With more coastline than any other European country, Croatia hides some of the most exquisite real estate in the world—at some of the lowest prices. A powerful trend is under way. Tourists are returning. Property prices are rising. The future looks bright. Now is the time to pay attention to this market, where you could double or triple the value of your real estate investment dollars in a short amount of time. The long term could be even more promising.
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For decades the Iron Curtain divided Europe in two. Folks in the U.S. and Western Europe were afforded only glimpses of life in the Eastern Bloc. The political situation severely restricted travel. And half of Europe became an uncharted and unknown land. Then the Berlin Wall fell and a dozen or so nations opened up, embracing new freedoms. Visitors were welcomed and discovered a history going back thousands of years, regions of untouched natural beauty, and a seriously low cost of living.
In medieval Europe, keeping an eye out for and guarding against invasion—a frequent occurrence in those days—was no easy feat. But one of a nobleman’s greatest defensive weapons was a castle perched on a rocky hilltop near an important mountain pass. The location itself—surrounded by steep cliff—offered protection.
For thousands of years skiing was just a way to travel in winter, carry mail and goods to snowbound towns, or—believe it or not—charge into battle. Then in the mid-19th century the first races took place and before long enthusiastic amateurs had taken up the sport.
Blue becomes bluer, every shade from sapphire to cobalt. Sea merges with sky. The intensity of blueness is almost too much. It’s as if the Adriatic has fallen into the clutches of a Photoshop enthusiast with an uncontrolled passion for color saturation.
Take a look at some up and coming hotspots for international real estate investing.
Croatia is often dubbed “the Mediterranean as it used to be” or “the new Tuscany.” But are the accolades justified?
My house-hunting story in Istria began on a whim. Four years ago, while in Budapest on business, I found myself with a weekend to fill.