2014-04-02 20:43:01 - Croatia Real Estate Report Q1 2014 - a new market research report on companiesandmarkets.com
2014 see Croatia´s economy expand for the first time in five years while the country will also begin its first full year as an EU member state. The Croatia real estate report examines the effect which these developments will have on the commercial office, retail, industrial and construction sectors and considers the impact of a gloomy outlook for the economy.
On July 1 2013, Croatia became the EU´s 28th member state. Not only will this have a positive impact upon stability in the region, ascension to the EU is also set to unlock billions of euros for investment in better connecting the bloc´s newest member to the single market. Deputy Prime Minister Vesna Pusic has stated that Croatia will be the
recipient of EUR10bn (US$13bn) up to 2020 to be spent on infrastructure and construction projects. In turn, this should start to re-invigorate the static real estate and construction pipeline that Croatia - as a reflection of the wider Central and Eastern Europe (CEE) as a region - has seen over recent years, although this process will be slow.
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