Time for investments

Time for investments

The leading Croatian internet portal for real estate www.centarnekretnina.net states that the price of real estate in Zagreb has fallen by 3.1% since May last year. And while prices in Zagreb on average a falling, houses in elite Samobor - only 10 kilometers away from Zagreb have increased in price in the past year up to 40%.

Dubrovnik is continuing to see a slight increase where in the past year due to the tourist season prices have increased by 7.5%, i.e. to an average of 3,566 Euro. It's interesting the exceptionally attractive Zadar noted a fall of 3%. According to insider information we have, now those in the know and those with cash are profiting taking advantage of good opportunities.

Due to the crisis, if an owner needs cash in a hurry, you can pick up a quality piece of real estate worth 300,000 Euro for 50 % of the price. The situation is the same when purchasing business premises, share sin companies, etc.

If world financial analyses are to be believed, a little light can be seen at the end of the recession tunnel. These mild positive signals from western markets have begun to be noticed in Croatia too. Deposits in Croatian banks have increased this year by 3.5% which is almost 1 billion Euro in foreign currencies, i.e. 50 billion HRK. With this an annual increase of 13.7 % in foreign currencies and 6.7 % in HRK was also noted. The Croatian Ministry of Finance sold bonds on international markets in the value of 495 million HRK, i.e. 70 million Euro, which was 60 % more than planned.
source: Traveller Summer 09, 2009-06-29

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