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Room With A View; Anybody who's anyone in Europe these days is buying a vacation retreat. And they're not doing it close to home. Think Croatia, Bulgaria or Morocco.
Byline: Stryker Mcguire (With Karla Adam and William Underhill in London and Ginny Power in Paris)
A year and a half ago, Erich Schmidt had a bright idea. "Why pay other people to rent a house for holidays," he thought, "when I could just buy a place myself?" So it was that the London recruitment consultant ended up with a vacation retreat in Croatia. Embroiled in a war for independence between 1991 and 1995, Croatia and its stunning Adriatic coast have only recently become safe havens for investors like Schmidt. He found a seven-bedroom stone house on the island of Brac for [euro]230,000, a bargain by British standards. Today he would not consider selling it for ...
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Source: HighBeam Research, Room With A View; Anybody who's anyone in Europe these days is buying...