Croatia is one of the least explored countries in Europe that has a lot to offer one who wishes to buy property in that country. Croatia has some of the most beautiful cities, towns and villages in Europe. The climate there is excellent throughout the year and some of the beaches in Croatia are simply marvelous.
For a long time in the 1990’s, Croatia was in the thick of a brutal war which claimed loss of several people. No property was left undamaged during this war. But since then, peace has returned to Croatia, and with it, a great deal of prosperity.
Today, Croatia is one of the most respected members of the European Union. So, foreign buyers get a direct access to Europe by buying property in Croatia.
What also goes in favor of buying property in Croatia is just how cheap homes are in the country. Certainly, your money would get you a lot more in Croatia than it would in the UK or France. It is not unusual to see foreign buyers buy the most luxurious villas in Croatia for the price of a small apartment in London.
The best regions to buy property in Croatia are the coastal areas of Istria, Kvarner and Dalmatia. You can expect breathtaking scenery, and a wonderful mix of cultures and history in Croatia.
It is very easy for foreign nationals to buy property in Croatia. If you are a citizen of a country belonging to the European Union, you have the same right to property in Croatia as any of the locals. If you are a citizen of a non-EU nation, your access to property in Croatia is governed by the law of reciprocity – you have the same right to property in Croatia as a citizen of Croatia has right to property in your country.
While buying property in Croatia, it is important to hire the services of a local solicitor who speaks both Croat and English. He will be representing you in your property negotiations. Be very careful while hiring a solicitor, and find out if he has the adequate experience of handling property transactions in the country.
Property titles in Croatia are not always crystal clear. This is because many properties have been passed on from generation to generation without any real paperwork. So it is important to find out if the property being sold to you has all the proper paperwork required.
It makes sense to get a survey done on the property by a qualified professional. Usually this costs 500 Euros. You can buy property as a private individual or using a company structure. Both systems have their own advantages and disadvantages. You should ask your solicitor for advice on this.
Cost of Buying Property in Croatia
In Croatia, you should set aside 10% of the cost of the property extra for the expenses related to it. You will be required to pay the real estate agent 2.5 to 3.5% of the property price. Hiring the solicitor would cost you 1.5% of the property price. There are other minor charges such as the notary fee and the cost of hiring a translator – if you so choose to hire one. The biggest cost will be the property transfer tax, which is fixed at 5% of the cost of the property. Contact us today to buy an overseas property.