Escalating tourism figures are having a marked increase on Bosnia Property Investment Market
Tourism arrivals in Bosnia are up 20% with the country set to be the 3rd highest growth area by 2020.
Bosnia’s tourist arrivals, in the first four months of 2007 were up by 20% in comparison to the same period in 2006. A study conducted by The World Tourism Organisation predicted that the nation would have the third highest growth rate by 2020.
The country, after 12 years of war, has rebuilt itself and is attracting tourists from as far as Australia and New Zealand. A new series of adverts promoting Bosnia as a tourist destination is creating huge awareness under the slogan ‘Enjoy Life.’ “The ‘Enjoy Life’ campaign is already giving results and one of its main achievements is that people do not associate Bosnia with the war any more,” said Haris Basic, the head of Foreign Investment Promotion Agency.
Guesthouse owner, Emin Fatic, said that he did not expect to turn a profit for years after he opened in 2005. Instead, within three months, the money was “Rolling in.” Bosnia’s central bank has reported that tourism generated close to $625 million last year, when according to official statistics 500,000 tourists visited the country.
Foreign investors are rapidly becoming aware that they can buy relatively inexpensive property. Lord Paddy Ashdown paid £30,000 for a 5 bed-roomed lakeside property in 2002. The former political leader and International Community Representative in Bosnia, who has now put the house on the market for £135,000, is relocating to Bosnia’s ski resort of Mount Bjelasnica. Lord Ashdown commented that “We want to get a chalet up there. It is very cheap. Bosnia is where Croatia was a few years ago, and by getting in now we have a chance to catch the early part of the curve.” Adding to the evidence that Bosnia’s Property investment market is a profitable real estate strategy.
Bosnia’s tourist arrivals, in the first four months of 2007 were up by 20% in comparison to the same period in 2006. A study conducted by The World Tourism Organisation predicted that the nation would have the third highest growth rate by 2020.
The country, after 12 years of war, has rebuilt itself and is attracting tourists from as far as Australia and New Zealand. A new series of adverts promoting Bosnia as a tourist destination is creating huge awareness under the slogan ‘Enjoy Life.’ “The ‘Enjoy Life’ campaign is already giving results and one of its main achievements is that people do not associate Bosnia with the war any more,” said Haris Basic, the head of Foreign Investment Promotion Agency.
Guesthouse owner, Emin Fatic, said that he did not expect to turn a profit for years after he opened in 2005. Instead, within three months, the money was “Rolling in.” Bosnia’s central bank has reported that tourism generated close to $625 million last year, when according to official statistics 500,000 tourists visited the country.
Foreign investors are rapidly becoming aware that they can buy relatively inexpensive property. Lord Paddy Ashdown paid £30,000 for a 5 bed-roomed lakeside property in 2002. The former political leader and International Community Representative in Bosnia, who has now put the house on the market for £135,000, is relocating to Bosnia’s ski resort of Mount Bjelasnica. Lord Ashdown commented that “We want to get a chalet up there. It is very cheap. Bosnia is where Croatia was a few years ago, and by getting in now we have a chance to catch the early part of the curve.” Adding to the evidence that Bosnia’s Property investment market is a profitable real estate strategy.
posted by Obelisk International at 2:19 pm
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