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Post by rijekafan on Dec 24, 2007 2:06:58 GMT 1
Its clear that credit conditions in Croatia got worse in 2007. This was before the sub prime meltdown. Does anyone here think that sub prime will affect the Cro property market?
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Post by Sasha on Dec 24, 2007 12:39:38 GMT 1
Not really, as banks are careful to whom they lend money in Croatia. Although according to CRO newspapers property is getting cheaper, but not much.
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Post by darcy on Dec 24, 2007 12:48:44 GMT 1
It should, as foreign buyers will loose the enthusiasm, it will be harder for them to get the financing etc. Of course, sound investment should not suffer as it can produce reasonable return. I expect the prices will rise because of the world inflation, the question is when.
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Post by happy on Dec 24, 2007 12:58:34 GMT 1
It should, as foreign buyers will loose the enthusiasm, it will be harder for them to get the financing etc. Of course, sound investment should not suffer as it can produce reasonable return. I expect the prices will rise because of the world inflation, the question is when. The price will always rise .......... eventually! Since most Croatian properties have been in their families for generations, another 20/30 years wouldn't make that much difference to the majority of the sellers anyway. |
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