Croatian property investment emerged as a standout in Southeast Europe amidst a challenging economic landscape in 2023.
While Europe experienced a nearly 50% decline in investment activity, Southeastern Europe, including Croatia, saw a stable level of investor and developer engagement. Ivana Rajković Špes, Business Manager at CBRE, noted that the region, including Croatia, Slovenia, Serbia, and Bulgaria, recorded an annual growth of over 80%, maintaining a consistent trend from previous years.
Unlike more developed European markets where real estate values plummeted, Southeastern Europe experienced relatively minor fluctuations. Croatia, in particular, stood out as a significant hub for investment, capturing almost half of the total investment volume in the wider region. "Investment Forum" conference in Zagreb ( https://www.investments-forum.com/) aimed to explore Croatia's unique position in real estate investment, analyzing its attractiveness and potential impact of broader European trends.
CBRE reported that Croatian investment volume surpassed 500 million euros in 2023, reaching a five-year high, with tourism and the industrial sector drawing notable attention. Despite a cautious outlook for 2024 due to lingering effects from more developed markets, Croatia's appeal remains strong, fueled by its thriving tourism industry and growing commercial sector.
Source: https://total-croatia-news.com/news/business/croatian-property-investment/
