The great thing about this city is that it can be delightful during the summer but also during the winter in Croatia.
Croatia holidays are defined by stunning nature, magnificent weather and superb food
For excellent dishes you need top quality ingredients and products. The fresher the better. And for sure the locally grown products in Croatia meet these requirements.
The really sunny and pleasant weather makes the Istrian soil perfect for agriculture. Many tourists come to the region to taste and discover the richness of Croatia’s gastronomy.
The soil in Croatia is red (terra rossa). This type of soil is typically present in Mediterranean countries due to karstic nature. It has good drainage and neutral Ph. Together with warm and moist temperatures, makes Croatia a perfect country for growing fruits and vegetables.
To build the best villas in Croatia you need to use the best materials available on the market.
At Candy Brick, we are very aware of this and in this article we will explain and show you the quality required for the construction of a Candy Brick villa.
First, to build the best villas in Croatia you need experts that know how to use the materials given in the right way.
The project manager has a really important role, responsible for selecting the right suppliers that will provide high quality materials for the construction.
At Candy Brick, we have Dušan Ivković an organised and committed project manager with 16 year experience in projecting and building houses.
Being a local Istrian, he has a wide network and knows who are the best suppliers for each material.
Second, you need workers that will handle the high quality materials with care, giving them the right treatment and using the correct techniques when installing them.
Zdravko Đokić and his team have built over 300 houses and understand every step is important to achieve an excellent result.