No Limitations for Foreigners Purchasing Croatian Real Estates - One of the more important decisions Croatia mad... | Real Adriatic Croatia vacations and rental

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Croatia Real Estate Market

No Limitations for Foreigners Purchasing Croatian Real Estates

One of the more important decisions Croatia made in the process of approaching the European Union was the complete liberalization of real estate transactions and providing the exact same purchasing conditions for Croatian citizens and citizens of the European Union. Until recently, buyers had to go through a procedure that included the Ministry of Foreign Affairs to obtain the necessary certificates. That procedure has now been dissolved and foreigners can purchase Croatian real estates without any hesitation. Liberalization is valid for citizens of the European Union, while other foreign citizens must go through the exact same procedure again. This step fulfils the promise Croatia gave to Brussels back in 2001. At the time, there were many fierce discussions regarding that decision in Croatia, but it has eventually been proved that there is no fear from excessive selling of Croatian real estate or even the entire Adriatic.

Property Price Trends in Croatia

Several reports have been released this week tracking prices of property in Croatia. Jutarnji List, the leading Croatian daily newspaper reported that according to research conducted by CentarNekretnina.net, the average gap between Croatian property asking prices and actual property selling prices is around 15%, whilst in some cases buyers can negotiate a purchase price up to 20% lower than the initial property asking price. In their research, CentarNekretnina.net state that the asking price of the average Croatian coastal apartment increased 2.4% in the last 12 months, whilst the asking price of coastal houses and villas dropped by 1.4%. It seems that in real terms, prices are dropping as the gap between property asking prices and agreed sales prices has widened.

The Tuscany Life, in Croatia

For vacation-home buyers who want the feel of Tuscany but at lower prices, the peninsula of Istria in northern Croatia is proving to be a popular choice. For years most of the foreign interest in Croatia’s real estate centered on its southern coast. But over the last five years, as prices along that 3,100-mile strip climbed and the supply of vacation homes dwindled, Istria emerged as a region where prices were still affordable and foreign buyers were welcomed.

Home Buying Loans

Home loans make the process of buying a new home more affordable than ever. As you may already know, these types of loans give you many opportunities that wouldn’t be possible without them. When you buy a home, you should understand as much as you can about the process, as well as the questions you will be answering. This way, you’ll be familiar with how things work and you’ll find the entire process to go much smoother.

Types of Real Estate Investments

Real Estate Investments

The idea of real estate and property is much more than just finding a home. There are categories of homes and business properties as well as divisions in the types of real estate that are available to others. If you want to make a different type of investment in something that you know you can make a profit out of, then knowing the different types of real estate investments can help.

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