If you are interested in investing in luxury real estate, you should not overlook Croatia. This beautiful Mediterranean country has a lot to offer. In this blog, we will outline ten reasons Croatia is ideal for investing in luxury real estate.
Croatia’s Adriatic coastline is one of the most stunning in the world. Crystal-clear sea, picturesque coves, and over a thousand islands attract millions of tourists yearly. This Mediterranean gem offers unique properties along the coast, ideal for clients seeking prestige. Moreover, luxury villas, apartments, and houses with pools, private access to the sea, and other amenities provide the highest level of comfort and enjoyment of the Mediterranean lifestyle.
Croatia is known for its rich cultural and historical heritage, with many UNESCO-protected landmarks. Cities like Dubrovnik, Split, Šibenik, and Zadar have impressive histories, with countless historical buildings, museums, galleries, and cultural assets. Properties located in historic city centers or near cultural attractions are attractive to investors due to the high potential for investment in elite tourism.
Croatia is famous for its diverse nature, with beautiful beaches, mountains, lakes, and national parks, making outdoor activities such as hiking, rafting, cycling, and sailing popular year-round. Properties in stunning natural surroundings attract investors looking for a luxury lifestyle connected with nature.
Croatia has stable legislation that provides a favorable environment for real estate investment. As a member of the European Union and the Schengen Area, it is aligned with European legislation, providing security to investors. Buying properties in Croatia is relatively simple and transparent, with clear laws that protect the interests of property owners. Additionally, the tax system is competitive, with reasonable tax rates.
Croatia is a politically stable country that provides security to investors. Its economy benefits from the growing number of tourists and investments in various sectors. It is expected that tourism and the economy will continue to develop, with a positive impact on the real estate market. Croatia has also been declared one of the safest European countries due to its low crime rate and modern border protection.
5. Nautical paradise
One of the most indented coastlines in the world, with over a thousand islands and a mild Mediterranean climate, provides an unforgettable experience for sailors who have ranked Croatia among the world’s leading destinations in recent years. Many modern marinas, scattered throughout the Adriatic, are easily accessible to owners of luxury properties who prefer privacy and the romance of sailing over the hustle of city centers.
Croatia is an appealing choice for investors searching for value in their luxury real estate investments because remarkable properties are more reasonably priced than in other Mediterranean luxury locations.
Croatia is a renowned tourist destination experiencing steady growth in tourism numbers. With its stunning coastline, rich cultural heritage, and diverse natural beauty, Croatia attracts millions of tourists annually, creating a strong demand for luxury accommodations. This is an opportunity for investors looking to capitalize on the thriving tourism industry by investing in luxury real estate properties.
Croatia is well-connected to major international cities with its modern airports and excellent infrastructure. Many airlines operate regular flights to Croatia, making it easily accessible for international travelers. This accessibility makes it convenient for luxury real estate investors to visit and manage their properties in Croatia.
Croatia’s gastronomic offering is rich, diverse, and based on local ingredients and tradition. It is rooted in Mediterranean cuisine, a global standard for healthy living for centuries. The influence of various international cuisines also enriches the restaurant scene, with many receiving international recognition, and ten of them awarded the prestigious Michelin star.
Croatia actively promotes real estate investments through incentives and facilitation to attract foreign investors. Efforts have been made to simplify administrative procedures and expedite the property purchasing process, including reducing bureaucracy, digitalization, and improving legal security for investors.
All of the above makes Croatia a perfect destination for investment. Whether you are looking for your luxurious villa by the sea, an investment in the tourism sector, or a luxury apartment in the historic UNESCO cities, Croatia has it all.
With in-depth knowledge of the local market, Croatia Sotheby’s International Realty can discreetly assist you in finding the perfect property or investment that fits your needs and goals.
Building a luxury villa is a challenging process during which the support of experts is necessary to achieve the goal effectively. In this blog, we will take you through the basic five steps needed to realize your vision and describe how Croatia Sotheby’s International Realty can facilitate every step, from idea to realization.
