Croatia property marketCroatia, as a country with increasingly stable political and economical position, has gradually started to become more attractive to foreign investors. Recently, it has re-emerged as a tourist destination and is becoming one of the hottest destinations to travel to and, most of all, where one can own a property. Prices are rising steadily and realistic expectations would consider the rise of 15-20% per annum. Croatia’s accession to the EU is playing a big role in the Croatian property market. Due to directive of EU commission, Croatia has recently opened real estate market to Italian citizens, who are showing huge interest in Croatian properties.
Consiliator can offer you a guide through steps needed for secure purchase of the real estate in Croatia. Professional team can provide you with consultancy in all the steps: from evaluation, mediation, legal help, purchase, land registration, tax consulting, development, project management and property management. In terms of Croatian property, Consiliator is literally One-stop shop. For those who are looking for second homes, Consiliator offers large portfolio of apartments, out of which many are located in recently very popular region – small places near Split and its airport (Čiovo, Trogir, Marina, Primošten, Rogoznica etc.). Apartment prices vary from 1300 to 2500 EUR per square meter. “Hot” properties in Croatia are definitely old stone houses, each having rich history and exciting architecture. Old stone-house cities are also the most beautiful ones, like in Dubrovnik, Trogir, Korčula, Hvar, Split (historic centre) etc.
Current price of such a house (which needs refurnishing) is between 1200 and 2000 EUR per square metre, and the prices of refurnished ones go up to 3000 EUR. For bigger investors and developers, Consiliator offers large pieces of land on the coast for the purposes of apartment,
villa or hotel development. Croatian government has issued some restricted measures for coastal construction and many of the cities did not yet adjust their plans to those regulations. Properties already built and plots of land that already have planning permission are already
set at a much higher value. Prices for land in the coastal construction area vary from 80 to 250 EUR (up to 1000 EUR for exclusive locations) per square meter. Consiliator can assist an investor in the process of evaluation, purchase, site planning, and communication with local urban offices, obtaining licenses, construction, and in the final sale or lease management. Consiliator offer also includes exclusive villas on the coast, like the magnificent house of famous tennis player Goran Ivanišević, situated in the most beautiful part of Split, or an old stone villa in the centre of Dubrovnik. Lately, we are experiencing the rise of interest for large pieces of non-constructible coastal land. The reason for this is a very low percentage of the coastal land which is presently being constructed (about 15% of the total coastline of around 6 thousand kilometers). Price of 10-20 EUR per square meter is attractive enough for speculative buy. Several large projects have emerged recently (land of over a million square meters) as the investors were working with the local governments, in order to include non-constructible land into urban plans. This land will then be divided into construction zones for tourism development (4 and 5 star apartments, villas, hotels). Five star resorts, like Hilton, Le Meridien and Kempinski, entered these exclusive resort projects along the Croatian coast. As an experienced market player, Consiliator can foresee a sustainable growth of the market with no risk of overbuilding (because of the strict regulations). In other words, demand is growing and will boost in the final stage of negotiations for EU accession, and offers will grow much slower with the stable 2-digit price growth. In the end, it is important to mention, it seems that Croatia will not make mistakes done by the others and have less properties to off er on the market, but will have greater amount of unspoiled nature and quality lifestyle.
BUSINESS CENTER FOR RECONSTRUCTION IN TREŠNJEVKA |
RefId: P1024 |
|
| Real estate type: | Business premise |
| Real estate name: | BUSINESS CENTER FOR RECONSTRUCTION IN TREŠNJEVKA |
| Description: Business building for reconstruction, total area 12939 sqm. Possibility to build 7 levels (-1, ground floor, gallery, 4 stories). For commercial use: bars, restaurants, offices.
Price: AT REQUEST. |
| Real estate location: | Zagreb - Trešnjevka |
| Built area: | 12939.00 m2 |
| Total area: | 12939.00 m2 |
| Price: | EURO |
BUSINESS CENTER FOR RECONSTRUCTION IN TREŠNJEVKA (WEST SIDE) |
RefId: P1025 |
|
| Real estate type: | Business premise |
| Real estate name: | BUSINESS CENTER FOR RECONSTRUCTION IN TREŠNJEVKA (WEST SIDE) |
| Description:
Business building for reconstruction, total area 3865 sqm. Possibility to build 10 levels (-1, ground floor, 8 stories). For commercial use: bars, restaurants, offices.
Price: AT REQUEST.
|
| Real estate location: | Zagreb - Trešnjevka |
| Built area: | 23072.00 m2 |
| Total area: | 23072.00 m2 |
| Price: | EURO |
RESIDENTIAL INVESTMENT DEVELOPMENT PROJECT NEAR DUBROVNIK |
RefId: G1001 |
|
| Real estate type: | Buildable lot |
| Real estate name: | RESIDENTIAL INVESTMENT DEVELOPMENT PROJECT NEAR DUBROVNIK |
Description:The land extends to the sea and is located just 6 km from Dubrovnik in an a quite gulf.
On the building plot of aprox. 9,400 m2 with 0.3 construction density and with 4 stories, it is possible to develop aprox. 10,500 m2 of gross living area (lower ground floor+ground floor+1st floor+attic.
The development of garage parking spaces and storage rooms is allowed underground-additionally.
Zoning is M1 according to GUP.
The two potential options are available to the investors:
1) 100% of the co shares as the sole owner of the 9,406 m2 of land with all pre- made operations involving development on the land (architectural ideas/contacts, legal documentation, development financing possibilities from banks etc.)
2) 50 % of shares in the co for Joint Venture Partnership deal with equal investment in the further development process.
