Our Agent speaks to The Telegraph about Real Estate Market in Croatia
With stunning islands aplenty and an economy showing tentative signs of recovery, it may be time to consider buying a property on Croatia`s Adriatic coast.
Croatia’s cove-laden coastline, historic harbours and more than a thousand Adriatic islands are well known among the global yachting fraternity. The region is less known as an international property destination, but a number of economic indicators bode well for greater visibility on the global market.
Dubrovnik – which once hosted the likes of Noel Coward, Richard Burton and Elizabeth Taylor – is reported by property portal Centar Nekretnina as the most expensive market in Croatia. Within its environs, for example, a five-bedroom high-end waterfront villa including a boat is priced at €3.4 million from Savills affiliate dreamcroatia.com.
There are plenty of properties for more modest budgets, be it a small coastal apartment or even an island ruin. “Restoration costs in Dubrovnik’s old town are upwards of €1,500 per sqm, while elsewhere this could range from 15 to 30 per cent lower,” explained Nataša Elaković at Savills Dream Croatia.
A word of warning about the purchase procedure, wherever the property: use a reputable agent and take independent legal advice.
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If you have already decided to buy real estate, you are certainly interested in the purchase process. We will soon publish a guide for you in which we explain all the important steps in detail.