Step 1: Vision
Before starting construction, it’s important to have a clear idea of what you want to achieve, considering your wishes, expectations, and lifestyle. Our team of experts enriches ideas, puts the concept into a realistic and feasible framework, and informs you about the means and time required for implementation.
Step 2: Location
The location of the building land is one of the most important decisions at the beginning. It strongly affects the value of the property, and the life quality of those who will stay there.It’s also important to consider the privacy aspect, the land’s orientation, and the accessibility of the facilities. It’s essential that you collaborate with a trustworthy partner to find the ideal location for your investment, ensure that all of your needs are satisfied at a reasonable price, and discover the market possibilities relevant to your vision.
Step 3: Design
Croatia Sotheby’s International Realty cooperates with renowned architects and interior designers who, taking into account the details of your vision, create architectural projects and an idea of the interior appearance to know the cost parameters and the possible sale price before construction. What sets us apart from the competition is the implementation of world design trends when creating the book of standards so that you can assess the details as clearly as possible and make the necessary decisions more simply. Obtaining a building permit is the crown of quality project preparation, after which construction begins.
Step 4: Construction
During construction, the support of everyone initially involved in the project is crucial. During construction, Croatia Sotheby’s International Realty can also offer you the possibility of “pre-sale”, that is, sell your property while still under construction. The fact that we were involved in the project from the beginning allows us to guarantee the quality of planning and execution to the client, in cooperation with the investor.
Step 5: Sale
If you decide to sell, the best moment is immediately after the completion of construction, when the property is finalized and equipped, because the luxury that our prestigious clients prefer can only be experienced in its full glory when all the requirements of the initial vision have been met.
The end of the construction cycle brings satisfaction to everyone involved in the process because the investor’s expectations have been fulfilled, the buyer’s dream has come true, and we are overjoyed because we’ve fully justified the demands of our clients.
In recent years all the axioms on which the investing was founded were brought to question. Equities, bonds, funds, insurance, cryptocurrencies, commodities, real estate are fields where investment logic today is changing. In any asset class, Yields, which was considered even a little bit safer for EUR denominated capital, seemed to be fruitless. The culprit this time was the central banks flooding the markets with liquidity policy.
At this moment, real estate buying is a sure bet in Croatia if you buy a good location for a fair price with the potential of growth. Still, from an investment advisor’s point of view, you can own only a certain number of real estates in total, and the prices have also gone north following market optimism based on wings of cheap financing and growing tourism trends. Here is important to mention system country risk, diversification of the portfolio, liquidity, ect.as, criteria for investment decision in any asset.
Relentless buying by European Central Bank caused, let’s say, 3% yields for conservative investors to be just wishful thinking and relict from the past while just getting back a few dozen promises on your investment is a cruel reality.
So forget about the nice yield from German bonds or interest rates on deposits. For any return, you have to dip in the high yield area.
Jumping on the train with equities was always a risky ride all along; although nice profits could be made and some tailwinds for the companies were present, everyone was asking what will happen when the music stops? And even though nobody knows when it will be, with bull run making a new record every day, it is not easy to believe all blue skies ahead in the coming months.
Private Banking Club by Splitska Banka
So, obviously, finding some interesting risk-reward ratio is hard to find these days. The private banking Team in Splitska Banka work on finding niches and least risky high yielding products. Structured products have proven to be an appropriate solution in the past few years and the most popular European investments.
What made them attractive were Interesting bonuses ranging from 4 for total conservative products up to 20% for more risky products and capital protection ranging from total to conditional, protecting up to 50% of decrease of underlying. And better yet, tailor-made solutions can be applied whether you prefer indices or some companies like Daimler, Louis Vuitton Moet Hennessy, or any available equity on the market while risking only as much as you decide to and on the indices or stocks you prefer. The markets are volatile, and the bull market is definitely aging, and messing with it is not a child’s play.
Private Banking in Splitska Banka got the experience to prove it, over 100 different products from 2014 onwards, making results satisfied the most demanding clients. Being a member of the Private Banking club in Splitska Banka means to have a reliable partner to take care of your assets.