New buildings in Croatia
Location and climate
Croatia (officially - the Republic of Croatia) is located in the south of Central Europe, on the Balkan Peninsula. From the west it borders the Adriatic Sea. The capital city is Zagreb. The country is a member of the UN, OSCE, Council of Europe, NATO, European Union.
In the north, the climate is continental, in the central part - mountainous, in the coastal region - Mediterranean.
For the information of the investors: economy, culture and education in Croatia
Croatia is a country with a developed economy. Its main industries are: shipbuilding, mechanical engineering, chemical, food, textile, woodworking, electrical, electronic, and pharmaceutical. In July 2019, the process of Croatia's accession to the eurozone was launched. All this became possible thanks to the stable growth of the economy. The country is currently an attractive investment destination.
Croatia occupies an honorable fourth place in the UNESCO list of intangible heritage. The history of the country is most vividly reflected in the architectural monuments of the distant past, various museums and art galleries. The tie, which originates from the Croatian cravat, is considered a peculiar contribution of Croats to modern culture.
Croatia has eight state universities in Zagreb, Split, Dubrovnik and other cities. Branches of universities are being opened widely. The total number of students is more than 90 thousand, more than half of them study in the capital.
Why is it profitable to buy an apartment in a new building in Croatia?
Investors' intentions to purchase real estate here are directly related to the following factors:
- successful economic performance;
- location in the very center of Europe (Italy, Slovenia, Austria, Germany, Hungary are close to the country);
- developed infrastructure;
- the growth of tourism (the most visited are the Adriatic coast and the islands);
- the status of the most ecologically clean region of Europe (a significant part of the territory is protected areas, the cleanest sea, one of the best conditions for yachting. The beaches were awarded with the Blue Flag award).
Croatian real estate in the new buildings is in high demand among investors. One of the investment projects of particular interest is the construction of complexes (houses, villas) with infrastructure, united into a cottage community.
And yet, the general situation on the primary real estate market was determined by the events of March, December 2020, when strong earthquakes occurred, a large number of houses in the cities of Petrinja, Zagreb, and some other regions of the country were damaged or uninhabitable. The situation was aggravated by the inconsistency of old buildings with modern seismic safety requirements. Since the date of the earthquake, within several months, prices for new buildings in Croatia from the developer have increased significantly, apartments in residential complexes in a short time became much more attractive for investment.
Buying an apartment from a developer in Croatia is now especially profitable for the purpose of investment. This, while connected with adversity, is a very favorable moment for investment. There is a shortage of residential complexes in Croatia, the sale of apartments from developers provides for the implementation of various new projects. For the country, this is a chance to significantly update the housing stock, to carry out innovative transformations in this area; the EU is providing Croatia with serious assistance.
At present, the lowest price per square meter of area in a new building in Zagreb completed on a turnkey basis (according to the information of the GEOLN.COM search engine) is 2,300 USD. Construction is carried out in compliance with European standards and its high quality is confirmed by customer reviews.
Apartments in Croatia from the developer: conditions for foreigners
All restrictions have been lifted for EU citizens. For foreign investors from non-EU countries, the conditions are special: you can freely buy real estate if the investor's country of residence has a mutual agreement with Croatia, and the consent of the Ministry of Foreign Affairs must be obtained.
Purchasing an apartment in a new building in Croatia is a promising investment that combines both the pragmatism of today and a promising view on the the future.