Price: 285 EUR/m2 for 9.400 m2.
Pre-fisibility study presentation is available to quilified buyers.
|
| Real estate location: | Dubrovnik |
| Built area: | 0.00 m2 |
| Total area: | 9400.00 m2 |
| Price: | EURO |
BUILDABLE SEA FRONT PLOT |
RefId: G989 |
|
| Real estate type: | Buildable lot |
| Real estate name: | BUILDABLE SEA FRONT PLOT |
| Description:Seafront Plot of land situated in a prime location with fantastic views over the Brac channel. 5800m2 within building zone. 4000m2 can be developed immediately. 1800m2 awaiting UPU. |
| Real estate location: | Solta island |
| Built area: | 0.00 m2 |
| Total area: | 8163.00 m2 |
| Price: | 1632600 EURO |
Croatia, hotspot for property investment in
Mediterranean as it used to be
Today, the rest of the world has opened its eyes to Croatia's charms and
kilometres of coastline, wealth of Roman ruins, medieval hilltop castles and
natural wonders, as well as its warm and welcoming people. It has 5,835 km of
coastline which is built up only on 15% of its length and has over 1100 islands.
With its position, beauty and diversity of nature, fast economic growth,
democratic changes and candidacy for entering EU in 2009 it has rightfully got
the title of emerging real estate hot spot in Europe.
One visit is enough to come to the conclusion: Croatia, Mediterranean as it
used to be.
As a direct result of the foreign investment flowing into Croatia in both the
business and tourism sectors the country is becoming more successful, more
wealthy and more desirable as a place to live, work, invest and holiday. A real
estate investor looking for a secure emerging market with masses of potential
for profit should consider Croatia.
Property prices over last 3 years have been rising at 20% to 30% per annum.
Property Investment in Croatia
Consiliator is a company established in 2004 and very soon became one of
the leading
real estate agencies in Croatia. Our professional team can provide consultancy
at all stages from evaluation, mediation, legal help, to purchase, development,
project management and property management. We will provide you with all you
needs for your property investment in Croatia.
In order to achieve our mission, we are employing a team of young, highly
motivated and educated professionals.
There are several hotspots for the real estate investments and Consiliator
have a property offer in all of them:
 |
Istria where there are many villa and hotel resort development
projects are going on and the region starts to look like a new Tuscany. Recently
Kempinski, well known hotel chain started a development near the city of Umag
and by spring of 2008 pledged to construct a five star plus category hotel and
29 new villas, an 18 hole golf course, new congress centre and berths for 38
yachts. |
|
|
Dalmatia, the most beautiful part of the Croatia with many different
Hotspots: |
|
|
Dubrovnik Famous saying of the Irish writer Bernard Shaw: "Those who
look for a paradise on earth should come to Dubrovnik." Isn't it a sufficient
reason for you to set out for Dubrovnik and invest into property of your own? |
|
|
Hvar Island has become a yachting hangout for Europe's rich and
famous. Apartment and villa developments are available and the pressure of the
high demand reflects prices. |
|
|
Korcula Known as the birth-place of Marco Polo, this town has been
justly called "a little Dubrovnik" due to its picturesque squares and medieval
atmosphere. Old stone houses in the Korcula old town were the first to have
found buyers and many of them are now being refurnished to small hotels and
villas. |
|
|
 Split - Dalmatian regional centre 1700-year-old city located in the
heart of Central Dalmatia. It is known for the very well-preserved palace of the
Roman Caesar Diocletian which nowadays presents historical centre of the town.
There are several hotel developments and apartment village developments in and
around Split. The most sought after properties are located inside the palace
walls and are subject to high demand.
In Dalmatia, there are many others interesting places to invest like Trogir,
Primošten, Šibenik, Zadar, Brač etc. |
|
|
Zagreb is the political and business centre of Croatia. Real estate
market is showing huge growth over last couple of years. Over 300.000 m2 of
office space, over 100.000 m2 of shopping malls were built and more than 10000
flats. On office space yields are still on 2-digit numbers but are stabilizing.
One can still feel the lack of quality housing and some analysis show that there
are 50,000 flats missing in this moment. Apart from the local demand for new houses,
there is a demand from expatriates and international executives for houses and
apartments to let. |
Consiliator is the exclusive agent for one of the hottest properties in Split
and Croatia, the house of famous tennis player Goran Ivanišević in Split and his
summer house on the island of Brač.
In all hotspots Consiliator is present either with its own office or with the
partner network and can assist you in any business related to real estate.
For property developers there are substantial opportunities available in the
tourism sector with high demand for quality hotel accommodation. For those
hoping to profit from maximum short term capital gains on real estate, there's
the potential to purchase off plan or finished properties and flip upon
completion by reselling to the waiting holiday and second home market.
Alternatively for those hoping to derive an income from their real estate
investments there's the potential to let out units to the tourism market
(Dalmatia, Istria), the local market and also the expatriate market (Zagreb and
Split mostly).
The banking sector is stable and over 90% in the hands of large foreign banks
and property financing is announced to be available for foreigners in the near
future.
Get to know Croatia as a country of historic cities, culture, beautiful views
and the nature, and let us help you finalise your logical decision to invest in
Croatian properties.
For detailed information about investment projects opportunities in Croatia contact our proffesional team
Our contact details are:
Split Office, Hrvojeva 10, 21000 Split, Tel: +38521360260, Fax: +38521360261, Mail: consiliator@consiliator.hr
Zagreb Office, Vlaška 78, 10000 Zagreb, Tel: +38514638901, Fax: +38514610704, Mail: consiliator-zg@consiliator.hr
|
