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Post by Ribaric on Jul 2, 2006 19:09:28 GMT 1
FOR SALE:
2 room flat in Banfica (Think Dagenham),
Russian kitchen circa 1965
Bathroom with brown tiles
All mod cons
600,000 Euros.
No time-wasters please!
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Post by mambo on Jul 3, 2006 14:01:10 GMT 1
Prices in Istria will drop soon.
Finally some people in Istria are realizing they have been overasking and have outpriced themselves.
The campgrounds are complaining, the owners of appartments are complaining.............why ??
There are no tourists or better, the levels are way down from last year.
Appartments are not being sold, some have been on the market for many years now, but it will take a while before they realize what they have done wrong.
Sad thing is that I predicted this about 2 years ago, that Istria would make the same mistake as Spain, France and Austria made, but everyone thought I was crazy.
Yesterday the president of the camp owners association admitted that they had made mistakes, that they had forgotten to look after the interests of the tourists, they had only been interested in the interests of themselves.
Unfortunately he also realized that it is beyond repair, tourists are gone and they will not come back for the next few years. Many moved South to Dalmacija and once in Dalmacija they will realize that not only the prices are better, but also the surroundings.
Maybe not this year, but for sure next year we will see the price per square meter come down in Istria.
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Post by lojalnost on Jul 3, 2006 14:17:05 GMT 1
well if you look at the market in Istria it would seem that everyone has something to sell, 1000s of places for sale, so I guess you're right, but then if you look at the recent Reuters report it says that the Croatian property market is booming and this is starting at Dubrovnik and spreading up to Istria itself.  |
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Post by londonhack on Jul 3, 2006 15:19:06 GMT 1
well speaking as a tourist, I was planning to come back with 3 friends for 10 days end of august, looking at properties in istria and in the split/brac/hvar regions. But then one pointed out property is cheaper in puglia. So we are going there to have a look instead. If I had unlimited money I would buy in croatia. But i am on a budget and have to take the wishes of others into account. I'm sure this applies to other would-be investors/tourists too. I would guess that many tourists coming to campsites and apartments are very price-sensitive too
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Post by irac on Jul 3, 2006 16:24:31 GMT 1
I can't see the prices go down so long as the twits in the Istria councils keep trying to promote the nonsensical idea that the area is the next Algarve or Costa Del Sol for golfers, but since there's the "planned" Nicklaus course on the way, I think some of the golf enthusiasts might be conned into buying.
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Post by lojalnost on Jul 3, 2006 16:28:31 GMT 1
when is open hunting season on golfers!
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Post by irac on Jul 3, 2006 16:34:53 GMT 1
No, not a chance, I enjoy the game, just think it's totally nuts to market Istria as such a destination, esp witht he price of land (check ˆ22 per m2 for land that cannot be used for anything other than golf - work that out at 3 acres per hole- rounded up to 4,000m2 -and you're talking over ˆ5million for the bare minimum land bank, and that's just course a bitty clubhouse! Try make the money back off that, you'll need to seel a whole lotta villas and apartments!
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Post by mambo on Jul 3, 2006 22:56:23 GMT 1
They have invented a new scheme for this.
In Motovun they have just changed 24.000 m2 of building land into 24.000 m2 of agricultural land.
Each village has a certain amount of land allocated for building purposes, they cannot surpass this. Since Zagreb did not want to change the law the local goverment of Motovun simply took 24.000 m2 of building land away from 40 owners and changed that into agricultural land. This way they can designate 24,000 m2 of agricultural land as building land and now the golfcourse can be build.
This german guy promised to build 114 villas and use the money from the sale to build the golfcourse. Since nobody in Motovun has any clue about golfcourses they fell for the trap and now all of a sudden Motovun is going to get a golf course.
A bloody disgrace.
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Post by londonhack on Jul 4, 2006 12:37:42 GMT 1
Golfcourses? In Motovun...not a golfing fan but itsn't it extremely hilly round there? Not your typical golfing landscape from my very brief memory of driving around
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Post by daria14 on Aug 28, 2006 15:36:04 GMT 1
i think that the prices may be higher because of the demand on property in croatia!
