Can Foreigners Buy Property In Croatia

Can Foreigners Buy Property In Croatia – With the accession of Croatia to the European Union, citizens of the member states of the European Union can buy real estate in the Republic of Croatia.

Article 2 of the Law on Agricultural Land Pursuant to paragraph 2, holders of ownership rights to agricultural land cannot be foreign nationals or legal entities, unless a special regulation or international agreement stipulates otherwise. Given that there is no special regulation or international agreement that would define it, for now foreign citizens cannot exercise the right of ownership of agricultural land in the Republic of Croatia by legal possession.

Can Foreigners Buy Property In Croatia

Can Foreigners Buy Property In Croatia

According to the provisions of the Treaty on the Accession of the Republic of Croatia to the European Union, foreign citizens cannot acquire agricultural land for the next 7 years from the date of accession of the Republic of Croatia to the European Union. Ban for the next 3 years.

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Foreign nationals who are not from EU member states can buy real estate if the reciprocity rules apply.

The list of countries in which the rules of reciprocity are defined by an agreement or are being prepared can be found on the attached link:

Foreign citizens and legal entities subject to the rule of reciprocity and listed must submit an application for consent to the Ministry of Justice. The request is submitted directly to the secretary or sent by mail:

Ministry of Justice of the Republic of Croatia, Directorate for Civil, Commercial and Administrative Law, Ulrika Grada Vukovara 49, 10000 Zagreb

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• the legal basis for acquiring ownership (purchase agreement, gift agreement, maintenance agreement, etc.) in the original or a certified copy,

• proof of ownership of the seller/unknown real estate, i.e. land registry extract, in the original or a certified copy, not older than six months,

• certificate of the administrative body responsible for urban planning and spatial planning, according to the place where the real estate is located, about the legal status of the real estate (whether the real estate is located within the boundaries of the construction area as provided for in the urban plan)

Can Foreigners Buy Property In Croatia

• Proof of the acquirer’s citizenship (certified copy of passport and document) or proof of the legal status of a legal entity (excerpt from the court register), if the acquirer is a legal entity

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• If the applicant is represented by a power of attorney, the power of attorney must be submitted in the original or a certified copy.

• If the applicant has not appointed a representative who will represent him, and he is abroad, he is obliged to appoint a person authorized to receive documents by mail in the Republic of Croatia.

• Proof of payment of the administrative fee in the amount of HRK 35.00 according to Tar. NO. Point 88 point 1 of the Regulation on administrative fees.

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Guide For Canadians Buying Property In Croatia

Croatia is becoming more and more popular among foreigners who want to buy real estate because of its beautiful Adriatic coast and tourist opportunities.

Our customers who have purchased properties there and our local experts on site have reported a significant list of damages. We have listed them all in our real estate package in Croatia.

This article provides an overview of the potential pitfalls that can arise during the process of buying real estate in this country.

Can Foreigners Buy Property In Croatia

However, some cities, especially the tourist center of Dubrovnik, have seen an increase in fraud in recent years.

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For example, there were cases where former real estate owners took advantage of the increasing demand for real estate in Dubrovnik by presenting false real estate documents to potential buyers.

A notable case involved an old stone house overlooking the Old Town, where a UK buyer was duped into paying a huge sum, only to later discover that the title documents were forged.

While many parts of Croatia are open to foreign investors, the Italian-influenced, mixed-heritage region of Istria has specific land ownership laws that predate the EU. Non-local buyers here sometimes face challenges when buying vineyards and agricultural land, as they can be classified as special protected zones.

However, sometimes mistakes are made. A few years ago, cases piled up in the land registry office in Zadar, which caused significant delays in the transfer of ownership of real estate. Such incidents, although not everyday, emphasize the importance of due diligence.

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An example is the 2018 split condominium controversy, where an apartment complex faced multiple ownership claims due to differences in inheritance laws. The case dragged on for years, highlighting the need to prepare a thorough legal basis before purchasing.

A British couple bought an old villa in Pula, intending to restore it. However, after the purchase, they found out that the villa was included in the cultural heritage, which is subject to strict prohibitions on renovation.

This story highlights the importance of understanding local regulations, which can sometimes be unique to certain areas or properties.

Can Foreigners Buy Property In Croatia

Opatija, the main destination for real estate, suffered a dizzying jump in real estate prices in the early 2010s. The Croatian government, recognizing the bubble, imposed regulations to suppress speculation. Although well-intentioned, this led to a temporary halt in real estate sales.

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An American investor, after buying a property in Hvar, encountered resistance from the local community when he tried to introduce modern architectural design into a traditionally arranged neighborhood.

An increasing number of foreign investors are showing interest in Croatia. However, 90% of them will be wrong. Avoid the pitfalls with our comprehensive guide.

When buying residential real estate in Croatia, you should be aware of a specific pitfall related to the term “right of first refusal”, which translates as “right of first refusal”.

In Croatia, when real estate is sold, certain parties, often neighbors or agricultural co-owners, may have the right to purchase the real estate before anyone else. This right is generally not well understood by foreigners. This is particularly prevalent in rural areas or in cases involving agricultural land, but can be applied in other contexts as well.

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Here’s how it can affect you. Imagine that you have found the property you want, the price is negotiated and the pre-contract is signed. However, if someone with a proven condition steps in, they can void your contract and buy the property under the terms you agreed upon. This can happen even after you have paid the deposit.

While this is not very common in urban real estate transactions, it happens often enough in rural or agricultural real estate sales that you should be careful.

Always ask your real estate agent or legal representative to check any developer’s liabilities associated with the property.

Can Foreigners Buy Property In Croatia

In this way, you can avoid disappointment and financial loss due to the collapse of a seemingly safe real estate purchase at the last minute.

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Another unique and potentially inconvenient aspect to be aware of when buying real estate in Croatia is the issue of “lease of right of way”, which translates as “lease of right to build”.

This is a concept that you, as a foreign customer, may not be familiar with and which is quite specific to Croatia.

In Croatia, it is possible for land to be owned by one entity (often the state or municipality), while buildings or facilities on that land may be owned by someone else. When you buy real estate, especially in urban or developing areas, you’re actually buying a building or structure, but you’re just renting the land it sits on.

This building right lease is often for a long term, such as 99 years, but it is important to understand that you cannot buy the associated land immediately.

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Here’s how it could affect your purchase. If you’re not aware, you may think you’re buying both real estate and land outright, when in reality your ownership is more limited.

For your own protection, you should thoroughly review the real estate documents with your legal counsel. Ask specifically about the condition of the land on which the property is located. If it is a building rights lease, understand the terms, duration and any conditions or restrictions.

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Can Foreigners Buy Property In Croatia

Another unique aspect that you should keep in mind when buying real estate in Croatia is the potential issue of “unfinished granja”, which means “unfinished construction”.

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In Croatia, it is not uncommon to find properties for sale that are still under construction or partially completed, but then abandoned. While buying such a property may seem like a good deal, especially if you want to invest in something you can finish to your specifications, there are a number of risks and complexities involved.

The main challenge in construction works is solving legal and administrative obstacles to the completion of construction.

You must ensure that all necessary permits for the initial construction have been obtained and can be transferred to you.

In addition, you will have to navigate the process of obtaining new permits for any additional work you plan to do. This can be challenging, especially if you are unfamiliar with the local bureaucratic process.

Foreigners Will Not

In addition, there is a risk that the original construction did not comply with building codes or regulations, for which you will be responsible.

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