Croatia is calling: How to buy your dream holiday home by the sea!

Croatia is calling: How to buy your dream holiday home by the sea!

Croatia is increasingly becoming an attractive destination for buying holiday properties, especially for German buyers. With almost 1,800 kilometers of coastline on the mainland and over 6,000 kilometers encompassing the numerous islands, the country not only offers picturesque landscapes, but also a variety of shopping opportunities. Buyers from the EU have the advantage of being able to purchase a holiday property without any major hurdles. Walter Ofner, an agent from Austria, emphasizes that an important decision is the location of the property, as Croatia has both flat and mountainous regions.

In order to make the purchasing process efficient, interested parties should know their preferences. Whether you prefer the quiet forests in the north or the beautiful sea views in the south plays a decisive role. Buyers should also note the special features of the purchasing process that need to be known to ensure a smooth process. Capital.de reports that Croatia has established itself as a popular travel destination for Germans, which means the demand for real estate is constantly increasing.

Attractive cost of living and investment opportunities

Not only is Croatia a sought-after location for holiday apartments and houses, but it also offers a very good cost of living, cited as more affordable in 54% of countries worldwide. Loud Croatia Real Estates Croatia is one of the fourth most expensive countries in Eastern Europe. The cost of living is particularly low, especially in areas such as healthcare and education, making the country attractive for retirees and working professionals.

The largest cities for property purchases are Split, Zagreb and Dubrovnik, which are characterized by their high quality of life and tourist attraction. However, prices vary greatly depending on the location and condition of the property. In Zagreb the price is around EUR 2,000 per square meter, while in Dubrovnik the price per square meter can even rise to EUR 4,117. Popular regions for purchasing are Zadar with EUR 1,577 and Rijeka with EUR 1,473 per square meter.

Purchase conditions and legal framework

Since 2009, EU and EEA citizens have had the same purchasing conditions as Croatian citizens. This means that no special authorizations from the Ministry of Justice are required. The situation is different for non-EU citizens. These must provide evidence of a reciprocity agreement and obtain approval from the Ministry of Foreign Affairs, which can take a period of 2 to 6 months. Furthermore, the acquisition of agricultural land and protected land is not permitted for this group of people. Croatia Real Estates highlights that Swiss citizens must provide proof of temporary residency, while US citizens can obtain temporary residency by purchasing real estate.

In addition to the purchase price, buyers should take into account the property transfer tax of 3% of the market value of the property. There is a special property tax for holiday property owners in Croatia, while the general property tax is not levied. These factors make Croatia a versatile and user-friendly destination for anyone looking to buy property.