Global Getaways: Luxury Rental Market Spotlight On Croatia

Last time we explores why a luxury rental in New Zealand might be your next real estate investment; now let’s take a closer look at a country with a thriving luxury rental market and hear directly from our local area experts there.

The Republic of Croatia is a country that can be found where Southeast and Central Europe meet on the Adriatic Sea. Learn more why this popular destination for tourists may be the destination for your next rental investment.

Croatia Sotheby’s International Realty

Sotheby’s International Realty (SIR): What sets rental properties in your country apart from the rest of the world?

Vlatka Ivančević Grančić, Rental Manager, Croatia Sotheby’s International Realty (CSIR): What makes our country unique in the global luxury real estate market is primarily the highly indented coast, home to more than a thousand islands and islets, as well as stunning coastal towns, rich in culture and heritage and boasting several UNESCO World Heritage sites. The mild Mediterranean climate allows pleasant weather conditions for most of the year, making Croatia an ideal destination for the year-round outdoor activities and enjoyment of the easygoing Mediterranean lifestyle in one of the renowned tourist towns. Enjoying the EU membership, Croatia is considered one of the safest holiday destinations; therefore, it does not come as a surprise that our country has become one of the top emerging destinations, widely recognized by tourists and yachtsmen from all over the world. Our portfolio comprises the supreme selection of luxury villas immersed in alluring seafront settings, ideal for travelers who want to experience a luxury holiday in a high-end property with exclusive amenities while enjoying the utmost seclusion and privacy.

Croatia Sotheby’s International Realty

SIR: What are the benefits of owning a rental property in your country?

CSIR: Due to the favorable climate and excellent traffic connections with the larger European cities, the tourist season in Croatia lasts for most of the year, providing the vacation rental owners with a stable yearly rental income that showed a growing tendency in the last few years. Thanks to the ever-growing popularity of Croatia as a tourist destination, investors have recognized the immense potential in the vacation rental segment, since it gives them the opportunity for a stable return on investment.

Additionally, we take great pride in having successfully cooperated with world-renowned athletes, famous business people, politicians, and even Hollywood stars. Over the last few years, Croatia has become one of the world’s most popular destinations for filming; therefore, we often collaborate with renowned production companies on prestigious filming or commercial projects.

Croatia Sotheby’s International Realty

SIR: What trends are you seeing in your rental market?

CSIR: According to the latest inquiries and trends, most clients seek to book luxury villas in prestigious waterfront locations and often tend to book longer stays and additional services such as daily cleaning, grocery procurement, and a private chef who will take care of all meals during their stay. An increasing number of digital nomads are looking for a temporary rental home that allows them to enjoy maximum comfort and easy access to larger towns in Croatia. Current trends again lead us to the conclusion that these extraordinary times have not by any means seen a downfall in demand for the most luxurious properties in exclusive locations. With growing awareness of the effects of mass tourism, clients are nowadays looking for a more authentic holiday experience and tailor-made itineraries, far away from the crowded tourist spots.

Croatia Sotheby’s International Realty

SIR: How does the rental market drive business for your company?

CSIR: Since Croatia Sotheby’s International Realty is the leading luxury real estate agency in Croatia and a representative of the world-renowned brand in the luxury real estate business, the owners of the vacation properties recognized the strength of the network within which we operate, as well as our commitment and individual approach to each client. Some of our clients want to list their villas for rent and sale, and they are delighted when they find out that our team offers its expertise in both sales and rental segments. Likewise, some of the clients who rent the villa with us fall in love with the destination, and after some time, they contact us as second-home buyers.

Discover more luxury rental properties in Croatia and read our previous editions of Global Getaways.