HrIENGIRUSIITA

Liberalized Croatian real estate market for EU citizen

Since February 1, 2009, all foreign citizens, citizens of the member states countries, regardless the EU country of origin, can buy real estates in Croatia pursuant to the newly enacted Property law. The new Law significantly shortens the procedure, simplifies and quickens the property title registration. It has been duly harmonized with the Croatian commitments in conformity with the Stabilization and Association Agreement, adopted in 2005.

 

The new Law, enables the EU member state citizens to buy more real estates of their choice, differently from previous years, when they were allowed to buy only one real estate, a house or al land, with the previous written consent of the Ministry of justice. The other way was to constitute a company in Croatia which would then buy a real estate.


No one can say with certainty how many real estates in Croatia have been bought and are currently the property of foreign citizens.


We speculate that in the past 12 years, some 70 000 houses and lands have been
bought by non-Croatian citizens. Herewith law the procedure of purchasing flats, apartmenta, houses and plots in Croatia becoming simple and prompt. In other words – equivalent to the procedure anticipated for citizens of Croatia.

 


Copyright Regalis Adria 2009