Buying property in Croatia is now much easier for foreign nationals after a government law change gave them the same purchase rights as locals.
From this week foreign investment is no longer restricted to only buildings and flats, and can now involve ownership of the land a homes stands on too.
The move could open up thousands of property investment opportunities as Croatia is currently moving towards EU membership – likely to drive up prices if approved.
Catherine Deshayes of the Move Channel said: “These new changes look to drastically alter the second home and investment market in the country.
“Those seeking a holiday home are drawn mainly to the coast, for the stunning views and strong rental potential.”
A number of off plan property schemes are scheduled to crop up along Croatia’s western coast, and island developments are also on the rise.
Designer apartments are currently on sale in a scheme being built on the island of Brac, with prices ranging from 153,000 to 369,000 Euros for an estimated September 2009 delivery.
Elsewhere new investment property is on sale at a five-building scheme with six luxury apartments each in Cizicin on the island of Krk.
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