Croatia property will see a massive upturn in sales towards the end of this year, as EU negotiations over its accession nears its positive resolution, according to overseas property experts.
There is little doubt that Croatia will become a full member of the EU early in 2010. Its accession will undoubtedly being price rises on Croatia property, according to overseas property portal Property Abroad. Erin Scott, the firm's director of market trends research for the firm said:
"The smart money goes on Croatia gaining full accession to the EU early 2010. Croatia first applied for EU membership in 2003, and its massive support from the EC made investors think it would be a quick process. Investment in the country and in property in the country grew almost exponentially. Croatia's accession however, has been severely delayed by disputes over the Slovenia border. This resulted in investment slowing and price growth being stalled since mid-2008".
"However, if any of the other recently new member states are anything to go by (Estonia, Bulgaria etc) EU accession will cause property price growth to restart in Croatia, and investors will be eager to buy before this new growth spurt begins".
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