The new trend in holiday accommodation investment is commercial property. According to a study by Ernst & Young, hotel industry investment in Croatia is projected to be EUR1.2 billion at the end of 2022. Commercial properties and hotel for sale in Croatia might be anything from a modest guest house that has one or two bedrooms to a magnificent city or seafront hotel that has numerous rooms. There are more than 70,000 foreign property owners on the Adriatic coast.
The Croatian hotel market is dominated by domestic hotel groups with the five biggest companies controlling more than 60 percent of capacity in Croatia. Investors from overseas equity markets are increasingly turning their attention towards greenfield investments in mixed-use resorts. They are focusing their efforts on hotels, luxury villas, and apartments with an element of real estate as it guarantees the long-term stability of their finances. In Croatia it is possible to renovate or repair an existing commercial property or construct a hotel from scratch.
Croatia’s Top Locations for Buying a Hotel
Croatia is one of the most visited places to visit in Europe due to its breathtaking islands-speckled coastline, its rich cultural heritage, and breathtaking white pebble beach. When you invest in a luxury hotel commercial property, it has the potential to make significantly more in rental income per year and also has a better chance to resell profits as compared to a residence. Particularly when you purchase at the right price in the right area. There are a few large-scale resorts with residential areas on the whole Croatian coast.
Investors are constantly monitoring the Croatian real estate market and are observing the appealing offers which have appeared in Zagreb (the capital) or other major cities on the Adriatic coast. Developed destinations with close proximity to the airport and a good infrastructure are among the most sought-after selections. The most sought-after areas are located on the coast, particularly Istria with 33 percent of properties owned by foreigners, followed by Primorje-Gorski Kotar with 26% and Split-Dalmatia which is 12%. In Zadar county, and Dubrovnik-Neretva there is a growing trend toward luxury villas that are managed directly by the owners.
Trustworthy Tourism Investment
A number of international hotel owners have been looking for opportunities to invest in Croatian hotels in recent times. It is safe and close to its main markets of origin. In Croatia, it is possible to buy a pre-owned hotel with a team of specialist brokers dedicated solely to the sale of hotels, luxury villas and other tourism-related property and businesses. Knez Real Estate offers quality hotels for sale in Croatia. The vast hotel real estate listing is exclusive and meticulously filtered from commercial properties on a budget to privately-owned luxurious boutique hotels and international chains.
There are hotels available in the major cities such as Dubrovnik or Split and in regional areas. This service is exceptional with professional advice, while keeping confidentiality and discretion throughout the entire process. Knez Real Estate is a full-service firm that specializes in real estate. We have the ability to learn from other industries and use the knowledge gained to help know the current trends in market conditions in the purchase or investment in tourism.