Croatia Property Market is set for a Boost as EU Membership draws closer
EU Accession for Croatia looks set to be on course for 2012, with an expected boost to the Croatian property market. Recently the EU Permanent Representatives Committee (COREPER) approved the opening of the final three chapters – judiciary, competition, and foreign, security and defence policy.
With the expected membership of the EU looming for Croatia, the property market has already seen a surge in demand by foreign buyers. Now that the final sets of chapters are set to be open it is likely that Croatia will become the 28th member of the European Union.
Buying property in Croatia is being seen as a good investment choice with Croatia’s strong market economy. In recent times the Croatian real estate market has become one of the most popular property markets for investors as the returns are predicted to be strong.
Croatia has more than an attractive property market to offer investors. Croatia has been blessed with a natural beauty that has a pristine quality and an alluring charm. The fact that Croatia is rising fast as an upcoming holiday destination (voted 4th in the 2010 travel awards in the category of favourite European country “Croatia retains its authenticity, lifestyle and excellent wines and food, remaining one of the last unspoiled parts of the Med. Travelex has recently voted it one of the best value holidays for holidaymakers hunting for some end of year sun.”) with its favourable climate and stunning beaches and islands. The Croatian government is now taking strong steps towards ensuring that the tourism sector of the country can be used to support its economy, and as a result, holiday homes, resorts and hotels are looking to be the next preferred investment option in the country.
With the future looking brighter than ever the next 2 years could set to be an opportune moment for investors and holiday home buyers to acquire a property in Croatia before EU entry. Demand is growing already and EU entry will draw greater returns from a property investment.
Kavanjin – Brac, Croatia
Kavanjin consists of 86 apartments in 24 separate buildings designed in keeping with the local surroundings.
Three architects have been involved in the planning of Kavanjin to create four individual styles of property within the same development. This creates a unique point of difference to other new build property developments in the market today.
For more details about buying property in Kavanjin, click here.
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