Posted by: dreamingcroatia | September 19, 2011

A luxurious apartment in a premium beach resort

Situated behind private gates in natural surroundings of pine trees and yet just a few steps away from the beach. The apartment is in the first line to the sea with pine trees leading to the beach You can see on the pictures. Property is located on the third floor with beautiful sea view from the large terrace. Two bedrooms, two and a half bathrooms, library that can be converted to third bedroom, large living space, kitchen, inside space 105 m2, terrace 15 m2, all together 120 m2. Total price including VAT is EUR 800.000. This beautiful area is abounded with sandy and pebble beaches with Mediterranean vegetation, pine wood and tamaris trees. Numerous local restaurants are stretching along the beaches, offering guests various local – Dalmatian specialties. Neighborhood of Split enables also cultural entertainment, visit to museums, exhibitions, Split Summer Festival. Because of mild Mediterranean climate in this resort, stay is pleasant also out of summer season and small hills that start just over touristic road enables long hill walks. Nearest airport is in Split, only 30 km from the resort while ferry port is 8 km or 10-12 minutes by car. Investing in this real estate brings a large financial gains as well. While rented, this apartment brings 530EUR/night income and the whole rental management is handled professionally by resort. Sold completely with all designer furniture. Floor plan and more information available on request. There are several other apartments on sale in this resort. Prices start from 300.000EUR.

Posted by: dreamingcroatia | August 5, 2011

A seafront house on famous island Hvar

Today we have something special. It is a house on exceptional location. From our website description:

A house on a unique location. This property is in the first row from the sea, just 8 meters to the sea! A ground floor has a large living room, a kitchen and a bathroom. On the first floor there are two bedrooms. But, the most important feature of the house is over 50m2 terrace with a sea view.

seafront house on Hvar

A special opportunity

Pictures are taken on a rainy day, so they don’t show this real estate in its full splendor. A gravel road leads from the local village to this property. Within 200m from the house there is only one neighboring estate. The house is located in a small bay outside Vela Stiniva, close to Zastrazisce. This is the best first row to the sea house in our offer. The ground floor walls are made of 50cm thick stone. A privacy and magnificent sea views and surrounding nature are best features of this real estate on island Hvar.

Posted by: dreamingcroatia | July 26, 2011

A beautiful villa in the first row to the sea near Trogir

We have a wonderfull new real estate offer on our website. It is a villa close to famous old town Trogir.

Trogir is situated in the center of Dalmatia, on the eastern coastline of Adriatic sea. The heart of Trogir is small islet laying between the gentle hills on the mainland and the coast of the Island of Ciovo. Small town of 12000 citizens is the center of Trogir micro – region which covers about 250km2.

More information about this house You can find here: http://www.dreamingcroatia.com/realtyna/Croatia/Splitsko-Dalmatinska/Trogir/House/7/-272.html

21000

A beautiful villa in the first row to the sea near Trogir. This real estate is on excellent location as it is close to a small nautical marina, yet it is also just 20km from the airport and state highway. The villa and the grounds around it are decorated with traditional stone walls. Villa has 250m2 of internal living area and two large terraces. Smaller terrace is 30m2 and the larger terrace is 50m2. The lad plot size is 700m2 and it is cultivated with olive, fig and plum trees. In the garden is a summer kitchen (24m2) built in stone with a fireplace. The villa has a lot of trees around it and parking for 8 cars. Seven bedrooms and four bathrooms are in the house. Storey’s are connected with internal staircase. A villa real estate like this is an excellent investment due to its position, size and closeness to the sea and old town Trogir.

Posted by: dreamingcroatia | July 22, 2011

Real estate market in Croatia is on track in 2011

SPLIT, CROATIA — With its medieval cities and a coastline dotted with largely unspoilt islands, Croatia has been a natural destination for many of Europe’s real estate dollars in recent years.

Yet while the Adriatic sun continues to sparkle along the country’s Dalmatian coast, its real estate market has lost much of its glitter.

Despite government action this year to simplify house purchases for European Union citizens, real estate brokers report few new projects and flat demand.

BENEDICT Real Estate in Split has excellent choice of houses, land plots and apartments.

Expectations had been high in March, when a new law, introduced as part of Croatia’s drive for E.U. membership, gave E.U. citizens the same rights as Croats when buying most types of property.

Behind the downturn are some of the usual reasons but also some peculiarly Croatian phenomena.

Recently “we’ve seen a shift away from traditional markets like the U.K. and Ireland, toward newer places, such as Czech Republic and Belgium,” she added.

Traditionally, the coast had been the country’s most popular region for both investors and vacation home buyers, especially the area between Split and Dubrovnik, as well as the Istrian Peninsula to the north.

Yet the zoning laws in designated tourism areas, including most of the coast, actually harm development. T1 sites are designated for hotels and T3 regions for camp sites. “It’s T2 that is the problem area,” Ms. Cvjetkovic said.

Villas and apartments can be built in T2 zones, but only for rental use — so ownership generally is limited to development companies.

“This is a bone of contention,” Ms. Cvjetkovic continued, “as it has hindered development in precisely those areas where people have wanted to boost real estate development.”

There are rumors that the government may alter the zoning laws to allow individual ownership. Yet, with Prime Minister Ivo Sanader’s recent resignation, “we think the rules are unlikely to change before the end of the year,” Ms. Cvjetkovic said.

