Those Who Think That The Croatian Folks Will Vote Yes In This Vote, And That Croatia Won’t Fall At Any Of The Remaining Hurdles, Will Likely Be Looking At Making An Investment In Croatia Property.
For those that don’t know, Croatia and the Western European Union completed and concluded the talks on Croatia’s accession. The way is now paved for Croatia to enter the union in July 2013.
While this doesn’t guarantee that Croatia will become the 28th ECU member, those that think that they can make an enlightened guess as to the chance that accession will go ahead, will probably be hoping to buy Croatia real estate at their earliest convenience.
The closing of negotiations was declared at the 13th ministerial level EU-Croatia accession conference by Hungarian foreign minister Jnos Martonyi, who called it a “day of historic significance” not only for Croatia but for the EU Union also.
He told reporters the remaining 4 chapters of negotiation had been officially concluded, and therefore the completion of these very complex chapters meant that Croatia had managed to deliver a good range of performance baselines.
Now Croatia and the ECU will sign the accession treaty, which must be accepted by all TWENTY-SEVEN ECU members, as well as the Croatian people by way of a vote.
If all that goes as planned Croatia will become the 28th member of the EU Union on July first 2013, the cut-off date for the ECU and Croatia to ratify the accession contract.
Those who believe that the Croatian folk will vote yes in this referendum, and that Croatia won’t fall at any of the remaining hurdles, will probably be having a look at investing in Croatia property.
We all know that ECU accession has an inclination to bring fast escalation in property values, and Croatian property values are presently at a particularly low level as reported tagza.com.
What are taking place with others nations in Europe in property market?
All the signs suggest that the Portuguese property market is still slowly disintegrating, as figures from the May RICS / CI Portuguese Housing Market Survey show sales activity and pricing are continuing to weaken. Further gloom comes in the shape of the National Activity and State Confidence Indices which both dropped 7 points towards -39 and -60 respectively.
The country is presently braced for a new wave of austerity measures as the just elected Social Democratic government is under a large amount of pressure from both the IMF and the ECU to implement measures they considered necessary in order to secure an ECU rescue of about £70 billion.
According to the RICS these figures show that declining prices are driven by falling demand. At least there’s not a problem of oversupply as most householders are sitting tight and new seller instructions have been dropping since December. As with most states there are regional modifications, as the price falls were greatest in Lisbon and Porto but have slowed in the ever popular Algarve.
It isn’t all despondency, as sales figures in the Algarve and Porto are now falling at a gentler rate than in Apr, and May saw an encouraging number of new enquiries.
The Algarve can expect to see an increase in demand because of the holiday season, while other regions are probably going to continue to be influenced by credit restraints and distressed properties on the market. At the moment money customers are the primary financiers in Portuguese property due to the shortage of available finance, and this gives them far larger bargaining power with sellers and developers.
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