News Feature
Croatia property: Low entry costs attract more investors
15 February 2008
More first-time buyers interested in overseas property are turning their attention to "emerging markets" like Croatia, it has emerged.
Paul Collins, property editor for the BuyAssociation website, noted that a primary attraction to such markets is their lower entry costs.
However, he went onto warn that individuals should thoroughly research their options in order to make a return - criteria which Croatia's blossoming villa and apartment sector amply fulfils.
Mr Collins suggested that people buying their first property in order to build up some equity remember to look for an "exit strategy".
"If they're looking to make some capital gain in the space of, say, six to nine months, you need to make sure that there's a resale market there to enable you to sell that property on," he explained.
With more and more culture seekers heading across the Adriatic to buy or rent villas, a recent study published by UK National Savings and Investments revealed that 84 per cent of 18 to 30-year-olds think buying property abroad is a more viable option than buying in Britain.
Just this week, overseas real estate expert David Stanley Redfern remarked that the returns available in Croatia are "no longer secret", nor confined only to professional buyers.
Category: Tourism News/trends
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