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.
