Croatia is a 'strong emerging market'

23-May-2007

In news which may be of interest to first time home buyers looking to invest abroad, Croatia has been identified as a strong emerging market.

Indeed, the success of Croatia can be seen in the rising costs of property - which may interest would-be first time home buyers looking for returns on their investment - according to Arlette Adler from the Federation of Overseas Property Developers, Agents and Consultants (FOPDAC).

"Croatia is solid. They are good probably because their main market is Germany, and the Germans don't take any rubbish," said Ms Adler.

"If [British investors] want to get in there, they should … It would take a brave person, but I think [there is] a lot of potential," she added.

Indeed, she confirmed that over the last two years, the cost of a flat has risen from between £80,000 or £100,000 to in excess of £200,000.

Croatia's economy is primarily based within the service sector, which accounts for 67 per cent of the country's total gross domestic product.

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