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For more information to complete the application form.
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COUNTRIES |
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CLUB RATING. |
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Rentability |
An infant market to soon to tell |
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Capital Appreciation |
5-10 year plan, Too early to tell |
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Long term rating |
Excellent, new airports and direct flights |
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Country History
Once part of the Roman, Ottoman and Austrian Habsburg empires,
Croatia finally declared its independence from the former
Communist state of Yugoslavia in 1991. Ethnic fighting
in the western Balkans (in the 1990s) brought havoc to
Croatia; historic cities and towns like (Dubrovnik
and Zadar) were devastated; and even temporally abandoned.
Croatia is a beautiful land, with a jagged coastline
(the Dalmatian), one dotted with dozens of islands.
Inland, the lower mountains and hills of the Dinaric
Alps slice through the country. Happily, Croatia's tourism
is on the rebound, as its coastal resorts, Roman ruins,
the capital city of Zagreb, and very pleasant weather
make it one of the hottest destinations on the continent.
Croatia is located in the South Eastern corner
of mainland Europe where it enjoys nearly 1800 kilometres
of coastline on the Adriatic and Mediterranean Seas. It also
has nearly 1000 islands along the coast, making it a truly
spectacular tourist destination. The country at 56,500 square
kilometres is around one fifth the size of the United Kingdom
and has 4.5 million inhabitants.
Country Facts
Location: Southeastern Europe, bordering the Adriatic Sea, between Bosnia and Herzegovina and Slovenia
Land Area: total: 56,542 sq km land: 56,414 sq km water: 128 sq km
Land Boundaries: total: 2,197 km border countries: Bosnia and Herzegovina 932 km, Hungary 329 km, Serbia and Montenegro (north) 241 km, Serbia and Montenegro (south) 25 km, Slovenia 670 km
Coastline: 5,835km (mainland 1,777km, islands 4,058 km)
Climate: temperate: Mediterranean and continental; continental climate predominant with hot summers and cold winters; mild winters, dry summers along coast
Terrain: geographically diverse; flat plains along Hungarian border, low mountains and highlands near Adriatic coastline and islands
Environmental Issues to consider: air pollution (from metallurgical plants) and resulting acid
rain is damaging the forests; coastal pollution from industrial and domestic waste; landmine removal and reconstruction of infrastructure consequent to 1992-95 civil strife
Population: 4,494,749 (July 2006 est.) 0-14 years: 16.2% (male 373,638/female 354,261)15-64 years: 67% (male 1,497,958/female 1,515,314) 65 years and over: 16.8% (male 288,480/female 465,098)(2006 est.)
Government Type: presidential/parliamentary democracy - Capital City Zagreb. Country districts:- 20 counties (zupanije, zupanija - singular) and 1 city* (grad - singular); Bjelovarsko-Bilogorska Zupanija, Brodsko-Posavska Zupanija, Dubrovacko-Neretvanska Zupanija, Istarska Zupanija, Karlovacka Zupanija, Koprivnicko-Krizevacka Zupanija, Krapinsko-Zagorska Zupanija, Licko-Senjska Zupanija, Medimurska Zupanija, Osjecko-Baranjska Zupanija, Pozesko-Slavonska Zupanija, Primorsko-Goranska Zupanija, Sibensko-Kninska Zupanija, Sisacko-Moslavacka Zupanija, Splitsko-Dalmatinska Zupanija, Varazdinska Zupanija, Viroviticko-Podravska Zupanija, Vukovarsko-Srijemska
Zupanija, Zadarska Zupanija, Zagreb*, Zagrebacka Zupanija
Legal System: based on civil law system
GDP is $55.76 billion (2005 est.) GDP per capita $11,600 (2005) and growth rate 4.0% (2005 est.) with inflation running at 3.2% (2005 est.), Industrial Production growth 4.5% (2005).
Why Buy In Croatia?
Before the dissolution of Yugoslavia, the Republic of Croatia, after Slovenia, was the most prosperous and industrialized area with a per capita output perhaps one-third above the Yugoslav average. The economy emerged from a mild recession in 2000 with tourism, banking, and public investments leading the way. Unemployment remains high, at about 18%, with structural factors slowing its decline. While macroeconomic stabilization has largely been achieved, structural reforms lag because of deep resistance on the part of the public and lack of strong support from politicians. Growth, while impressive at about 3% to 4% for the last several years, has been stimulated, in part, through high fiscal deficits and rapid credit growth. The EU accession process should accelerate fiscal and structural reform.
Why Buy In Croatia?
As part of the old Yugoslavia the region built up an impressive tourist industry in the second half of the twentieth century, and was a place where many people had second homes, along the coast. However the whole industry disintegrated during the early 1990’s when war came to the Balkans. Since the end of the war there has been a big charm offensive to woo the tourists back, and with its outstanding natural scenery and its long hot summers, tourists have come back in their droves. The country has a presidential/parliamentary democracy and politicians from all sides are pushing hard to get foreign investment in to the country as the way to get momentum in to the economy. Croatia is tipped by several financial magazines as the one to watch during 2006, as its property prices are relatively low compared to the more developed areas in Europe. A typical one bedroom apartment along the coast can be bought for £50,000, and an annual property price rise of 15% is commonplace, along with a 10% yield on rented property. The financial magazines also cite that with inflation at 3.2% and falling, along with growth at 3.2% and rising Croatia will soon regain its status as the premier holiday destination for the area. We see these as all good pointers as to why investing here would be beneficial.
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Useful Information: |
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Time Difference: +1 GMT |
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Currency: Croatian Kuna (HRK) & Euros |
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Flying Time: 2 Hours |
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Visa Required: No |
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Major Airports: Zagreb & Dubrovnik |
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Work Visa Required: Yes |
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Dialing Code: 00 385 |
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Electricity: 220V/50Hz |
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