Published: 9th September 2013
Following the news this week that Croatia has finally finished its accession talks with European Union officials, the country looks set to become the first Balkan region country to join the full EU. With full membership expected to be completed by mid-2013, the expectations are that this will result in a significant increase in demand for property in Croatia.
With the talks now complete, the next steps are for Croatia to sign up to the Treaty, something which is expected to be completed by the end of 2011. Following the signing of the Treaty, Croatia's membership of the European Union must be ratified by all current members of the EU. The date for accession into the European Union for Croatia is officially set for the 1st July 2013.
The path to full accession has not been a smooth one for Croatia, who initially applied in 2009, only to see their plans blocked following a border dispute with neighbours Slovenia. For investors looking to purchase property in Croatia, the agreement to European Union membership is good news, as it is likely to lead to considerable subsidies as well as a boost in tourism.