Accord Mgc

Accord Mgc

 

Now Croatia And The EU Will Sign The Advent Bargain, Which Will Need To Be Accepted By All TWENTY-SEVEN ECU Members, As Well As The Croatian Folks By Way Of A Vote.

For those that don't know, Croatia and the European Union completed and concluded the negotiations on Croatia's accession. The way is now paved for Croatia to enter the union in July 2013.

While this does not guarantee that Croatia will become the 28th EU member, people who believe that they can make an educated guess re the possibility that accession will go ahead, will probably be hoping to buy Croatia real estate at their earliest convenience.

The shutting of negotiations was published at the thirtheenth ministerial level EU-Croatia accession meeting by Hungarian foreign minister Jnos Martonyi, who called it a "day of important significance" not only for Croatia but for the EU Union as well .

He announced that the remaining 4 chapters of negotiation had been officially concluded, and that the completion of these very complex chapters meant that Croatia had managed to supply a large range of performance baselines.

Now Croatia and the EU will sign the advent accord, which will need to be approved by all TWENTY-SEVEN EU members, as well as the Croatian folk by way of a ballot.

If all that goes as planned Croatia will become the 28th member of the Western European Union on July first 2013, the cut-off date for the ECU and Croatia to ratify the advent treaty.

Those who are sure that the Croatian folk will vote yes in this vote, and that Croatia will not fall at any of the remaining hurdles, will probably be having a look at making an investment in Croatia property.

We know that ECU advent has a tendency to bring rapid escalation in property values, and Croatian property values are presently at a particularly low level as reported tagza.com.

What are occuring with others states in Europe in property market?

All the signs indicate that the Portuguese property market is still slowly deteriorating, as figures from the May RICS / CI Portuguese Home Market Survey show sales activity and pricing are continuing to weaken. Further gloom comes in the shape of the Nation's Activity and Nationwide Confidence Indices which both dropped 7 points to -39 and -60 respectively.

The country is presently braced for a new wave of austerity measures as the just elected Social Democratic state is under a lot of pressure from both the IMF and the EU to effect measures they considered obligatory in order to secure an EU rescue of £70 bln.

According to the RICS these figures show that declining prices are driven by falling demand. At least there isn't a problem of oversupply as most householders are sitting tight and new vendor directions have been dropping since December. As with many nations there are regional diversifications, as the price falls were best in Lisbon and Porto but have slowed in the ever popular Algarve.

It's not all gloom and doom, as sales figures in the Algarve and Porto are now falling at a slower rate than in April, and May saw an inspiring number of new enquiries.

The Algarve can expect to see an increase in demand because of the vacation season, while other regions are likely to continue to be impacted by credit restraints and troubled properties on the market. Right now money purchasers are the primary stockholders in Portuguese property because of the lack of available finance, and this gives them far greater negotiating power with sellers and developers.