Is it good to invest in real estate property in Croatia?
The opportunity to invest in property in Croatia seems to be now. Last year a few thousands Britons have bought property in Croatia. A typical one bedroom flat averages £50,000 and that's only the start. Many people go for apartments, there are many good developments available and the price is very favorable in comparison with other Mediterranean destination such as Spain or Italy.
Moreover, Croatia offers the stunning Adriatic Sea. As, said, apartments in Croatia are a good bet, there is a good market for letting property, especially during the high season , in Istria this period is from beginning of April till October. Your apartment will be hunted by many central and eastern Europeans looking for a property to stay during their holiday in Croatia.
Property in Croatia is really the chance to make a difference for those looking for reliable property markets where to invest. It is well known now that investing in another markets is not that good, as prices aren't expected to go up as in Croatia. Property prices in Croatia and growing considerably month-by-month and the tendency continues. It's believed that with Croatia's entry in the EU the prices will rocket up even more so if you are planning to buy property in Croatia there are no doubts the moment is now.
If you have the chance, pay a visit to Croatia, contact an estate agent and ask him to show you properties, it will be a good chance to appreciate the country as well as its marketability. During summer, letting prices usually soar and those who own a property in Croatia will make the difference.
How to invest in property in Croatia at The Move Channel.com.
Buying Croatia property for renting it out!
Many foreigners looking to invest in property in Croatia are motivated by the investment potential of the place. Not anyone is just looking for their dream holiday home or a place in the sun but an investment that can guaranty an extra income. Due to that, many people are buying Croatia property to let it later. What these buyers should know is the legal side of it.
Firstly, if you buy as a private person that is in your name you'll need to obtain a permission from the Ministry of Foreign Affairs of Croatia in order to enter in the local Land Registry.
The permission is just a formality and applicants with the right documents should get the approval with no problem. The issue that buyers to let may have with this route is time, the permission takes between twelve and eighteen months to be processed and you need it for the land registry. Your name in the Land Registry as the owner of the property is vital for renting your property under the law.
Another way to invest in property in Croatia is to buy as a company and rent the Croatia property in name of the company. Opening a Croatian limited company is a fast route for investors looking for property in Croatia as your company doesn't need to wait for Ministry approvals and the ownership can take effect immediately. Setting a company can cost you an initial 3,000 Euros plus 2,000 more to be deposited in the bank account of the company. You can anyway, take back this 2,000 once the company was opened.
You can always ask you real estate agent in Croatia for advice regarding the most suitable route for your needs.
