INVESTMENT in the European property market, a pipe dream for most South Africans owing to prohibitive exchange rates and real estate prices, has become a reality with the launch of an initiative in Croatia by Durban businessman Clifford Morris.
According to Morris, CEO of Sirius Financial Navigation, post-war Croatia is once again an economically and politically stable region, well on track to becoming a member of the European Union (EU).
The fact that the Croatian region currently resides outside Europe's mainstream economy boosts its fiscal appeal to South Africans, he said, adding that he saw a safe window of opportunity for the next four to five years, before its economy caught up to the rest of the continent.
"A relatively favourable exchange rate, coupled with government incentives to both local and foreign companies involved in growing Croatia's tourism industry, also combine to make it a potentially lucrative yet low risk investment vehicle.
"Investment opportunities are not always to be found in established, traditional markets, and Europe and the United Kingdom are over-priced for the average South African investor looking to diversify," said Morris. For more information contact Clifford Morris on 031 306 7571.
This article was originally published on page 6 of The Cape Argus on June 12, 2004
Publisher: The Argus
Source: The Argus
Croatia offers European investment for South Africans
Posted On Saturday, 12 June 2004 02:00 Published by eProperty News
Croatia offers European investment for South Africans
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