Croatia: Can Its Real Estate Market Match Other elite world destinations?
The modern real estate market is very complex. There is a great deal of interest around the world in buying luxury real estate.
Croatia will not be at the top of the most desirable destinations for a long time.
We are an expensive country. Our luxury properties are for sale at world (unrealistic) prices.
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The ratio of the purchase price of the real estate to the return on investment through the long-term lease of the real estate is not 10 years as abroad, but is 20, 30 or more years.
Unrealistic and unprofitable. The artistic impression of real estate is an overrated category in our country. Our market has been priced in the "creative mess" for years. The state imposes high tax rates, which makes our destinations even less desirable for customers.
Our summer season is relatively short (100 days). Elite hotel tourism is not accompanied by other luxury and luxury offer in cities.
What do we not have?
... we don't have Cannes, Rimini, Rome, Paris, London, Dubai, Coco Chanel, Gucci, Prada, Versace.
We do not have any truly elite and luxurious destinations, recognizable by pure luxury, recognizable by the glamor and luxurious offer of world-renowned brands.