Top tips for buyers and sellers of real estate in Croatia

Author: Matko Matkovic

Many people are coming forward for Croatia property for sale. The expenses may vary depending on the buyer citizenship whether you are a European citizen, region where the real estate, micro location is and last the choice you are going to make regarding the real estate agent and lawyers.

Same is the case while selling a property. In Croatia, selling a property is described as clear title, clean title or clean papers. For many years, the real estate of Croatia is handled in the family who are not interested in legal cost. Due to this today in Croatia real estate there are lots of legal owners who are spread throughout the world.

Here are some tips for buying a property in Croatia

As now foreign citizens can purchase real estate in Croatia but you have take prior consent from Ministry of Justice. The statement of consent is issued to only those countries' citizen with whom Croatia has signed contract in against with and extraordinary cases of other countries citizens.

1.Buy property as an individual only

As said if you need private ownership, you need Ministry of external affairs approval that only for European citizen. The time period to get consent is 6 months maximum but during the waiting you get possession and calmly use it.

2.Buy property as legal entity

Or you can establish own company in Croatia which is not that complicated, and much condition is not applied. More than one founder is not a problem and the whole process will take 3 weeks only. To get the company as Ltd you as a beginner should make a minimum investment of 2800 euro that can be withdrawn back after establishment. Moreover, there are some expenses of 1000 euro like tax, notary fee and fees to start-up.

3.Preliminary phase

First step in the process of buying a property is to make down payment which is usually 10% of selling price and take sign of pre-contract which is made by your agent or attorney. If you buy it as single, the documents need to be submitted to get approval of the ministry.

4.Final Contract

As per specific date before contract, you have to sign final contract and do last installment payment to the seller. Therefore, you become the owner of that property and entire possession is yours.

Here is some information needed of Croatia houses for sale:

  • The Croatian unique ID number that you got when you purchased that property
  • The building or plot number that is mentioned in the sale contract otherwise it can be traced independently
  • The property must require all of these documents such as building permit, division of property and usage permit. All these are official document that shows your building is built legally and can be divided into some units.
  • Location information report
  • Energy certificate is must to sell a property
  • Passport or ID card to clarify you are the real owner