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Archive for May, 2010

Why Invest in Property? Croatia 2010

Saturday, May 15th, 2010

Many of those who purchase property in Croatia are seeking a so called lifestyle home abroad. They are typically looking for a holiday home that doubles up as an investment and they are lured to coastal living. They have been encouraged by their own experience as a tourist in Croatia, enjoying the rich diversity of history & culture, natural beauty, weather and laid back Mediterranean lifestyle. Moreover, with the forecast growth in Croatian tourism and pending European Union entry they perceive the country as a good medium to long-term property investment with rental income at a minimum covering costs and capital appreciation giving a solid return.

So why invest in property in Croatia? The following are key reasons why Croatia is a solid medium to long-term property investment opportunity:

* Croatia hosts some of the most alluring and desirable locations to own real estate anywhere in Europe today.
* Culture, history and un-spoilt natural beauty.
* Expected to join the European Union in 2012.
* Harmonization of economic and political policy in accordance with leading international institutional requirements European Union, IMF, World Bank, World Trade Organisation & Nato.
* A government that is committed to fighting corruption, modernizing its judiciary and streamlining its administration.
* A favorite tourist destination with the World Travel & Tourism Council placing Croatia in the top five countries globally for tourism growth over the next 7 to 10 years.
* Tight planning controls restricting development of property in Croatia, especially on the coast.
* A restricted supply of real estate which in turn helps to support prices.
* Stable currency linked to the Euro.
* Property in Croatia is relatively inexpensive compared with established European destinations.
* Considerable and consistent foreign investment in Croatia over the last decade.
* A solid domestic mortgage market.

Perhaps the most significant of the above is the countries accession to the European Union which, with the border dispute between Slovenia and Croatia now in arbitration, is expected to happen within the next 2 to 3 years. Apart from the package attached with European Union accession namely judicial reform, financial support and policies to help safeguard foreign investment in Croatia and all of which will encourage inward investment in Croatia, we believe its timing will coincide with a global economic recovery. In doing so the Croatian property market should receive a double whammy, which in turn should drive both demand and prices for property in Croatia.

In conclusion purchasing property in Croatia should be on the list of any discerning real estate investor looking for a good medium to long-term investment opportunity or holiday home buyer looking for a beautiful un-spoilt coastal location in which to own a second home. With pending European Union entry and global economic recovery imminent, owning property in Croatia will once again be at the top of the list of investors from across the globe.

Latvia Real Estate

Saturday, May 8th, 2010

Latvia is a prime target for real estate investments today due to its untouched, natural beauty and attractive real estate prices. The country presents great investment opportunities with plenty of land for sale that can be developed as farmland, tourist areas, resorts, houses, apartments, or even condos. Tourism is growing rapidly in Latvia, so the demand for tourist resort areas, vacation condos, and other conveniences is on the rise as well. Investors are eager to create massive resort communities and villas to accommodate Latvia tourists. Resort communities may be developed along the lovely sandy beaches of Latvia or near the forest areas. Some farmers in Latvia offer activities for tourists as well as bed and breakfast accommodations.

If you’re not an investor, but would like to purchase a “home away from home” in Latvia, you can either buy a house for sale at a price range that appeals to you or you may purchase land for sale to construct your own home. Either way, there’s a great opportunity now to pick and choose where you would like to live in Latvia. If you want to live by the beach, Latvia’s coastline real estate is readily available at affordable prices. If you want to start a farm, there’s still plenty of farmland for the picking.

The key to getting a great deal in Latvia is to buy now before too many investors and vacationers discover this rare jewel along the Baltic Sea! Keep in mind that while in many countries, the asking real estate price is often a starting point for negotiations, there’s usually not much room (if any) for negotiations when it comes to Baltic countries such as Latvia. The asking price will usually end up being the actual selling price, so shop carefully.

Also, use the services of a Latvia real estate agent to avoid common buying mistakes. A real estate agent that’s familiar with Latvia laws, pricing and locations can save you much time and money. Never buy immovable property in Latvia without understanding exactly what you’re getting for your price. Be sure to view the property in person before closing the deal, and get everything in writing while coming to an agreement with a seller. It’s pertinent that you shop around a little and see what’s available to ensure total satisfaction and happiness with your Latvia property.