News Feature
Change in law 'could attract more foreign investment to Croatia'
12 September 2008
New laws giving people from EU member states the same home-buying rights as Croatian nationals could attract greater property investment in the country, it has been claimed.
The legislation comes into effect on February 1st 2009 and is expected to boost the Balkan nation's housing market, according to homesoverseas.co.uk.
According to the website, Croatia welcomed around ten million tourists last year - the World Travel and Tourism Council anticipates this to increase eight per cent annually until 2015 - leading to potentially increased investment in the property sector.
The news provider states that there is room for further capital growth in the country, despite recent rises.
Propertyinvesting.Net recently revealed figures released by the Croatian National Bank show an 89.9 per cent increase in the nation's property prices in the last year.
Since 2004 alone there has been a 61.6 per cent rise in values, while the capital, Zagreb, has enjoyed a boost with the average apartment in the city going up from 1,400 euros (£1,172) to 2,300 per square metre.
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Category: Tourism News/trends
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