Croatian house prices 'set to drop'

Britons planning to invest in property in Croatia might want to make use of an exchange rate calculator in the coming months, as house prices could be set to fall.

According to Croatian real estate firm Investment Group Croatia, British buyers in the country are currently dwindling in number, with many purchasers now coming from Germany and Austria.

However, this trend could change in the near future, as Andrea Marston, the company's UK manager, suggests that property prices could be set to fall.

"In terms of what's going to happen with the market, I think prices will drop slightly," she commented.

Additionally, sellers are willing to negotiate on their asking prices, which means that buyers could barter the cost down, she added.

Britons planning to follow these methods, however, might first want to ensure they know how much cash they have to make use of by using an exchange rate calculator.

Last year, the Croatian Bureau of Statistics reported that the price of a new apartment rose to £1,492 per square metre in the first half of 2008 - marking an increase of 11.9 per cent compared with the same period in 2007.