Buying property in Croatia

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In earlier years, the rules and regulations governing buying property in Croatia was restrictive because Croatia used to be under foreign rule. Around 1990, this changed and the rules towards buying property in Croatian markets began to change. The liberalization of the rules made it possible for foreign investors to invest in real estate within the country. Foreign investors were initially reluctant to invest in the markets owing to the fact that the Croatian government was unstable. However, the liberal attitude of the government towards foreign investments could make the Croatian real estate market one of the most popular property markets for investors. Many real estate experts who have studied the progress of the Croatian property market have concluded that investing in residential property in Croatia today will have many benefits. The experts have also predicted, that overtime it is expected many foreigners will buy property in Croatia as the returns are predicted to be strong.

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Buying island property in Croatia is also proving popular with international buyers – of the 1,185 islands and islets lying off the coast, just over 60 are currently inhabited. Brac, a renowned water sports haven, and Hvar, one of the most fashionable island property destinations, are among the best known, but for a truly audacious property investment, why not consider purchasing a whole island? Some of the many smaller islands do come up for sale from time to time.

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Though buying property in Croatia can be notably more expensive than some other Eastern European destinations, the country’s outstanding natural beauty and fantastic coastline make it somewhere for overseas property buyers to seriously consider.