The Inescapable Potential of Investment Property in Croatia

At Amberlamb we’ve fallen head over heels in love with Croatia despite all our attempts to remain unbiased and objective - in this article we’ll be exploring the inescapable potential of investment property in Croatia because we just can’t help ourselves - but you know we’re still pragmatic, Croatia is far from perfect.

Ah, Croatia, Croatia…what a stunning and charming land so rich in history, so vibrant and vital, packed full of hope and potential for the future development of a prosperous and wealthy nation – restricted by outdated government legislation and a restrictive business and investment climate. 

It’s true, Croatia is one of the most exciting and thrilling nations in the world in terms of its potential - it is perched on the edge of great and wonderful things and we have massively high hopes that it achieves its aspirations to become a successful and affluent member of the European Union somewhere around 2009, that it develops high end tourism market appeal and that its real estate market is dominated by intelligent investment and sensitive architectural development.

However, with every giant step forward that the nation takes towards achieving the above listed goals, so the state of the business environment and the red tape and bureaucratic stranglehold that outdated legislation has over anyone who attempts to invest in Croatia, stifles and restricts positive development. 

Recently a few articles on Reuters and in the likes of the British Guardian newspaper have highlighted the reality of the restrictions in an ongoing discussion about the construction of golf courses in Croatia.  Apparently up to 60 sites have been highlighted by the Croatian government as being potentially perfect for the development of golf professional signature courses.  Yet because no one can actually agree on who owns the land (it’s a complicated process in Croatia), and because it will be far harder to obtain permissions and permits for investors to put their money in and for development to get underway than it will be to raise the millions of dollars of investment money to develop the golf courses in the first place, so Croatia’s ambitions to raise billions of dollars of tourism related revenue from becoming a European golfing capital are a million miles away from being realized.

But despite all this, to be honest we’re not worried because the government in Croatia as well as the younger generations of Croatians are well aware that there is a balance between allowing progress to happen and losing control, and that at the moment they are nowhere near achieving the balance because the fear of losing control is holding back everything from the encouragement of foreign direct investment to the simplification of the foreign freehold ownership of property process. 

When a nation like Croatia is aware of its faults, it will do the right thing and slowly but surely rectify them.

What this means in reality to you, our property investor friends, is that the inescapable potential of investment property in Croatia is actually escaping many people’s radar so that if you can see past the limitations and constraints currently restricting the enhancement of Croatia’s natural charms and graces, you can acquire land, real estate and immovable property in a country where there is definite and significant long term potential and where currently prices are remaining low and investment and development activity is relatively low key and haphazard.

Special Reports: Property News for Croatia

Croatia Investment Property Buying Process
Property investors interested in Croatia will be pleased to learn that the property purchase process is relatively straightforward

Croatia Property Buyer’s Guide
Why Croatia's emerging investment property market is growing in attraction for international real estate buyers.

Croatia Property Investment Overview
Croatia is re-emerging as a tourism hotspot and represents an excellent property investment opportunity for overseas real estate investors.