Industry Update
Opinion Article 6 October 2014

HVS Market Pulse: Croatia

By Nikolas Pavlidis, Consulting & Valuation Consultant at HVS Greece

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Croatia is a unitary democratic parliamentary republic at the crossroads of Central Europe, Southeast Europe, and the Mediterranean. Its capital city is Zagreb. Croatia covers 56,594 km² and has a diverse mostly continental and Mediterranean climate. Its 1,244 islands and reefs are a distinguishing symbol of Croatian tourism and a comparative advantage in its development. Due to such natural assets, nautical tourism is an especially valuable and successful segment of Croatian tourism and presents an pportunity for investors to venture into this highend market, which is still ignificantly underdeveloped. The country's population is 4.26 million.


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