Real Estate News, Realty Guide

Real estate investment is fast becoming an option for making money, and buying property in Croatia is being seen as a good investment choice. Croatia has a strong market economy and is considered to be one of the most advanced economies of South Eastern Europe since it became an independent country.

In earlier years, the rules and regulations governing buying property in Croatia was restrictive because Croatia used to be under foreign rule. Around 1990, this changed and the rules towards buying property in Croatian markets began to change. The liberalization of the rules made it possible for foreign investors to invest in real estate within the country. Foreign investors were initially reluctant to invest in the markets owing to the fact that the Croatian government was unstable. However, the liberal attitude of the government towards foreign investments could make the Croatian real estate market one of the most popular property markets for investors. Many real estate experts who have studied the progress of the Croatian property market have concluded that investing in residential property in Croatia today will have many benefits. The experts have also predicted, that overtime it is expected many foreigners will buy property in Croatia as the returns are predicted to be strong.

There are a number of trends amongst those buying property in Croatia. Property investment, coming from foreign nationals, was at first not usually seen within single-family home residential neighbourhoods. Foreign nationals tended to invest in apartments and properties in the countryside that could be used as a holiday home. However, the popularity of residential property amongst foreigners is showing a steady increase and the movement in this arena has been unhurried and premeditated.

Croatia has more than an attractive property market to offer investors. Croatia has been blessed with a natural beauty that has a pristine quality and an alluring charm. The fact that much of the flora and fauna of the country can be used to attract tourists from all over the world has made it an upcoming holiday destination. The climate is varied – in the interior regions the summers are hot and dry and the winters cold and humid. In the mountainous regions the summers are fresh and snow can be heavy in the winter times. In the costal regions the summers are hot and the winters mild and humid. Croatia is proving popular with tourists who want the sun and tourists who want to enjoy winter sports at the ski resorts. The Croatian government is now taking strong steps towards ensuring that the tourism sector of the country can be used to support its economy, and as a result, holiday homes, resorts and hotels are looking to be the next preferred investment option in the country.

Prior to buying property in Croatia, it is wise to do some research around the subject especially as there are several steps involved before a property can be purchased, which includes: an offer made and accepted, then property searches to verify that the property title is clean and undisputed; Ministry of Justice (MoJ) approval is required to verify the buyer is a citizen of an approved country; there is Land Registration and Real Estate Transfer Tax (RETT) to be paid, which is similar to UK Stamp Duty. In order to ensure the property is bought legally, it is advisable to hire the services of an English-speaking lawyer, and/or seek advice from an overseas holiday club as they have specialist information to hand.

Owning property overseas can be challenging but a rewarding experience at the same time. Buying property in Croatia is a country to seriously consider, as the future is only getting better.

‘Buying property in Dubai’ has been one of the frequently discussed topics, especially among groups actively analyzing various regions for overseas property investments. In fact, on various occasions, the discussions have been transformed into heated debates, with the participants quite adamant on establishing their opinion on the subject. Well, if you have been a witness or involved in such events and come away feeling confused about whether buying property in Dubai is for you, then this article could assist you in making up your mind.

Buying property in Dubai, as an overseas investment avenue, is quite an interesting proposition.

The property market has grown at a phenomenal pace thus pumping up the rents and prices, and demand continues to grow. Investors from all over the world are closely analysing the region to look for the next property to invest in.

Property investments in Dubai

In an attempt to understand the supply movement in Dubai’s property market, let’s begin by identifying the plus factors offered by the region, for those contemplating investment.

Dubai is a rich nation and there isn’t any income or personal tax to be concerned about (hurrah!). The government has invested heavily in the infrastructure, and the Dubai landscape resembles an American city due to all the glass and concrete building. The tallest skyscrapers and the largest projects, like the Burj Dubai, are currently the identification marks of the city. This present scenario, more or less, is the realised output of Sheikh Mohammed Rashid Al-Maktoum (Dubai’s ruler). Dubai has four ports; the largest port is at Jebel Ali, the world’s largest artificial harbour created over 20 years ago, and is one of the world’s busiest ports for container shipping.

When buying property in Dubai, the property market is quite tempting in terms of prices and prospects. This includes the construction market, which is moving at a commendable pace to quickly create grander structures than the already applauded; and they easily qualify on the quality parameter. In fact Dubai’s Emaar Properties is, by now, working towards the construction of even grander structures, to further lure the interested. Foreign ownership of property is a recently introduced concept, which highlights the positive political framework in this direction. Tax advantages are explicit, which further strengthen the reason for buying property in Dubai.

To encapsulate the scenario, it can be stated that the Dubai property market’s expansion drive is comparatively young, but owing to the rapid pace of developments the market has matured a little earlier than expected, thus perhaps raising concerns. However, indications of further stabilisation are apparent.

Despite the boom, buying property in Dubai is still cheaper than various other commercial cities of interest. For comparable constructions in Dubai and London, the difference could be 4 times the base price. The tax advantages are also superior in contrast to various other overseas property investment options. According to recent research, the British own more property in Dubai than any other foreign nationality. One of the reasons Brits are heading for Dubai is because they can earn more income. A ‘Wealth Ranking Survey’ by Nat West International showed that expats can earn up to 40% more on average than their peers in Britain.

Dubai is expected to grow as a tourist attraction, as well as being the preferred business destination, while other countries present negligible scope in that direction. Dubai regions / projects, which are worth checking into include: Dubailand; The Burj Dubai Complex; Dubai Marina; Dubai Waterfront; Business Bay, etc. In conclusion, if you’re looking for an investment, buying a property in Dubai could be exactly what you need.