Home and Income

[smokey]

I am looking to buy property that can be split into apartments to provide an income in the Istria & Peljesac peninsula areas. Also as I develop and manage property in the UK I would look to start a similar service in Croatia.

I am concerned that my research shows that the rental season is quite short (June to September) and there is an oversupply of property and little demand. Additionally there seems to be alot of British setting up websites for rental and sales but not showing much property and rental sections seem to have no bookings.

Additionally with the CGT on re sale properties at 35% in there really a worthwhile margin in the deveopment sector?

While Croatia MAY offer good capital appreciation is there really a mature market for development and rental?

[Nicola]

I would say that the best investment potential is in family villa builds (with pool). As you say there are rows of apartments being built and looking at some of the websites, people are struggling to fill them. We have booked our (6 bed) villa in Istria from 1st May until end Sept (plus October half term) and have supported a very good price, simply because there is so little supply in this market.
Good luck!

[gintwins]

I totally agree with you Nicola, we have had a lot of interest through word of mouth mainly because people want family sized places. We can sleep 10 and its coastal.

I Also believe that Croatia needs another 5 years to find its groove in the holiday market place