Croatia property “risky but exciting”

In Hungary

Those investing in property in Croatia away from the coast will be embarking in a high-risk strategy but should find some outstanding assets, it has been stated.

Rhinannon Davies, director of international property investment website Amberlamb, stated: “If you’re a risk-taker and you’re not afraid of hard work you can find stunning, well-priced property stock in Croatia’s inner regions.” She suggested that this could be a precarious move because it went against the grain of overseas investment in the country and could mean such properties were hard to rent out or sell on. Reflecting on alternatives, Davies ruled out the capital Zagreb on affordability grounds and suggested land banking or commercial property could be a wiser move.

Investors in Croat property may see buy-to-let to tourists in scenic coastal areas as the best way to make gains. The country’s tourist board said that between January and November 2007 the number of foreign and domestic tourists totaled 11 million - up 8% on the equivalent period in 2006. (Property Industri News, UK)

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.