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.
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.
Davis Cup – originally known as International Lawn Tennis Challenge Trophy -, is the main and biggest international tennis tournament in the sports scene. It attracts tennis players from all over the globe, giving them the unique opportunity to represent and play for their homeland.
How did the tournament start?
With Davis Dwight, born in 1879, as well as serving as Secretary of War was also an incredible athlete. In 1899, Davis, in partnership with others, proposed the idea of an international tennis competition.
In 1900, he then bought a trophy dedicated to the winner of the first contest, the international championship was then founded. The first contest worth the trophy was a match between USA and British Isles, that took place in the Longwood Cricket Club in Boston.
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.
A mediterranean lifestyle is what most people should aim for. But why is that? The Mediterranean diet and active life is a healthy and pleasant way of living.
The proof that mediterranean lifestyle and diet is so healthy, is in the fact that mediterranean countries have amongst the highest life expectancies in the world.
Croatia country has become a popular holiday destination in Europe. The climate, gastronomy and landscapes attract more and more visitors each year and for that, developments are necessary to keep this figure increasing.
Gari Cappelli, the minister of Tourism of the Republic of Croatia since October 2016, said: “ The achieved results of tourist traffic during the extended weekend mark the beggining of a good tourist year in Croatia. This year, we expect a billion euros of investment in tourism, through which, realisation, in addintion to the increase of traffic, will enable us to continue with the revenue growth that we generate from tourism, which is extremely important for the further developments of destinations”
Social media is being bombarded with Croatian landscapes during the summer of 2018. Sunny weather, clear turquoise sea, picturesque lanes and buildings make the perfect combination for that snap you are looking for.
Receiving the amount of 18.5 million tourists only last year, makes it easier for the spread of dreamy summer holidays in Croatia, and Instagram is playing a large role on this exposure.
If you wonder where to stay in Croatia, first you have to ask yourself what are you looking for and what you expect from your holidays in the country. If you would like to have a classy, refined and relaxing holiday, with quality stay and experiences one place you should definitely aim to Istria.