alternative to the more classic Mediterranean destinations but with a
twist of Italian, Croatia offers a breathtaking coastline dotted with
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Today's property hunt is a question of home and away. Married Bedforshire couple Keith and Heather Darvall have a million pound budget and want a property in the West country and a bolt hole in Croatia. Even with their generous budget, the discerning couple have quite a hefty wishlist. As well as land, space and views in both of their properties, keen fisherman Keith is looking for their UK home to have a lake. Will they have to compromise on one of the properties or will Jasmine and Jonnie rise to the challenge?
Home properties - West Country
The good news for the outdoor loving couple is that the West Country will offer them plenty of opportunity for al fresco adventures. Areas of outstanding natural beauty abound, and with rivers criss crossing the region, Keith may be lucky and get that lake he's always dreamt of. The problem the couple might face is high house prices. The market is stabilising slightly but has previously shot up, and so the Darvalls may struggle to find exactly what they're looking for.
Away properties - Split, Croatia
The Darvalls have never visited Croatia, but have heard that it is a good investment because of its cheap property and high rental yields. Tourist numbers to the beautiful island of Split have been rising year on year, many of them British. In 2007 the numbers were around 57,000 and this has rocketed in recent times. Overseas visitors have been driven to the area to get a slice of the 260 days of sunshine a year. Split is one of the sunniest places in Europe and also a centre for culture, making it an ideal rental investment and a great place for the Darvalls to visit.
How far will their budget stretch?
Where tourists go, home-buyers follow; and new airline routes help.
Croatia is set to become a member of the EU in the middle of 2013 providing a boost to its tourism and economic prospects that potential investors should make the most of, according to the country’s property experts.
Actor Brad Pitt, nominated for an Oscar at this Sunday’s Academy awards for his role in Moneyball, may soon be adding a new string to his bow- that of property developer.
The definition of residency and its particular area of law is very complex, so its imperative you understand your liability for tax in both the UK and the country you are buying a property in...
If you're thinking of buying a property in Croatia, always check that the building is recorded at the Land Registry and with an independent lawyer...
Not many countries offer the same level of free healthcare as you get from the NHS in the UK – which makes getting adequate medical insurance when you live abroad essential.