For those who are not familiar with Virtuoso, it is nothing more nothing less than a huge network of the best luxury travel agencies, with more than 17,500 advisors worldwide.
Virtuoso releases a luxury european tour report every year, in which displays what the travelers seek when looking for a perfect holiday destination. The report for this year, revealed that people are looking for pristine, unique and less-known destinations to visit.
In 2018, Croatia featured on the second place on list of top emerging destination, amongst Japan, Portugal, Cuba and Iceland.
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 the attention of tourists.
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.
Croatia weather is famous for its sunny and very warm days. It keeps attracting millions of tourists yearly, willing to spend their holidays either on the side of a swimming pool, along the numerous promenades extended through the Croatian coast line, or on the beautiful beaches.
But one thing that many tourists don’t expect or even consider, is Croatia as a winter holiday destination. And believe me, it is as stunning as the sunny glorious days of summer.
Croatia weather fluctuations
Croatia weather can go as high as 36 °C during the summer, but surprisingly can drop as low as 7 °C in the winter. However this temperature drop doesn’t interfere on the fact that, Croatia is a perfect holiday destination, regardless. So, instead of visiting the popular winter destinations on your holiday, be surprised by what Croatia has to offer during the not so sunny seasons.
The food will make you warm and happy
One thing is for certain, the food is spectacular on any season of the year. During the summer you can delight yourself with delicious and fresh seafood meals. During the winter it is no different, you will also delight yourself but with hearty, warm and meaty dishes.
Traditional Croatian food have some similarity with Italian, Austrian, Hungarian, and Turkish. But the Croatian culture gives it its own twist. These include manestra, a bean soup prepared only in Istria, or fuzi, a hand-rolled pasta typical for Istria. In the cold days of winter you can be served Sarma, which is sauerkraut stuffed with minced meat and rice with spices.
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.
If you are planning on investing in Croatia, in an specific sector, for example real estate, it is important to know beforehand, what is the investment scene of the country you are aiming for.
It is not news that the main industry and sector that receives more investments currently in Croatia is tourism, showing amazing numbers that constantly increase yearly. For that reason, plenty of investments are moving towards Croatia’s tourism. However, the country is aware of other sectors that are growing interest for large amounts of investments, for example:
DAMAC was the first real estate company from the Middle East to list on the London Stock Exchange and they raised 379 million US dollar in the form of an IPO.
Valamar, a large investment group that operates in Croatia, plans to invest 2 more billion kunas by 2020 in real estate in Croatia, being 95 mln only in 2018.
Industrial and Commercial Bank of China has set up a 11 billion dollars fund to invest in Central and Eastern Europe. If you fit this money in a room it would probably reach the ceiling.
Currently the fund invests in projects in Poland, however the fund has already contacted the Croatian government with a request of presenting them some companies to invest in or projects.
China has a long term history with Croatia, 700 years to be more precise, but recently a smart investment from China opened the doors to Croatia. The potential that the country has for investing is for sure very attractive
Another aspect that raises interest from China in Croatia is its tourism, not only to invest in the industry but also to facilitate the arrivals of Chinese tourists to the country.
What’s the recipe to the right real estate investment opportunity?
In this article you’ll read about very important aspects of real estate investing and how you can benefit from it in the future.
To start with that, it would be great having a team of analysts making the research and providing you the direction on where to place your capital and invest.
But having a team can be costly, and for some investors the usage of potential investing capital to hire members and support is misuse.
While you collect information and research on your own, some people rater spend for this detailed research but what sometimes is not considered is that this process can take up years.
One wise way to direct your own investment research is observing in what industry and location well known investors are putting their money on, this way you can surf the wave of investment opportunities.