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Post by Dinko on Oct 25, 2003 17:32:38 GMT 1
In the last few days several ads appeared in the CRO press, in which a British property company seeks big plots of land, on or near the coast suitable for building apartments (minimum 100 on each plot).
I just hope that they do not build too many of them!
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Post by Mala on Oct 25, 2003 20:28:35 GMT 1
According to Croatian TV, the property prices in the last 12 months, rose by 30% in Zagreb, about 70% in Dalmatia and by 120% in Dubrovnik.
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Post by TED on Dec 20, 2003 2:26:30 GMT 1
According to Croatian TV, the property prices in the last 12 months, rose by 30% in Zagreb, about 70% in Dalmatia and by 120% in Dubrovnik. Intresting,but what does the future really hold!? |
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Post by Peter on Dec 20, 2003 8:29:42 GMT 1
The rises quoted were very generalised and bargains are still around.
Buyers need to move quickly, though, if they see something that they want. If they think it is their ideal, so will someone else. Well priced deals can go quite suddenly.
One thing we have noticed is that interest in a property can spur other interested parties, who may have been taking a back seat, into buying. We had this recently where someone wanted to buy and took his time setting up a company. A German with an adjacent property had been thinking of buying for a while, realised it was about to slip through his fingers and nipped in smartly with cash, direct to the vendor.
When we sell to Brits, we protect them fully against every possibility during the 6mth Ministry waiting period but this makes them less attractive as buyers.
Germans are much more confidant in the market. Many of them have been here for several years and are much more likely to buy for the full amount, sign a full contract and wait the 6mths to get an approval so that the property can be registered in their name.without worrying about whether the approval will come. They know it does;they've done it before.
Obviously, this is much more attractive to vendors than others wanting to pay a deposit and then keep them waiting for 6 months for the rest.
Whilst there is a degree of risk taking, horror stories are few and far between and proper searches rather than just taking an agent's word or his copies of the paperwork minimise it considerably.
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