Big investments in commercial real estate
23 May 2008
Unlike in the residential real estate market which is slowing down, Croatian retail commercial property is booming.
After capital Zagreb, the biggest investments in commercial developments are being undertaken in the second-largest city of Split. Austrian M2 is one of several developers working on all the necessary permits for a shopping centre and acquiring land.
Real estate agencies expect the Croatian commercial real estate market to continue growing for a few more years, as the purchase power of citizens and their overall living standard increase.