Croatia government working overtime

The Croatian government has been commended for its efforts to encourage foreign investment in the country's property market...

According to Paul Collins of Buy Association, the government has done everything possible to bring more overseas property investors into the market, including highlighting the country's tourism potential, and removing obstacles to foreigners buying in the country.

Liam Bailey, chief market analyst for overseas property portal Property Abroad had this to say of the Croatian market: "The Croatian market exploded during the overseas property boom, but its sheer popularity as people expected EU membership to be just around the corner. This however led prices to be driven up rapidly, to the point where not much room remained for fantastic growth.

"However, the Croatian market is expected to experience another boom when EU membership is finally granted, and those who buy now, to hold possibly for several years, should enjoy 6-8% rental yields if they choose their Croatia property carefully.

Croatia is world renowned for its beautiful beaches, and striking hills and landscapes, as well as a beautiful Mediterranean climate, making it very popular with tourists from around the world.

Source: www.property-abroad.com