Commercial properties are now a trend in holiday lodging investment. According to a study by Ernst & Young, hotel industry investment in Croatia is expected to hit EUR1.2 billion in 2022. A commercial property or hotel for sale in Croatia could mean any type, from a modest guest house with one or two bedrooms to a large urban or seafront hotel with many rooms. There are more than 70 000 foreign property owners along the Adriatic coast.
The Croatian hotel market is dominated by hotels in the country, with the five top companies owning more than 60 percent of the capacity in the country. International equity investors are turning their attention towards greenfield investments in mixed-use resorts. The focus is primarily on hotels, luxury villas and apartments that have the real estate element as it guarantees the long-term stability of their finances. In Croatia, it is also possible to renovate or repair a pre-existing commercial property or even build the hotel from scratch.
Most popular locations to buy Hotels in Croatia
Croatia is a favored tourist destination during summer in Europe due to its breathtaking islands and diverse heritage of culture. Also, it is home to beautiful white pebbly beaches. A luxury hotel is a better investment over a residence. It can earn an impressively higher annual rental income and offers a higher chance of the possibility of resales. It is a great investment, especially if you choose the right price and place. But, there are only small resorts that have residential components on the entire Croatian coast.
Investors are keeping a close eye on the Croatian real estate market and observing the attractive offers that have come up in Zagreb (the capital) or other major cities along the Adriatic coast. The most sought-after locations are those that have excellent infrastructure and are located close to the airport. The most sought-after areas are along the coast, mainly Istria with 33 percent of foreign-owned properties followed by Primorje-Gorski Kotar with 26%, and Split-Dalmatia, which has 12percent. There is a trend of luxury villas that are managed and owned by the owners in Zadar and Dubrovnik-Neretva.
Trustworthy Tourism Investment
A number of hotel companies around the world over the last couple of years have been looking for reliable tourism investment potentials located in desirable areas of the Croatian hotel market because it is a safe and secure country within its main markets of origin. It is possible to purchase a pre-owned hotel in Croatia with a team focused on the sale of hotels, luxury villas, as well as other properties and companies that are related to tourism. Knez Real Estate has quality hotels available to purchase in Croatia. The vast list of hotels for sale is exclusive and meticulously filtered from commercial properties on a budget to privately-owned luxury boutique hotels as well as international chains.
There are hotels in the major cities such as Dubrovnik or Split and also in the regions. The service is excellent offering professional advice while maintaining confidentiality and discretion throughout the process. Knez Real Estate is a full-service business that specializes in real estate. We are able to study different industries and apply this information to help you to understand the latest trends in the market to sell or invest in tourism.