 Investment in residential real estate in touristic zone PROJECT DEVELOPMENT IN CROATIA.

Slides:

Advertisements

Similar presentations

Buying and Selling a Home

Advertisements

REALTY KNOWLEDGE ARBITRAGE ADDING VALUE THROUGH AT LandSmiths Projects Pvt. Ltd. Credentials Statement.

 ‘Trade-Offs’  Interest › Lost with a down payment/security deposit  Commuting › Driving to work daily › Time vs Cost  Time & Money › Lower/older.

 $2 000 billion: the total value of the real estate assets that should be disposed of by 58 European banks within 2 years, according to the IMF. EMBA.

BUSINESS ZONE OGULIN. KARLOVAC COUNTY ECONOMIC ENVIROMENT OF BUSINESS ZONE OGULIN Position: in central Croatia Surface: km² 5 cities, 17 municipalities.

A Member of Erste Bank-Group and Sparkassen Real Estate Leasing in Romania Harald Trinkl / Vasile Cristescu Bucharest, October 19th, 2006 National Leasing.

The EDGE Information and news that gives you an edge in the real estate business In This Week’s “The EDGE” Houston’s Building Boom by the Numbers The Vote.

SINGLE FAMILY HOUSING: PRICING, INVESTMENTS, AND TAX INVESTMENTS OBJECTIVES Analysis of Investment Property Tax and Depreciation Effects Appraisals Income.

CHAPTER SEVEN SINGLE FAMILY HOUSING: PRICING, INVESTMENTS, AND TAX INVESTMENTS.

DKM Presents The Property Boom In Poland Davidoff Kleeberg & Maresch Residential & Commercial Real Estate in Poland.

I N V E S T I N V E S T Your business partner in Germany.

Real Estate Transaction Model England & Wales Robert Dixon-Gough With acknowledgements to Marina Vaskovitch.

INVESTMENT IN GREECE THE NEW ERA Presented By George Gaganas Advocate & Legal Consultant.

Cloud travel platform Unlocking Doors Across the Travel Ecosystem.

Feri Wealth Management GmbH Direct Investments in German Real Estate Dr. Jürgen Schäfer Berlin, October 27, 2006.

Finding and Selecting a Home.  What Are the Steps for Buying a Home? 1.Determine if you should rent or buy 2.Determine how much you can afford to spend.

Conducting Real Estate Business with China LIAO Junping Vice President, CIREA Nov Orlando.

Small Farm Profitability: Is Wind Energy the Answer? 1

Housing Costs. Mortgage Loans Mortgage Loan Amount= Selling Price – Down Payment Example House is 140,000 and they ask for a 15% down payment $140,000.

Chapter 22 Buying a Home.

Russians, purchasing second homes abroad: budgets, motivation, preferences. Trends for FFIABCI Congress St. Petersburg, May 2012 Tatiana.

„Kiwis“ should invest in German Residential Properties.

Client Services Portfolio. * Searching for advertised properties? * Looking for properties with “ For Sale ” signs? * Talking to several agents? What.

United Nations Economic Commission for Europe Statistical Division UNECE Workshop on Consumer Price Indices Istanbul, Turkey,10-13 October 2011 Session.

BaltEstate.eu – Real Estate Agency in Latvia BaltEstate.eu1 1.

Back to EU Member states Malta Contents 1.Introduction – why buy real estate? 2.Contact details 3.Forms of property ownership 4.Taxes and other costs on.

Project location, The project and financial overview

The Keys to Buying Your Home Awesome Agent - Residential Specialist Your name Residential Specialist

Development Projects Construction of residential real estate in Kiev, Ukraine.

To start a new business, buy an existing business, or buy a Franchise

Houston Building Permits Are on the Rise Building permits issued by the City of Houston over a 12-month period ending in February rose 19 percent over.

Public and Private Partnerships in the Baltic Region: Experience of Riga City.

Chapter 5: In This Chapter Introduction Foreign ownership Financing Commercial real estate Residential real estate Rental property Licensing and brokerage.

Marketing Plan Who Says There's No Free Lunch? Blue Homes Ltd.

©2011 Cengage Learning. Chapter 18 ©2011 Cengage Learning APPLIED REAL ESTATE ECONOMICS.

Health resort project “Bosna - AS” Sarajevo, 2015.

FIRST TIME HOMEBUYERS SEMINAR. BROUGHT TO YOU BY David Wax Casey Gates Gerry Suarez.

Chapter 5 Owning a Home The Right Place The Right Price Buying Process and Terms Feeling at Home.

19-4. Selecting a house  Real estate- Land and anything attached to it.  Mobile home Cheaper than buying a house Usually in a park with other mobile.

REAL Trends Top 200 Brokerages RE/MAX Rank for Transactions Nationally Just Look How RE/MAX Dominates!

