Instant Access Properties

Croatia investment 'medium term' prospect

Croatia is a country where property prices have been rising fast, but many believe this is "unsustainable", an expert giving property investment advice has said.

Rhiannon Williams, director of overseas property website Amberlamb, said the prospect of being able to make a quick profit by buying a property and then "flipping" it back onto the market is remote in the present economic climate.

However, she said, it is notable that the country has European Union (EU) candidate status, "meaning it could witness a strong upward price swing in the medium term again".

Ms Williams said the country has seen the government seeking to promote overseas investment, although this is constrained by pressure at home from those opposed to too much development or foreign property ownership, which has led to planning restrictions.

Croatia is hoping it can become an EU member as soon as 2010.


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