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Post by mambo on Mar 17, 2006 12:55:09 GMT 1
Yesterday in the newspapers there was also an article on housesales in 2005.
Overall sales were down 20 % !!! last year, which may not seem a lot, but considering that they are still building like their life depends on it, it means that more houses/apartments remain unsold i.o.w. empty.
The cause for the reduced number of sales was not given, one can only guess.
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Post by Mirko on Mar 17, 2006 15:40:27 GMT 1
Yesterday Bruxelles (the EU) asked Croatia to lift all restrictions on the EU citizens, who want to puchase property in Croatia. Maybe the prices will go up now?
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Post by mambo on Mar 17, 2006 15:46:49 GMT 1
If sales already went down by 20 % there must be a reason and it could have a lot to do with rediculous prices.
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Post by Ribaric on Mar 17, 2006 16:40:59 GMT 1
I haven't bought anything ...yet. I can't decide if the medium term value is higher than the current asking prices, the same or less. How about a quick poll? Assume we'll be in the EU in 2009 ish.
About property in a desireable holiday (ish) location....
Are they generally available at a price which will, in 5 years' time:
A) Seem cheap? (ie: it's a good time to buy)
B) Seem to be reasonable value, like anywhere else?
C) A bad deal? (ie: Don't buy now)
Thoughts?
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Post by happy on Mar 17, 2006 16:57:30 GMT 1
I would say it's a (C).
Prices are just too high at the moment!
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Post by lojalnost on Mar 17, 2006 17:56:38 GMT 1
...ah! yes when to buy, when to do anything? I would say (C), I would say buy next year! 2007, later would be too late.
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Post by mambo on Mar 17, 2006 18:14:25 GMT 1
I also would choose C.
Why ?
Prices of properties in tourist areas depend largely on the popularity of the destination. I don't see a lot of development on the side of infrastructure here in Istria, everything stays the same, the roads become worse almost by the day, no entertainment is added, no real development on the coast (restaurants/bars etc are in a bad shape), so on the whole I would say that no special reason exists why Istria should attract more tourists.
Weatherwise Istria has also surprised me. I live here now for 2 years and it rains here almost as much as in Holland and there it really rains a lot. The weather in Holland was the reason why I moved to the Caribbean.
Honestly speaking the weather in Istria only is acceptable 3 months per year. After October it is too cold and already too wet. Sometimes May has good weather, but in 2004 ony July and August were acceptable and in 2005 we basically had 2 weeks in July, the rest was rain.
What does a tourist want to do in a place, where there is besides the sun and the sea, not a lot to do ? If it rains I hope everyone likes reading or travelling, because whatever you want to do...............you cannot do it in Istria.
But..............if the local government would start giving incentives to developers and plan e.g. a large entertainment park (like Gardaland etc), start cleaning up the coast, repair the terrible roads, rebuild lost 'entertainment' inland (Pazin has a beautiful cave, which was an attraction 35 yrs ago, nowadays it is a mess) etc, Istria could become attractive to new tourists.
Unfortunately continuously rising prices for the same or less service make tourists think twice and make them want to leave.
When tourists leave the value of real estate will not be able to remain at current levels.
What Dalmatia may bring I cannot judge. I have an idea, but I know the area not well enough to predict anything on prices. For me, the housing bubble has just begun in Dalmatia, but don't know how long it will last.
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