New Study: Croatia Real Estate Report 2015

From: Fast Market Research, Inc.
Published: Mon Sep 21 2015

The dire macroeconomic situation, rising public debt levels , falling consumption levels and low investor confidence are all factors hinting towards a bleak 2015 for the commercial real estate market. Continuously falling demand, despite few new developments in the pipeline, is expected to lead to stagnating rent s in all commercial sub-sectors in two of our three monitored cities over the next 24 months . Net yields will decline across the two of our three cities, with only Zadar expected to post positive movement.

Rising public debt, a problematic situation in the financial sector and negative economic growth are keeping a tight hold of Croatia, more than a year into its EU membership. Greater access to EU funds has so far not been translated into growth. In contrast, expectations that the country will require an IMF/EU bailout in 2015 are becoming more realistic. For 2014, our Country Risk team is expecting negative growth of 0.7%, while 2015 will see little economic recovery with current expectations forecasting 0.6% growth. The Croatian business environment remains towards the bottom of the EU, only slightly superior to basement-dwelling Greece.

Full Report Details at

With the dire macroeconomic situation continuing, consumer confidence and private spending remain in the negative, with foreign investors becoming increasingly sceptical. As demand for commercial real estate space stagnates and falls, the fact that few developments are in the pipeline must at least be considered a stabilising factor for rents and yields. Nonetheless, we see both slightly decreasing over the course of the next two years in all sectors. The turning of office space into retail properties in some Croatian cities can only re-balance the supply-demand environment for so long, especially considering that demand for retail space is wavering, despite strong growth in tourism.

The Croatia Real Estate Report features BMI Research's market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.

BMI's Croatia Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Croatia.

Key Benefits

* Benchmark BMI's independent real estate industry forecasts for Croatia to test other views - a key input for successful budgeting and strategic business planning in the Croatian real estate market.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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