3 September 2009
Croatia’s hopes of becoming a full member of the European Union could move a step closer to becoming reality, if the country’s prime minister, Jadranka Kosor’s claim that 95% of the border issues with Slovenia have indeed been resolved.
The border debate has posed one of the greatest barriers to Croatia's full accession into the EU, which would undoudebly boost the Croatia property market as well as economy.
The price of property in Croatia doubled between 2000 and 2007. However, since the global credit crunch took, the country’s residential sector attracted significant investment from property buyers from around the Europe, particularly Italians, Germans, Britons, Austrians, Slovenians and French property investors.
Demand for property in Croatia was largely fuelled by growth in the tourism sector, which had been severely affected by the conflict in the Balkans between 1991 and 1995 after the break-up of Yugoslavia.
Earlier this year, Croatia opened up its property market to overseas nationals, by permitting foreigners to buy Croatia property on the same terms as local Croats.
See Also: Croatia (2), Marc Da-Silva (269)
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