Investment Property in Croatia

Locations - Kvarner Riviera

Favourite among Croatians

The area overlooking the Bay of Kvarner, south of Istria and north of the Dalmatian coastline, is the closest part of the coast to Zagreb. It comprises two main parts, the mainland Riviera itself and the major islands of Krk, Cres, Rab, Losinj and Pag. On the Riviera are the pretty towns of Rijeka, Kraljevica, Novi Vinodolski and Crikvenica, providing the area with some beautiful seaside town colour and life. Kvarner is a favourite with native Croatians as well as a growing number of foreign tourists

Transport links

Access to this region used to involve a flight into the capital, Zagreb, and then a three-hour drive. However, access is now much-improved as the region's international airport, named Rijeka but actually situated on the island of Krk out in the bay, has recently become a destination airport for low-cost airlines from the UK. Furthermore, the seas around the Kvarner Riviera are deep enough for even the largest cruise liners to access the port of Rijeka.

Popularity with locals

The region is primarily seen as a transit post, and aside from the seaside resorts on the coast and the islands, is not considered to be a particularly attractive holiday spot, especially when compared with the pristine beaches and scenery found to the north and the south. However, it is popular with Croatian nationals due to its proximity to Zagreb and the anticipated improvement to transport connections in the area.

High domestic demand

For this reason, properties are not as cheap as one might expect. Little new-build has been introduced to the market and many properties do not make it as far as the overseas property market. The popularity of the region has led not only to prices rising steeply, but also to properties being snapped up by eager local buyers or those from the capital as soon as they become available.

Local buyers

These buyers have often been searching for a long time and have agents employed to get them a property as soon as one comes onto the market. The agents will, in most cases, prefer to take the business of these clients, charging a mild premium on the market costs to reflect the demand. Even though they could charge a higher premium to an overseas buyer, it is often seen as much easier to sell domestically, thus avoiding the issues that go with an overseas sale.

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