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.
Schengen is, in fact, named after a village situated in Luxembourg, a small country surrounded entirely by Belgium, France and Germany. In 1985, the cooperation of governments directed to the signing of an agreement, in this agreement it was fixed a gradual abolition on checks and control on the border, easing the free movement of the european working population, that needs entering and exiting those borders.
In 1990, there was the implementation of this agreement, it started with 7 EU States in 1995 and now, is implemented as part of the body of rules governing the European Union.
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.
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.
If you are looking for a gluten-free diet while in Istria, you are in for a treat. Croatian food is traditionally is based naturally in gluten-free ingredients, while celiac-friendly pizzas will make your Croatian food experience complete.
Croatian food and Istrian cuisine is celiac-friendly
Traditional Istrian cuisine is a Mediterranean one, with a dose of continental influence. Locals rely on fish, olive oil, fresh fruit and vegetables, and throw in a piece of pork or ox meat for good measure.
For those looking for a healthy, gluten-free diet, it means their options are readily available in farmers’ markets, restaurants and shops. A bit of planning in advance will make sure they taste all the flavors of Istria.
Don’t be mistaken. Tax in Croatia isn’t like it is in a haven such as the Cayman Islands. It can be quite high. However, this won’t be the case with your Candy Brick investment property that gives you a high return on investment.
If you purchase your villa as a natural person you will have to pay VAT which in Croatia is 25%. This would be an additional €87,500 which you wouldn’t be able to claim back.
That is why we recommend you open a private limited company in Croatia (d.o.o.).
This is more advantageous as you can claim your VAT back in 30 days! If you can’t cover this amount for the 30 days, we can offer you an interest free loan to cover it.
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;
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