Kosovo recently declared it’s independence from Serbia, prompting some concern for tourists and visitors to the other countries of the former Yugoslav republic.
Croatia is the most notable of these as far as tourists and investors are concerned. It’s long coast line, excellent Mediterranean sailing and beautiful walled city of Dubrovnik, have been attracting international tourists (and investors) in droves.
Yet “A staggering 40 per cent of Dubrovnik’s hotel rooms are still closed or undergoing massive renovations more than a decade after this tourism gem became a prime bombing target during the 1991 to 1995 Croatian war of independence,” according to the Toronto Star.
It brings up the question of whether the recent war of independence for Kosovo will be the last in the former Yugoslav republic countries. Montenegro only claimed its independence from Serbia within the last few years. Is investing in Montenegro or Croatia still a good decision?
Now may be an interesting time to look again at real estate in Croatia specifically. Local political unrest is sure to spook many investors and would-be buyers. However, Croatia appears to have the makings of a consistently stable democratic government. There tourist attractions and infastructure are much more developed than in neighboring Montenegro and will likely be less affected by Kosovo’s bid for autonomy.
