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Information on buying property in Croatia.
 

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Why buy property in Croatia ?

 

Growth and sound economy: 5% annual GDP growth (currently) and a mixed economy (30% industry, 60% services and 10% agriculture).

Stable currency: the Kuna closely follows the Euro and major transactions (including property) are often negotiated in Euros.

EU membership: Croatia is negotiating to enter the EU. This should further boost it's economy.  Check out the latest status on the BBC website.

Market comparison: Croatia prices are already rising, however property is still substantially cheaper than Spain, Portugal or Italy.

  • Good Rental yields:  Croatia is growing as a Tourist destination. Indeed it is currently viewed as the hot spot for Europe.  This will support good rental yields.

 

  • Limited Supply:  For high end property the supply is currently limited and forecast to remain limited. 

 

  • Freehold rights: No restriction on foreign ownership; freehold rights are available
  • Excellent Access : A range of budget carriers from the UK nd other countries are developing routes to istria, Croatia and the surrounding countries making access quiclk and cheap.

 

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Why Istria ?

  • All the benefits of Croatia plus: 

  • Proximity to Europe; less than 30K from the Italian border

  • Easy access; by road, air and sea

  • Choice or airports: including Trieste ( for UK budget carriers)

  • The New Tuscany: Stunning landscape and historic villages

  • Careful Planning:  Istria is taking a very considered approach to the development of Tourism

  • Culture and Sports:  Istria is a centre for culture and sport, attracting holiday makers wit it's many and varied activiites.

  • Focus for yachting: Many of the towns along the Istria coast have harbours for Yachts. The clear seas and many islands are increasingly attracting the yachting set.

  • Great food and wine !!!  Istria featured in the Times food section in May 2005

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Why buy new developments off plan?

  • Price:  off plan developments are competitively priced when compared with like quality and locations of existing houses

  • Price Appreciation: currently the Istria property market is experiencing significant price inflation year on year. With new build properties you buy at today's prices but pay as the property is built and get the benefit price appreciation during the build. 

  • Staggered Payments: payments are in line with build, making your investment secure and improving cash flow.

  • Limited Supply; there is a limited supply of high end houses in Istria.  Buying off plan ( with Vesta)  enables access to high end houses in excellent locations

  • Quality:  new developments use the latest building techniques and materials

  • Style: new developments offer modern comforts and finish.

  • Facilities:  developments often come with facilities such as pools etc.

  • Hassle free: the developer takes care of the build and in many cases the management of the properties. 

  • Better rental yield: new, excellent locations with facilities offer higher and more secure holiday rental yields. 

  • VAT Refunds:  In Croatia VAT refunds exist for properties built after 1997 and purchased by companies.

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Why buy from VestaLand ?

  • Location, location, location: we have carefully chosen our locations to ensure that they have excellent views and that the areas are attractive to the holiday rental markets.
  • Quality Build: we are a boutique developer and we focus on delivering small quality developments. We offer high end property and do not undertake large construction projects.
  • Limited Supply:  For high end property the supply is currently limited and forecast to remain limited. 
  • Full Build: We build and finish each development, you will not be left with half the development awaiting construction. This ensures once the development is ready that the environment is peaceful and appropriate for rental.
  • Security: we work with your lawyers to ensure your interests are secure throughout the build process
  • Turn Key project: we make this a hassle free investment.  We offer management packages and a range of optional guarantees. 
  • Detailed specification: we work closely with our architects to ensure that the specification for each development is detailed so you are clear about what we will deliver.  We ensure delivery against this specification. 
  • Extra Costs:  Some costs are not included within the initial build e.g. costs for fitting out kitchens, garage and where applicable swimming pool. We will tell you about these upfront.
  • International experience and local knowledge: We have local partners and staff in Istria, the business founders are English and are based in the UK and Hong Kong.  We employ quality assurance consultants from the UK to monitor all building works.  We incentivise our Croatia based partners and staff on delivery against a range of criteria, including quality. 
  • Solid Reputation:  the founders of VestaLand have solid reputations for being honest and straight forward. This has been clearly demonstrated by the first 4 developments in Croatia being sold out even before final plans were drawn up.

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