Foreign interest in Croatian real estate has risen as the definite date for its accession into the EU is now known, reports Croatian radio television.
Croatia can become an official member state with the EU on 1 July 2013 and already there's increased interest from European investors in owning property in Croatia, which will have an effect on real estate prices in the nation.
Foreign property buyers interested in real estate in Croatia have asserted clean titles and saftey will be the biggest priorities when choosing to purchase property.
A recent survey found that Croatians prefer to own their very own apartments. Some 86 percent own their own apartments in Croatia, weighed against the rest of Europe where the average is simply around 20 per cent.
So that you can overcome the financial crisis and spur the economy, Croatian officials organised "Invest in Croatia" in Zagreb. The October10th-11th conference attracted a huge selection of foreign businessmen and Croatian millionaires living and abroad.
"The government removed many potential investment barriers previously years, and we are actively wanting to attract foreign investments, as this is our policy priority. By fighting corruption, we sent a definite message to our potential business partners," said Prime Minister Jadranka Kosor in the opening ceremony.
With Europe inside the throes of a financial crisis, attracting foreign investment has grown to be more difficult. Tourism, energy and the food industry are the main points of interest in Croatia, where 24 billion euros happen to be invested since 1993.
"It is a great idea to gather business people and show the time and projects here," Andrew Scott, a professor at the London Business School, told SETimes. He stated the importance of continuing with reforms that could clearly signal to foreign investors the safe investment environment in Croatia.
Chamber of Commerce President Nadan Vidosevic told SETimes Croatia's geographic location makes it attractive to foreign investors.
Most optimistic on the list of participants was Ajit Singh from ACG Worldwide. His company, headquartered in India, had no regrets about investing in Croatia. They purchased a factory producing gelatin capsules.
"Two . 5 years ago our investment became profitable. Croatian staff are educated and prepared to learn," he told SETimes after his presentation. He mentioned plans to expand the business with a new factory in Ludbreg, in Croatia's north, turning the organization into a regional and European hub.
Well-known Croatian business people who made their fortune abroad taken part in the Zagreb conference. Millionaire Darko Koncar has an interest in buying and restructuring the Croatian shipyard industry and folks the wealthy Luksic family from Chile attended the Zagreb conference.
Croatian Vice-President Domagoj Ivan Milosevic, the organiser from the event, presented a central database of all investment projects in Croatia where potential investors can discover important business opportunity details.
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