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Post by zorro on Mar 9, 2008 18:59:45 GMT 1
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Post by zorro on Mar 9, 2008 19:03:54 GMT 1
Oh no Carol, you mean you won't be appearing on "A Place in the Sun."
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Post by zorro on Mar 9, 2008 19:16:35 GMT 1
wait a second property prices can be whatever they want in Croatia, in London they a phenomenal, even premier league football stars like J Woodgate and pop stars like Leona Lewis (who has a £4 million pound record deal) have been complaining. I do know of two parents that just bought apartments in Croatia for their sons. As if it was a first motor car for them.
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Post by mambo on Mar 9, 2008 19:28:09 GMT 1
@3lions
Your reaction is exactly what bothers me so much about ignorant foreigners. First of all you keep comparing prices to the UK, which is BS. If you want to compare prices you have to compare them to prices in Croatia.
Second, you may say that 54,000 euro for a ruin is a bargain, but when I tell that houses like that can also be bought 15,000 - 25,000 euro the 54,000 euro starts to look like a fortune.
Then you want to tell me that 15,000 euro for project management is a bargain, which it is not if you compare it to Croatian price levels. 2 complete yearly salaries for a bit of management which by law you cannot even do (the law states that a Croatian registered engineer has to be the supervisor and sign/stamp the papers) is in my view outrageous.
And in the end the 120,000 euro may be a bargain for British levels, but I can guarantee you that the real value of the house is still way below that.
By the way, I have no idea how you want to guarantee a 6000 euro return via renting, only a few owners in Istria are able to generate such a return.
Your story exactly proves that what I have been saying. Compared to the UK the prices may be low, but we don't live in the UK, this is Croatia and compared to Croatia the prices are high.
It is this kind of behavior that drives the prices higher, but it is nothing more than just a bubble, created by tourists who don't study the market, that come to this country without proper preparation and who end up paying way too much for something.
They may be happy with paying too much, but whatever you want to call it, you cannot call it 'normal workings of a market', for it is not.
But indeed, if you can find idiots who accept your story and are willing to pay then by all means do so. However, don't start explaining that what you ask is normal and that it is real value, because it is not.
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Post by Sasha on Mar 9, 2008 20:23:25 GMT 1
I am surprised that not more buy in the interior, north of Zagreb.
The property is cheap, and according to newspaper "Vecernji" some vineyards (neglected) are going for free (or next to nothing),as older Croats cannot tend them any more (and have no money to pay property taxes), and young people are not interested.
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Post by Sasha on Mar 9, 2008 20:24:46 GMT 1
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Post by Sasha on Mar 9, 2008 20:26:26 GMT 1
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Post by Ribaric on Mar 9, 2008 20:47:40 GMT 1
I am surprised that not more buy in the interior, north of Zagreb. The property is cheap, and according to newspaper "Vecernji" some vineyards (neglected) are going for free (or next to nothing),as older Croats cannot tend them any more (and have no money to pay property taxes), and young people are not interested. SSSSHHHHHHHH!!!!!!!!! |
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Post by mirabelle on Mar 9, 2008 22:18:26 GMT 1
Thanks God that Croatia is not as bad as Florida, read it here: Good time to buy in Florida!  |
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Post by justapixel on Mar 9, 2008 23:59:15 GMT 1
do you think so? I thought I was rather open and uncomplicated. Back to the ratio though, I guess you didn't do much arithmetic at your school? Sorry, but I'm very good with numbers. Pardon, extremely good with numbers. ;D Since we've been talking about average wage and you've mentioned the taxes' range it comes as expected that average salary will be placed somewhere at the lower middle part of the range. That would be around 40%, which puts the ratio at 13.33. I "rounded" it to 12 since it's a nice number but I could have also said 10-15x. Never mind it's the expected range that matters, not exact numbers. And all this number shuffling is sooo boring.  . |
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Post by justapixel on Mar 10, 2008 0:02:54 GMT 1
Overall, I think salaries in Croatia are reasonably high, much higher then any other comparable economy. They are very high for employers, that is for sure. If anybody asks for a payrise there, you should think carefully before asking your boss for more. Better ask your local MP. That's true. If you compare Croatia to other Eastern European countries and if you take into account GDP per capita, Croatia's salaries are very high, especially before taxes. OTOH, you can't live normally even on those "high" salaries.  . |
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Post by justapixel on Mar 10, 2008 0:09:14 GMT 1
And 15,000 euro as a yearly salary ? Perhaps this is true in Zagreb, but for most of Croatia this is a salary most Croatians can only dream about. I wish Zagreb salaries were €15k after taxes... Actually, they're around half that amount. The gross salaries you have to pay as an employer are indeed quite high. And the current prices for fuel don't help a lot. It is not true though that the workers will have to pay the price for transport by themselves. The employer regularly pays part of the cost (or even all the cost) of travel from home to work. Yeah, that's usually true. Probably because that part is not taxed. . |
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Post by zorro on Mar 10, 2008 7:50:57 GMT 1
Mambo
You can't just cut off one market from another, its not Russia.
Thanks
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Post by Carol on Mar 10, 2008 8:19:18 GMT 1
Owl - do you know how property prices get established (set)? They are determined by the level at which the buyer and seller agree a deal. If the seller wants to accept less money from a Croat and more from a foreigner, then that is his choice.
Maybe he will feel good about himself and feel he has been a true patriot by selling at a low price to a croat, but that isn't going to hold much interest for the cashier at Konzum when he wants to use money to buy things, is it?
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Post by zorro on Mar 10, 2008 8:39:35 GMT 1
All this about "ignorant johnny foreigner" in Croatia is rubbish, how many families in Croatia don't have some foreign connection without at least one member in their family working abroad in Germany, Italy or the US, not many I would have thought.
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