Insurance News Archive

Croatian property to show 'long-term sustained growth'

Property in Croatia is expected to demonstrate very strong growth over the next decade, according to an expert.

Investment Group Croatia, which has been operating on the country's real estate market since 2001, has said the destination is not "a place to buy and then try to get out of in two years time".

However, general manager Andrea Marston said more than ten per cent growth per annum is expected for the next few years.

Prices will vary, she noted, depending on the location and local amenities, but "you can buy, for example, a four-bedroom villa with a pool for 300,000 euros [£241,000]".

She pointed out despite the predictions it is unlikely there will be another "boom in the country".

According to the Croatian Bureau of Statistics in October 2008, the average price of new apartments stood at 13,427 kuna (£1,492) per square metre during the first six months of 2008.

This was up 11.9 per cent from the same period the previous year.

31 Oct 2008