Hi Grm

I wondered that my self for a little while, and this is my conclusion:

1. The returns are really poor, and there is so many better opportunities around.
2. Government planning laws are not very favourable for developers.
3. Bureaucracy is a killer
4. Your net rental returns will struggle to pay your mortgage (if you can get it as non-resident)

To give you an example, you can buy land in Provence for 80eur sqm (great location), it will take you around 2-3 weeks to get planing.

In Croatia, you will struggle to find land for that price at equal location, and you will need around 2 years minimum to get your planning, if you are really lucky.

In regards to renovation, its very messy job and still not profitable enough from someone from UK for example to go there, when they can make same amount of money at home.

With hotels, its very tricky. That can work out only as a small family business, and you will struggle to bring a big operator to run a hotel with less than 100 keys. If you bought a building, renovated it, whom will you sell it to for significant profit to make it worthwhile? There is no exit route.

I had number of serious investors from UK looking at many diferent options, and at the end we left it. It was just not worthwhile.

At the moment, Croatia suits someone who would like to buy a holiday home, and still get some money to pay most of the mortgage.

If you look to make money, there are much better places around.