Free movement of capital, the real estate market and tourism: a blessing or a curse for Croatia on its way to the European Union?

Abstract: This paper investigates how one particular aspect of the freedom of movement of capital – the right of EU residents to acquire real estate in EU member states – might shape Croatia's EU accession negotiations and affect its real estate market, the tourism industry and the national economy. It identifies potential benefits and risks of unrestricted foreign investment in Croatian real estate, and attendant dilemmas for economic policies. The main conclusion is that Croatia stands to benefit in the long run from foreign investment in the property sector. However, a gradual approach to the opening-up of the real estate market to non-residents can be justified on a number of grounds. These include inadequate legislation limiting property speculation; potential spillovers of price increases from the market for secondary residences onto the local housing market (of which there is already some evidence); costs of the adjustment in the housing market and construction industry to a sudden la

Object Details

• Location: Deutsche Nationalbibliothek Frankfurt am Main
• Extent: Online-Ressource, 185-228 S.
• Language: Englisch
• Notes: Veröffentlichungsversion ; begutachtet ; In: Ott, Katarina (Hg.): Croatian Accession to the European Union. Vol. 3, Facing the challenges of negotiations. 2005. S. 185-228. ISBN 953-6047-58-6

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Veröffentlichung
• (where): Zagreb
• (when): 2005
• Creator: Mihaljek, Dubravko
• Contributor: Ott, Katarina ; Institute of Public Finance, Zagreb ; Friedrich-Ebert-Stiftung Kroatien

Further information

• URN: urn:nbn:de:0168-ssoar-61445
• Rights: Open Access; Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
• Last update: 15.08.2025, 7:33 AM CEST