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Post by valiant on Aug 28, 2006 15:57:27 GMT 1
laws of demand and supply have nothing to do with it in croatia.
this is a nation of excommys...trying to make a killing overnight . you have to get an isight into croat mentality.
theere will always be someone willing to pay a million euros for a ford escort ..if all the remaining ford escorts in croatia sell for 900.000 euros.
ive seen croats playing golf hahahhaa.
its like watching the queen riding a donkey.
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Post by hvarlavendar on Aug 29, 2006 10:41:54 GMT 1
laws of demand and supply have nothing to do with it in croatia. this is a nation of excommys...trying to make a killing overnight . you have to get an isight into croat mentality. theere will always be someone willing to pay a million euros for a ford escort ..if all the remaining ford escorts in croatia sell for 900.000 euros. ive seen croats playing golf hahahhaa. its like watching the queen riding a donkey. What does having to be a Croat have to do with making a killing. Ohhh I guess the Brits are giving discounts on their property because they like the person buying their home. Ohhh and Americans are selling their beach front properties for half price because they don't want to look like they are trying to make a killing. ARE YOU KIDDING!!! Everyone wants to make as much money as they possibly can when selling their property! Anyone that Say's that statement is not true, is a liar or lacking in the membrane. And yes it is supply and demand or else we would not be seeing these prices nor would you see these high sold prices. Your ex-commy remark is just ridiculous. |
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Post by irac on Aug 29, 2006 11:34:42 GMT 1
laws of demand and supply have nothing to do with it in croatia. this is a nation of excommys...trying to make a killing overnight . you have to get an isight into croat mentality. theere will always be someone willing to pay a million euros for a ford escort ..if all the remaining ford escorts in croatia sell for 900.000 euros. ive seen croats playing golf hahahhaa. its like watching the queen riding a donkey. What does having to be a Croat have to do with making a killing. Ohhh I guess the Brits are giving discounts on their property because they like the person buying their home. Ohhh and Americans are selling their beach front properties for half price because they don't want to look like they are trying to make a killing. ARE YOU KIDDING!!! Everyone wants to make as much money as they possibly can when selling their property! Anyone that Say's that statement is not true, is a liar or lacking in the membrane. And yes it is supply and demand or else we would not be seeing these prices nor would you see these high sold prices. Your ex-commy remark is just ridiculous. Hvar, unless you haven't noticed, this is about Croatia and why it is so pricey. Comparing to other countries is redundant as this is, again, a discussion on why Croatian property is so ridiculously overpriced. With so little in the way of services ouside of lying on a beach, eating rejected prsut and getting charged ˆ6 for a coffee, property prices have little to do with reality and more to do with locals perceived value. So many properties are on the market for years as the locals don't truly wish to sell, they put out ridiculous prices and then when someone who is willing to shell out the money arrives, suddenly the price goes up, after the pre-contract has been signed. Our lovely indeed! |
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Post by londonhack on Aug 29, 2006 12:00:56 GMT 1
think you've missed the point, Hvala...i think being new to the market economy is probably a factor in Istria, from what i've seen. People do have an unrealistic idea of what their properties are worth and the bottom line is that are pricing themselves out of the market. I've seen lots of properties in Rovinj - where I was looking - that have been on the market for years. 3 bed flats in unrenovated town houses for 200,000 euros!!!! For that I can get a seaview villa with 4 bedrooms , olive groves and a swimming pool in S italy - which is why I'm going there to view properties at the end of the week. Sure - brits and americans don't give gratuitous discounts - but they do drop prices if properties aren't selling.
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Post by jill on Aug 29, 2006 12:35:09 GMT 1
DEar Londonhack,
You'd be very lucky to get that in Italy anywhere...it just doesn't happen. I think you may be very disappointed....the only places that are ridiculously cheap in southern Italy are where there are problems with break-ins by illegal/destitute immigrants. Be careful. I have been working in central Italy for over 20 years and we have no problems here although similar to Istria we have certain Umbrians and Tuscans pricing themselves out of the market and there are so many cheaper areas opening up in Eastern Europe. If you just want value for money go to Bulgaria...I think you should have another reason for choosing a country other than price for your place in the sun or you could get bored quite quickly.
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