The real estate is located few kilometers south of Omis

A very special land plot real estate in the first row to the sea. The real estate is located few kilometers south of Omis.

Another Croat issue concerns titles, a problem similar to the divisive land disputes on Cyprus that have driven down the real estate market on that divided island. Croatia previously was part of Yugoslavia, a country where most of the land and property was owned by the state. So “if some land was nationalized at some point,” Ms. Mostic said, “then there can be some doubts over claims to that land.”

In addition, many people were uprooted from their homes in the conflict that followed Yugoslavia’s collapse. Under the Dayton Accords, which ended the conflict in 1996, all those uprooted are allowed to return home — although few actually have done so, resulting in a large number of abandoned homes around the country. Ownership of such properties could prove contentious.

“There are definitely postwar issues, with clearing up disputes over title not as quick as it should be,” Ms. Mostic said. So “it is very important for any foreign investor to have a proper lawyer who will do due diligence on any property.”

Despite the challenges, some see positive signs in the local market.

“In the last year, prices have fallen perhaps 20 to 25 percent overall,” Ms. Cvjetkovic said. “The average price in the Dubrovnik region, one of the most popular locations, is around €3,100 per square meter. This is a more realistic price than it was, and makes it definitely a bargain time.” The price would be $411 per square foot. For villas and exclusive property try BENEDICT Real Estate.

Yet others expect, or hope, that prices will fall further. “The price of real estate in Croatia is already at the level of the rest of the E.U., or even higher, so we certainly see no room for increasing prices,” Ms. Likan said.

Indeed, in a recent survey of 50 Croatian real estate agencies published in the Zagreb daily Vecernji, 65 percent of respondents said they expected prices to fall in the next 12 months, with 33 percent saying they would stay the same.

Posted by: dreamingcroatia | July 20, 2011

Croatia’s commercial real estate

Croatia’s commercial real estate sector has stabilised, but the outlook remains very flat at this stage, and as such lags most property sectors in Eastern European, which have begun to show signs of recovery. The commercial real estate sector has failed to rebound as the economic recovery in Croatia continues to be very muted and primarily export-driven.

The industrial sector, which significantly affects demand for industrial sector space, remains weak. Indeed, the industrial production index in Croatia fell by 4.1% y-o-y in February, marking the third consecutive month of decline. Given that Croatia’s economic recovery is only in its nascent stages, it is unsurprising that industry has yet to pick up. BMI is forecasting that the Croatian economy will emerge from two years of recession in 2011, but the forecast is for weak real GDP growth of 1.9%. The recovery will be largely export-driven, benefiting from a positive eurozone growth story, as consumer demand remains constrained by high unemployment of 19.6% in February and weak credit growth. One positive aspect for the growth outlook for Croatia is tourism. Croatia is heavily dependent on tourism for economic growth and it is therefore encouraging to see that tourist arrivals have already rebounded strongly. The rebound in service exports will, in turn, reduce unemployment, which BMI sees moderating in 2011 as seasonal employment picks up. BMI forecasts 2.0% growth in private consumption in 2011, following a 0.9% drop in 2010.

Logically, demand for office space and retail space is barely growing. Industrial space demand has also barely ticked up. We saw falls of 20-30% in rental prices for office space between the first half of 2009 and the second half of 2010. Retail rents fell by 30-40%. Industrial properties bucked the trend, with rents recovering 20-30% in the same period. However, industrial property rents have now stalled.

We see rents and yields remaining essentially flat through 2011 and 2012. Broadly, we think that rates are somewhat vulnerable in the Zagreb area, will remain unchanged on low activity in the Zadar area, but have upside potential in the area around Split where some new commercial properties are to be developed by foreign investors.

It is difficult to envisage any pronounced recovery within the forecast period. The economic recovery will be slow and export-oriented. Unemployment remains stubbornly high. With its economy on a slow growth trajectory there is no reason to expect a significant recovery for Croatia’s commercial real estate sector at this stage.

Some of the key opportunities currently in the real estate market are:

The economic environment improves more than expected, assisted by export growth, tourism growth and an improvement in consumer demand. Unemployment would need to begin to fall.
Extension of credit availability to both developers and residential house purchasers, adding more space and more demand. This may indeed be boosted if Croatia’s accession talks are positive.
Strength in the office sector means that vacancy rates have dropped but that projects coming online in 2011 will ensure that demand can be met.
Some key risks to the current real estate market are:

If Croatia does not complete EU accession this may indeed prove a negative for investor sentiment and in investment in Croatia, which would have a negative knock-on effect on the commercial property sector.
Should ongoing widespread political protests return to violence, as was seen in February, this would likely weigh heavily on Croatia’s appeal as a tourism hotspot.

Posted by: dreamingcroatia | July 12, 2011

Croatia – a land of 1000 islands

Only country with more than 1000 islands can offer top destinations from wide-ranging of naturist beaches to scuba diving and snorkeling, intact nature, Robinson Crusoe islands, the best islands for all kind of water sports, island with the best local food and autochthonous wines, the most fashionable and elegant island, the island with the best dance parties. You can choose to sleep in into an elegant boutique hotel, bohemian-style villas, fisherman’s cottage or perhaps to one of lighthouse.

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