Croatian property prices 'set to fall'

Following the relaxation of property-buying laws in Croatia, Britons may be interested to read that house prices in the country are stable and set to fall.

Those considering making an international money transfer for a property in Croatia can expect to see prices drop in the near future, Meri Matesic, director of the Croatian National Tourist Office for the UK and Ireland, has said.

According to Ms Matesic, prices of Croatian property have already experienced a small reduction since the new year, making the market potentially more attractive to those thinking of making an international money transfer on a property there.

"The market is still stable and real estate agents are expecting the prices to fall approximately ten per cent in the coming period," she added.

Earlier this month, Andrea Marston of Investment Group Croatia told the Independent that sellers in the country are having to reduce their property prices as buyer numbers dwindle amid the economic turmoil.

"British vendors in particular can afford to drop as they're still better off when they convert their money into sterling. So it's worth negotiating," she told the publication.