What to Expect When Buying Real Estate Croatia

Real estate Croatia is an attractive investment destination for those looking to purchase property for sale. The country has an incredibly long coastline and offers a range of different climates, making it ideal for both year-round living and for renting out to tourists. You can find more information about choosing a Nemovitosti chorvatsko.

However, it’s important to know what to expect before you begin your search for property for sale in Croatia. The first thing you’ll need to decide is what kind of ownership structure you want for your home. There are three main types: full ownership, co-ownership, and condominium ownership. Each has its own benefits and disadvantages, so be sure to carefully weigh your options before deciding which one is right for you.

Another important consideration is the type of construction you can carry out on your property. In general, Croatian law does not restrict foreigners from buying land for building residential homes, though it does limit the location of these properties to certain areas and distances from coastal waters. For example, in undeveloped and largely untouched areas along the coast, property owners are not allowed to build properties that are less than 70 meters from the water. This restriction has been put in place to protect wildlife and preserve the natural beauty of these locations.

In addition to these restrictions, buyers should also be aware that some buildings may be designated as historical monuments and cannot be sold or transferred to foreign persons (individuals or legal entities). A request can be made to the competent authority for information about whether a particular piece of property is a historical monument.

Finally, it’s worth noting that Croatia has a number of real estate taxes in place. These include value-added tax, transfer taxes, and property taxes. Buyers should be aware of these before making a purchase, as they can significantly increase the cost of a property.

Generally, the best way to purchase real estate in Croatia is to work through a local property developer or broker. They will be able to guide you through the process and help you find the perfect property for your needs.

Lastly, you’ll need to prepare the necessary paperwork to complete the transaction. All contracts must be signed by both the buyer and seller, and must be notarized by a javni biljeznik. The contract must be drawn up in the language of the country in which the property is located. Depending on the situation, you may also need to provide a power of attorney, if required by the laws of your jurisdiction.

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