Selling Price Vs. Timing Timing is extremely important in the real estate market. A property attracts the most activity from the real estate community.

Careers in Real Estate. Exploring the World of Real Estate The real estate profession has expanded and offers one of the widest career selections in the.

Rights and Responsibilities of Renting or Buying a Home.

SAFE ASSET MANAGEMENT Real Solutions for US Real Estate.

2016 CALIFORNIA INVESTOR SURVEY 1. Survey Methodology 364 online surveys conducted in February-March 2016 Respondents: REALTORS® who have worked with.

Chapter © 2010 South-Western, Cengage Learning Buying a Home Why Buy a Home? The Home-Buying Process 22.

INVESTING IN UK PROPERTY MARKET JOHN O’CALLAGHAN PARTNER RONALD FLETCHER BAKER LLP CITY OFFICE WEST END OFFICE ISTANBUL OFFICE WITH MORAL LAW FIRM 326.

© South-Western Educational Publishing Buying a Home.

PURCHASING A PROPERTY 1. REFERS TO: NON-EUROPEAN CITIZENS MINIMUM WORTH OF PROPERTY: EURO  The worth is the amount shown on the lease contracts.

C.A.R. RESEARCH HIGHLIGHTS June 5, 2008 Joel Singer Executive Vice President California Association of REALTORS®

Build a Professional Team Site Selection / Market Analysis Preliminary Feasibility Option to Purchase Land Feasibility Study Financing and Ownership Entity.

Why should hire London Property Buying Agent to Buy or Sell Property ?

The Home-Buying Process Finding and Selecting a Home.

Section 7.3. The Home Buying Process Buying a home will probably be the most expensive purchase you ever make. You will need to determine your home ownership.

The Residual Method Introduction:

ROLE AND FUNCTION OF REAL ESTATE AGENT

Post Classifieds Ads Onlyforads.com is a classified website for buy and sell your products. Post Classified Ads here and you can get daily deals with.

The Housing Decision: Factors and Finances

REAL ESTATES LEASING & SALES AGENTS

British Virgin Islands

Real Estate Development

Real Estate For Newbie Real Estate For Newbie.

TIPS TO INVEST IN COMMERCIAL PROPERTY. INTRODUCTION IN INDIA, THE REAL ESTATE HAS ALWAYS BEEN LUCRATIVE AND FAVOURABLE INVESTMENT OPTION. HIGH GROWTH.

WELCOME TO The Rudy Group. ABOUT US The Rudy Group provides commercial and residential services for Buyers. Seller. Investors AS well AS property management.

Handbook on Residential Property Price Indices

INVESTMENT - PURCHASE SALES-SHARE PROJECTS USA

THE PROOF IS IN THE NUMBERS

Investment guide dubai real estate

Things to consider before buy a real estate property.

Presentation transcript:

 Investment in residential real estate in touristic zone PROJECT DEVELOPMENT IN CROATIA

 Belief in future development possibilities  Enormous touristic potential  Future member EU  1000 islands : mekka of watersport WHY CROATIA

 Where to start? Exploring the region between Zadar and Dubrovnik. (about 450km of coastline)  Most attractive : region around and between Split and Makarska How starting to invest ?

 Begin 2005 : opening real estate agency in the center of Split : intermediary in sales intermediary in sales searching real estate for project development searching real estate for project development How to learn about the market ?

 Role notary in buying real estate is different as in Belgium !!  Ownership has to be “one to one”  Investigate of property is free of mortgages yourself!!  Studied 36 potential investment projects  Extremely high asking prices What did we learn ?

 We investigated 36 potential projects. You can see the drawings of a project in Podstrana only 500 meters from hotel Le Meridien. Potential investment

 We found a project in Mimice according to our objectives  Mimice : nice touristic location between Omisch, Brela and Makarska nice touristic location between Omisch, Brela and Makarska direct sea view direct sea view Starting in Mimice

 Start with small project to learn more about obtaining building permits, way of constructing, work with government and finally selling  Risk management : no bank finance. Final decision :

 During the buying proces we found out that it was not build in confirmation with the building permit  Coöperation of real estate agent, lawyer and notary was professional Step 1 : buying

 Location permit : problem with electricity and water  Building permit : has taken 2 years !! Step 2 : building permit

 Constructing with local building constructor Step 3 : constructing

To what it should become :

 Agree to buy on condition to have building permit : 6 weeks !!!  New road made by government Fase 2 : neigbouring land offered

 18 months to finalise  Good contacts with local government to solve problems  After finishing : 100% renting in touristic season. Construction :

Fase 2

 Investigate ownership and legal story of ownership yourself  Project development : USE LOCAL PARTNER  Contact with different levels of government : language !!! CONCLUSIONS :