29th Oct '08 - Croatia: The Credit Crunch Escape?
Posted on Wednesday, October 29th, 2008 at 10:49am
Croatia could be the perfect destination to invest in, it has been claimed, which may interest homeowners who have a loan and are looking to buy an overseas property with it.
With relatively low prices, good transport links and an increasing popularity with tourists, buying a property in Croatia could be an attractive venture, Andrea Marston, general manager at Investment Group Croatia, reports.
"Now that you can fly there much easier and there is a motorway connecting it to central Europe, more people are seeing it as a good long-term investment," she says, which may mean using secured loans to fund such a deal could be wise.
The Croatian Bureau of Statistics reveals that 2.92 million people visited the country in August 2008, while the average price of new apartments per square metre during the first half of 2008 was £1,492, a figure which may be comfortably covered with a loan.
Britons looking for a way to pay for a home abroad may want to research secured loans.
An adverse credit history may affect an application, although such loans may be granted on the basis that the lender has security in the form of a current property.

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