15.10
2018

Croatia is now investing on health tourism!

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:

 

Real Estate

 

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.

 

Banking

 

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.

 

30.09
2018
Triple Check

Property for sale in Croatia? Triple check everything

If you plan to buy a property for sale in Croatia, you might be wondering about the numbers, how much capital you have to invest, what are going to be the costs and the maintenance and finally, your return of investment.

Surely those numbers are really important, but you should also consider a property for sale in Croatia as a home you could live in. During the building stage of your home, you look for high quality materials, best performance and the effect they will have on your pocket.

Home abroad

 

Croatia is know as a sunny and warm country, but what many people don’t know is that, during the winter the temperatures can go as low as -5 degrees on January, and as high as 38 degrees on the peak of summer in July.

The temperature variation is a very important factor that you have to consider when buying a property for sale in Croatia.

That is why it is fundamental to check if the property has good appliances but mostly importantly, good thermal insulation that is be able to maintain the heat and the cooling in the house. Like this, you will have to turn those appliances on less often, reducing the bills and increasing the life expectancy of those equipments.

 

 

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17.09
2018

Istria: Tourism arrivals in August!

Over 1 million tourists arrived in Istria in August 2018, generating 8.5 million overnight stays all over the peninsula

The region of Marčana in Istria, where Candy Brick villas are located, had an increase of 9% arrivals in comparison to August 2017. This generated an impressive 5,000 more overnight stays. These numbers keep increasing over the years.

The good news about these numbers are that they show the region of Istria is attracting an incredibly large amount of tourists. This is impressive considering that there are only 208 thousand inhabitants in an area of just 2,813 km².

Istria is divided into 10 officially designated cities and 31 rural municipalities. During the summer peaks, it can get overcrowded and lack of options for accommodation creating more opportunity for rentals.

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30.07
2018

Self sufficient investment villa!

Your Candy Brick investment villa is not only a luscious and high quality property but it is also self-sufficient

Considering that Croatia has around 300 sunny days per year, the potential for solar energy generation here is massive. That’s why your Candy Brick villa comes pre-installed with photovoltaics and solar thermal water heating. So your villa will generate enough energy to cover it’s electricity need.

You can classify the types of solar energy in two systems:

  • Photovoltaic (PV) 
  • Solar thermal

PV technologies produce electricity directly from sunlight by converting solar energy into electricity. Many PV cells are linked together to make up a PV solar panel. Instead, solar thermal technologies use the solar energy to produce heat. Electricity is then generated from the heat collected.

Both systems generate direct current (DC) energy and then convert it to usable alternating current (AC) energy with the help of a power inverter. AC energy then flows through the home’s electricity panel, distributing energy accordingly.

What will these system supply electricity to?

Well, apart from providing the electricity to charge your phone, laptop, or maybe even your Rimac Concept One electric car. The solar energy systems on your investment villa will also provide the heating for your water. As a result the underlay of pipes of water placed below the flooring will provide you with spectacular underfloor heating.

These systems will also supply energy to other applications implemented in your investment villa:

  • Heating and cooling for the swimming pool;
  • Air conditioning for the whole property;
  • Hot water for showers and general use;

Photovoltaic panels

Zero electricity bills maximise even more the financial return of your investment villa

The cost of electricity bills coming from old and polluting sources can be quite a burden on the pocket, as well as for the environment. Opting for an innovative and clean way to generate energy is the only way to reduce or even extinguish this cost completely.

So, thanks to these innovative systems producing enough energy for your investment villa to be completely self-sufficient, you will get the best return on your investment.

Can this get any better? Yes, it can!

Any excess electricity your solar systems produce that is not used, can be sold back to the grid to make you an extra income. Consider, in particular, the times when you will not be enjoying your investment villa or it is not rented out to guest. It will be generating you an extra income. This could be between €3-4 a day! In the future, your income could increase up to 10x should the government reintroduce feed-in-tariffs


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01.07
2018

Beaches in Istria: The rich coast of Croatia

1,800 kilometres of coastline in the entire country, with its islands and turquoise Adriatic, makes it a perfect holiday scene

Istria is the largest Adriatic peninsula, surrounded by the sea, it has always represented the bridge that connects the Middle European continental area with the Mediterranean.

 

15.06
2018

E-mobility expanding in Croatia, electric cars and charging stations arrived.

Expanding the infrastructure is extremely important to attract investments of the same kind

Croatia is home to the first ever electric super car; The Rimac Concept One. It’s a two-seat high-performance electric car designed and manufactured between January 2013–November 2014 by Rimac Automobili.

Mate Rimac, the founder of Rimac Automobili, played part recently in the electric Jaguar used by Harry and Meghan at the Royal Wedding.

Apart from being the birthplace of the first electric super car, Croatia has yet to shown much interest in adopting new sustainable, and modern mobility technology.

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26.11
2017

Listen to Istrian geodesist before you search for villa for sale in Croatia

Before you search for villa for sale in Croatia, listen to the interview with Deni Tomisic – an expert geodesist from Istria. 

 

You really don’t want to be in a place of a real estate investor, who is buying an investment property abroad, in Croatia, without checking first the land issues!

