Post by Sasha on Nov 14, 2007 11:44:23 GMT 1
from. HotProperty.co.uk
Overseas property investors looking at Croatia as their next investment location would be better advised turning to other European countries such as Romania, Bulgaria and the Czech Republic.
That is according to Property Secrets, an independent analytics firm which has suggested that the rise in interest in Croatia is perhaps more down to people buying second homes as opposed to investment property.
Those considering moving into the area should also be aware that finance is difficult to raise in the country, the firm added.
"If you want to buy a £100,000 or £200,000 property there, potentially you have to do this in cash…So a lot of people are buying holiday homes on the coast rather than investing in property," said Property Secrets chief analyst Mark Tweddle.
"I wouldn't say not to buy, but if you want high returns there are better markets…Like Czech Republic, Bulgaria, Romania…Those kind of countries.
"You have had other countries join [the EU] in the last few years where you have got much more low risk; better finance, better rental [opportunity] and a stronger economy," Mr Tweddle outlined.
Overseas property investors looking at Croatia as their next investment location would be better advised turning to other European countries such as Romania, Bulgaria and the Czech Republic.
That is according to Property Secrets, an independent analytics firm which has suggested that the rise in interest in Croatia is perhaps more down to people buying second homes as opposed to investment property.
Those considering moving into the area should also be aware that finance is difficult to raise in the country, the firm added.
"If you want to buy a £100,000 or £200,000 property there, potentially you have to do this in cash…So a lot of people are buying holiday homes on the coast rather than investing in property," said Property Secrets chief analyst Mark Tweddle.
"I wouldn't say not to buy, but if you want high returns there are better markets…Like Czech Republic, Bulgaria, Romania…Those kind of countries.
"You have had other countries join [the EU] in the last few years where you have got much more low risk; better finance, better rental [opportunity] and a stronger economy," Mr Tweddle outlined.
