Croatia is developing very fast and surprising investors. Tourism and infrastructure are sectors to be developed and that are already on the progress of evolving, currently being funded and developing.
However, lately Croatia has been paying attention also in its health tourism this year, the Croatian Medical Group had as a goal to get 3.8 billion to start increasing the health tourism in Croatia.
Miljenko Bura of the medical group expressed that “Because Croatia is full of natural resources and pure gives the country a huge potential for health tourism also.”
Talking about natural resources
Another surprise is that the country decided to turn their heads to renewable energy. In fact, it has not been for the first time. The nature that Croatia offers is not only beautiful for the sight, there is a lot of potential to be explored and used.
According to the Balkan Green Energy News, the company HEP (Hrvatska Elektroprivreda), dominant state owned company, on cooperation on the Orlec Trinket solar power plant project on the Cres island, built the largest solar power plant in Croatia.
Dubrovnik is a stunning destination, without any doubts, it attracts on a typical day, the average amount of eight cruise ships. Having in mind, that each ship brings around 2500 tourists, overcrowding the streets of the charming UNESCO heritage, the incredible total of 20,000 visiting this town every day.
Dubrovnik is really having it
A population density taken in 200, shows that the number of inhabitants in Dubrovnik is 43,770 people in a total area of 143,35 km². However, considering that the tourists concentrate in the urban area, which in Dubrovnik is of only 21,35 km², that is nearly 1000 tourists per km², plus the locals which adds more to this number, everyday on an average day.
There are testimonials of locals that saw around 12-14 ships arriving o Dubrovnik in a day. Bringing 30,000 tourists in a day, increasing the number of people per km² by 50%.
The trend is changing
According to Virtuoso, which releases a luxury european tour report every year, shows that high spending tourists are not attracted and don’t enjoy overcrowded areas. In other words, overcrowdedness kills, most of the times, the landscape and experience that a person will have during their holiday.
Real estate investing varies from country to country. Investors looking for the best return on investment, but also to invest on a property that they can take advantage of this investment, in a country that they can enjoy it.
The luxury real estate is taking over the industry in Croatia, starting from the hospitality industry, that saw the potential of the luxury stays, throughout the stunning Croatian coast line combined with an extremely rich culture and gastronomy.
Together with it, a wave of investments developing the infrastructure, is making the country even more attractive not only for hospitality but for luxury real estate investing.
Sotheby’s International Realty
According to the director of Sotheby’s International Realty Croatia, director Marko Pazanin, there is an increase of 25% in Luxury listings “Clients are mostly German, Austrian, Czech and Slovakian nationals, followed by clients from Scandinavian countries and England,”.
This increase, has a lot to do with the country itself, and also the advantages and high return on investment that Croatia presents to investors worldwide.
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 tourists seek when looking for a perfect holiday destination. The report for this year, shows 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 spectacular 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.
Where To Stay In Croatia: First, Look A Bit At Its History
Istria is full of surprises and has a rich history. Before the Roman Empire occupied Istria, the regions of Croatia, Bosnia, Herzegovina, Slovenia, Montenegro, Serbia and Albani were inhabited by the Illyrian tribes.
Illyrian is a name given by the Greeks to this ancient tribe that moved through the Adriatic shoreline.
After the Illyrians, the Roman Empire arrived. In 178 and 177 BC, what is now known as Pula, used to be a Roman port that gradually spread its influence over the towns of Istria.
Most of Istria’s major buildings were constructed during the Roman Empire period, that is why the style of these buildings such as Amphitheatre and Forum are clearly Roman. Istria was in fact considered one province of Italy, but that lasted only until the empire did.
The Venetian Rule
After the ancient influences came the Venetian Rule. Most of the coastal towns in Istria, like Poreč, Umag, Novigrad, Motovun, Piran and Rovinj were also under the Republic of Venice rule.
Therefore the style of this towns and even a few buildings such as the Venetian Tower in Cres island remain preserved.
The Austro-Hungarian Empire (Dual Monarchy), making Croatia-Slavonia a kingdom in 1814.
It became Afterwards a Croatian-Hungarian Settlement in 1868 and ended in 1918. Then until 1947 it was part of Italy, then Yugoslavia, and, finally, in 1991, Croatia.