Srđ Portolan talks about digital millenial generation which on the international property markets is willing to take risks when it comes to investing into SEE markets. Portolan, in his capacity as a director of Spes real estate agency which is part of his Intercon Group of Companies, remarks that more younger professionals are ready to take on a challenge of entering the business property ladder in the Old City of Dubrovnik. What is more, Srđ admits that more often than not this is not an easy task, because it often means that by purchasing a run down house they quit their highly paid jobs in return for hard working, long term return yielding jobs of B&B owners. According to the well established Croatian property website Centar Nekretnine upward cost of renovation per sq/m in the Old City may come up to 1500 Eur. In spite of the former, Dubrovnik invasion of foreign property developers could be compared to that of Syrian and other refugees who are droving into Germany. The recent Deutsche Bank reports are announcing the stagnation of the German GDP. In Croatia and Dubrovnik as tourist season 2015 is coming to close, the Croatian Ministry of Tourism is announcing that tourist season 2015 was the record one in the terms of the net profits. Srđ Portolan concludes that this gives a boost to the Croatian economy at time when the GDP is expected to grow 1% by the end of the year.
Srđ Portolan also advises future investors to choose their legal representatives wisely. Srđ has been co-operating successfully with Viktorija Knezevic and Marina Maslek Law Office in Dubrovnik over the years. Portolan tells us is that what he likes about Viktorija Knežević who has accomplished herself as a successful read experienced civil and merchant lawyer is her direct approach and Viktorija’s tons of experience, primordial when purchasing your private or business property as what you really need to open your eyes about is property’s clean title. Yet another thing that Viktorija Knezevic and Marina Maslek Law Office in Dubrovnik can advise you about is which route to take while purchasing your property: private or business one. It pays to know that sometimes business route is the right choice when buying a private property.
Srđ Portolan is a director of Spes Real Estate Agency and the director of Dubrovnik Luxury Travel, companies which fall under umbrella of Intercon Group of Companies.
Viktorija Knezevic and Marina Maslek is a Law Office in Dubrovnik specializing in civil and merchant law.