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Cushman and Wakefield offering properties in Brac



Country:  Croatia; Greece

16 July 2008  

Cushman and Wakefield is now marketing properties for sale on the largest of Croatia’s central Dalmatian islands, Brac.

The company is offering 84 off-plan contemporary apartments at Kavanjin, a new development situated on the northwest side of the island, just five-minutes walk from the water’s edge, with views of Sutivan Bay and Split beyond.

Croatia is fast regaining its appeal as a popular holiday destination, and this in turn is driving demand for property for sale in Croatia. Tourism in Croatia is expected to grow from a US$7.9bn industry in 2003 to a US$20.2bn industry in 2013, according to the World Tourism Organisation.

Andrew Piper from Emerging Market Property says: “Croatia provides a Mediterranean lifestyle at a lower cost than similar, coastal locations. According to local agents, property prices on the Croatian coast have increased more than 10% a year for the past five years, with island properties showing particularly strong growth.

“The increase in tourism demand is good news for property owners and Kavanjin is linked with a UK travel operator to provide holiday rentals. A Split-based management company will ensure that properties are maintained when owners aren’t at their properties.”

Properties at Kavanjin, which is due for completion in September 2009, range from €157,500 (around £125,762) for a 73sqm one-bedroom apartment up to €369,000 (approx £295,000) for a 325 sq m three-bedroom apartment.



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