News Feature
'Eastern promise' drives Croatia investment surge
19 March 2008
The "eastern promise" presented by Croatia's rental market is pushing other popular property hotspots in the region out of the picture, it has been suggested.
According to real estate pundits at the Financial Times, Poland is also surging in favour among those in the investment know.
However, the team noted, the over-pricing and over-building which comes with such popularity has meant certain cities in central and eastern Europe are turning off investors - which makes Croatia an ideal long-term choice.
Thomas Hoeller, a board member for Pramerica Real Estate Investors, told the paper a 2007 rental increase in Poland was a welcome prospect.
"But, like Prague, Warsaw has an oversupply of poorer-quality offices so it is important to pick the right investments," he continued.
Mr Hoeller also remarked that Poland has followed a similar cycle to that of the Czech Republic, "where there is oversupply in certain cities".
It was revealed earlier this month that European officials plan to inject more funds into Croatia and its fellow Balkan destinations, which they say will "enhance the European perspective" by supporting the economic development of the continent's eastern destinations.
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Category: Istria, Kvarner and North-West & Northern Dalmatia and the islands & Southern Dalmatia, Korcula and Peljesac & Dubrovnik & Tourism News/trends
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