Investment Property in Croatia
Buying Guide
Economic Drivers
Good growth indicators
The good news is that experts are predicting that growth will come along quickly, and inward investment is already increasing, particularly in greenfield investments.
On top of this, inflation is under control and the Kuna is stable enough to provide a good platform for growth before joining the European Union and adopting the euro.
Education is good, with strong literacy rates of over 98%, and the past couple of years have provided impressive growth rates of 3% and 4%.
Once EU accession has been agreed, and as long as the Government remains stable, Croatia should be a contributor, rather than a drain, on Europe's economic power.
The growth catalysts
Zagreb is by far the most important city for Croatia's economy, with the country's highest-earners as well as big businesses based there.
Following the capital in terms of economic importance is the region of Istria - a reflection of the influence of tourism on the country's economy.
The Government is keen to build on this industry and develop the residential tourism side of the market, meaning that it should get easier for overseas buyers to purchase property in the country.
Intelligent development
At the same time, the Government is by no means selling off the environmental future of Croatia in return for the property market's cash.
There seems to be an intelligent approach to how much development is allowed to take place and if this is followed through to other foreign investment, growth in the Croatian economy should be stable and sustainable for the future.
Key facts
- Growth likely: inward investment is increasing, inflation is under control and the Kuna is stable enough to allow for growth before joining the EU and adopting the euro
- The past couple of years have seen impressive growth rates of 3% and 4%
- Zagreb is Croatia’s economic heartland and the Istria region it’s tourist leader
- The Government is keen develop the residential tourism, meaning that it should get easier for overseas buyers to purchase property there
Downloadable Reports and Documents
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