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PROJECT DEVELOPMENT IN CROATIA

Investment in residential real estate in touristic zone. PROJECT DEVELOPMENT IN CROATIA. Belief in future development possibilities Enormous touristic potential Future member EU 1000 islands : mekka of watersport. WHY CROATIA.

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PROJECT DEVELOPMENT IN CROATIA

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  1. Investment in residential real estate in touristic zone

    PROJECT DEVELOPMENT IN CROATIA

  2. Belief in futuredevelopmentpossibilities Enormoustouristicpotential Futuremember EU 1000 islands : mekka of watersport WHY CROATIA
  3. Whereto start? Exploring the regionbetween Zadar and Dubrovnik. (about 450km of coastline) Most attractive : regionaroundandbetween Split and Makarska How starting to invest ?
  4. Begin 2005 : opening real estate agency in the center of Split : intermediary in sales searching real estatefor project development How tolearnabout the market ?
  5. Rolenotary in buying real estate is different as in Belgium !! Ownership has tobe “onetoone” Investigate of property is free of mortgagesyourself!! Studied 36 potentialinvestmentprojects Extremely high askingprices Whatdid we learn ?
  6. We investigated 36 potentialprojects. Youcansee the drawings of a project in Podstranaonly 500 meters from hotel Le Meridien. Potential investment
  7. We found a project in Mimiceaccording to ourobjectives Mimice : nice touristiclocationbetweenOmisch, Brelaand Makarska direct sea view Starting in Mimice
  8. Start with small project to learn more aboutobtaining building permits, way of constructing, workwithgovernment and finallyselling Risk management : no bank finance. Finaldecision :
  9. During the buying proces we found out thatit was notbuild in confirmationwith the building permit Coöperation of real estate agent, lawyerandnotary was professional Step 1 : buying
  10. Location permit : problemwithelectricityand water Building permit : has taken 2 years !! Step 2 : building permit
  11. Constructingwithlocal building constructor Step 3 : constructing
  12. Towhatitshouldbecome :
  13. Agreetobuy on conditionto have building permit : 6 weeks !!! New road made bygovernment Fase 2 : neigbouring land offered
  14. 18 monthstofinalise Goodcontactswithlocalgovernmenttosolveproblems After finishing : 100% renting in touristicseason. Construction :
  15. Fase 2
  16. Investigateownershipandlegal story of ownershipyourself Project development : USE LOCAL PARTNER Contact with different levels of government : language !!! CONCLUSIONS :
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