Overseas Property News

Croatia

Eastern Europe Booms: Croatia Ba-Ba-Booms

Croatia is currently one of the best countries to make an overseas property investment in because there are so many things you can look at and compare it with, and they all point to the likelihood of making strong returns now and in the future.

As so many countries in Eastern Europe take off economically, their expansions fuelled by rising tourism, trade, foreign investment, and overseas property investment. Croatia is perhaps the best of the bunch in that it has all the strengths of the rest, like an Adriatic coastline, cheap living costs, cheap property and proximity to popular established markets, and a little more.

Croatia is not only close to an established popular market, it is right next door to one of the world's most popular established markets: Italy. Also, when the other countries currently making names for themselves on the property investment scene began to expand in the early nineties, Croatia was held back by war. So, now it has some of the best value property considering its location, and some of the most impressive potential for big returns on investment.

With all these extra strengths it is easy to predict what effect Croatia's ascension into the EU will have on the economy. Based on countries nearby like Estonia and Ukraine, where the already expanding markets took on pace anew in their development, it is therefore likely Croatia will do the same.

Croatia has a strong tourism market and good yields can be achieved on overseas property rentals. Capital Gains tax and rental income tax are both 20%. However, foreigners can only rent their property out through a company. Though it is likely these restrictions will be relaxed upon entry to the EU, the current laws are not a problem for investors who buy their Croatian investment property through DSR.

Buyers of Olive Island resort apartments and villas priced from £140,000 have the option of paying a little more to have the rental of their property managed by an experienced and professional company, which gives the added benefit of a guaranteed rental yield. These properties are in the mid-high price bracket because of their prime Adriatic coastal location and the sheer quality of the resort.

The Olive Island Resort has all the amenities necessary (and unnecessary) for a fantastic holiday: swimming pools, golf course, spas, bars, restaurants and a gorgeous marina. What's more it has recently become very difficult to obtain planning permission for resorts and properties on the Croatia's stunning Adriatic coastline. So, this property could turn out to be a once in a lifetime opportunity to get your hands on a great value property on what is almost certain to become one of the most popular coastlines in the world.

Find out more about Croatia investment property at:
http://www.davidstanleyredfern.com

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