You should get now a chill up your spine. Brrrr…

 

 

Checking aspects connected with the land seems obvious when… buying a land.

However, it doesn’t sound so self-evident, when going through houses for sale in Croatia with a fine-tooth comb.

And in fact, many investors, once they see how much they can make yearly from renting out the villa to tourists, they don’t analyse much more.

SLOW DOWN

The moment when your eyes feel like 2 bling-bling dollars  is time to take a breath and make a couple of questions.

Start from making sure that the geodesist, who was involved in the construction of the villa that you want to buy and let out in Croatia, is an expert, who really knows his job.

With support of an expert geodesist question marks will quickly disappear and you will be sure what is an interesting investment property and what is definitely not.

 

Interview with Deni Tomisic – an expert geodesist from Istria Croatia

 

In the first episode of Candy Brick Podcast – the first podcast about real estate investing in Croatia – you will meet Deni Tomisic (ABAKA d.o.o., Rovigno in Istria Croatia).

Deni Tomisic can’t count the number of cases that he solved successfully for real estate investors in Croatia.

In the podcast he shares most difficult cases and proves that with expertise and good preparation every goal can be met.

Technical aspects of geodesy, the reasons why every investment project in Croatia must be supported by an expert geodesist, problems of investors who search for villa for sale in Croatia, business opportunities, practical tips – all this you’ll find in this episode!

If you are interested in having a property in Croatia that you rent out to tourists and benefit from rental income, you really need to listen to interview with Deni Tomisic.

 

What are the topics of the podcast with Deni Tomisic? 

 

  • How did it start that Deni Tomisic became an geodesist?

 

  • What was the most difficult project in which Deni Tomisic was involved in, as an geodesist, and how did he solve it? I only mention here, that there was one case in which he found an agreement with 50 people! This shows the importance of human relation for a top-notch geodesy project.

 

  • What does the geodesist actually do?

 

  • Catastar“, land registry Croatia – what data can it give to you?

 

  • What are the mistakes that a geodesist may do during his job? (such errors could cost you a lot of money and nerves if you search for villa for sale in Croatia)

 

  • How to find a geodesist if you are a new investor in Croatia? Who should you avoid to work with?

 

  • You are interested in few real estate in Croatia. Let’s say in Istria. You’re still not the owner. You are coming with them to a geodesist… What should you ask the geodesist to be sure that you actually buy, what you know to buy.

 

  • Case study: February night… big problem with villa for sale. Actually, there were more villas for sale. 3 lawyers in Rijeka Croatia can’t solve Marta Stone’s problem. The real estate agents “seem” to put a trap on a foreign investor. Deni proved (in less than 24 hours!) that the villas priced 1,8 mln euro can be anything. But for sure not an investment! Listen to the whole story in the podcast.

 

  • What are the best places to buy in Croatia? Istria? Dalamtia? Zagreb zone?

 

  • Istria in 10 years – what will it become?

 

Play the audio below and listen to the podcast

18.11
2017

Buying property in Croatia? OK, but first, geodesist

Buying property in Croatia? OK, but first coffee, geodesist

 

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.

 

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.

 

Professional analysis starts from the geodesist

 

From the geodesist? But, I’m not buying a land in Croatia. I’m buying a house!

Take control over the situation when buying property in Croatia, find out who was the geodesist involved in the house project and construction.

This figure is extremely important for the house and the plot. If he made errors, and you don’t do a professional analysis with a new geodesist before the purchase, you will end up paying for it.

Another case study, why should you pay extra for something that doesn’t exists?

Imagine you bought a house on a plot of 435m.

After a few years you wish to sell the house. For that you hire the geodesist to measure the plot.

You find out that the plot is of 400m! Meaning the land registry contains errors.

You have never had 435m. That means you had paid for something that never existed! And it’s only, because you did not check the size of the plot before purchasing with your own geodesist.

Now, if a new buyer surely reads this article and takes in consideration the advice, he will check your plot for sure before the purchase and will surely not pay for 435 m without checking!

 

Buying property in Croatia? OK, but first “coffee” with a geodesist. And you can have it right now

 

Deni, our geodesist works with Abaka a company based in Rovigno, Istria Croatia and has supported many successful projects with his knowledge and expertise.

His role is fundamental for any investment project in the real estate market – without him no villa could be built!

And that is why we interviewed the geodesist to share his knowledge with you.

  • Why is the geodesist so important for an investor? What can the geodesist do for an investor?
  • What type of problems a property investor finds if he doesn’t involve an expert geodesist in the project?

You will also learn:

  • In how many projects was Deni Tomišić involved?
  • What was the most difficult project that Deni Tomišić was involved in and how did he solve it?
  • What are the best places to buy in Croatia? Istria, Dalmatia or maybe Zagreb zone?
  • How does he imagine Istria Croatia in 10 years? What will improve until that time?
  • The most important advice that Deni Tomišić can give to an investor buying an investment property in Croatia from geodesists’ point of view.

Click here to listen to the interview with Deni Tomišić. You can also find it in our youtube channel.