Following Croatia’s membership of the European Union, demand for second homes has risen 30%, led by German and Austrian buyers, says agent, Engel & Völkers

Since Croatia joined the European Union, interest in second homes has increased significantly, with one leading agent seeing inquiries rise 30% in the last year.

In view of the growth in demand, leading agent Engel & Völkers is anticipating significant price rises for second homes in the country’s most popular regions and says the market is dominated by German and Austrian buyers.

Michael Grimm, Managing Partner of Engel & Völkers in Rab and Opatija, says, “In the first quarter of 2014 we registered an increase in enquiries of around thirty per cent over the same period in the previous year. Buyers from Germany and Austria in particular are showing an increased interest in exclusive holiday properties on the Adriatic.

“As a result of EU entry we are registering significantly more viewing appointments and genuine intentions to purchase from foreign buyers. Compared to Spain or Italy, the prices for holiday homes in Croatia in the very best locations are still relatively low. That said, the growing level of demand means that we are anticipating a considerable rise in prices for …read more

Source: OPP

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