Previously we described that Croatia is one of the more desirable retirement or migration destinations outside Europe’s more common locales. And when one mentions retirement or migration, there’s the talk about real estate. Croatia allows foreigners to purchase properties without much issue.
Previously we discussed some requisites when purchasing real estate. Croatia properties require some attention to detail such as knowing everything about candidate properties and whether it has any liabilities. Second, know the zoning of the property as agricultural land is restricted to foreigners and third, a pre-contract is required aside from the sales contract. The pre-contract states the buyer’s intent, contains some protection clauses and defines the deposit.
Fourth step is to gain permission from the Croatia Ministry of Justice (Ministarstvo pravosu?a). The request includes step 2, the notarized pre-contract (step 3), certificate of land registry, proof of buyer citizenship (passport) and a power of attorney for Croatian representatives of foreigners who have yet to live in Croatia. Again, the pre-contract is a must in case this request is denied, as opposed to the buyer purchasing the land through just one sales contract, which is asking for trouble.
Fifth step is the actual full contract. Once signed, it must be notarized and later registered. When EU nationals and permanent residents purchase real estate, Croatia (https://www.bluehomes.com/Immobilien-Kroatien/HR/de/debut.html) allows for mortgage plans.
Sixth is to register the purchase with the land registry (Ure?ena Zemlja) which requires the notarized full contract, the approval from the ministry of justice, proof of citizenship and again a power of attorney for a Croatian representative. There’s still the matter of their approval, because it is imperative that all the documents are in order.
Once approved, new owners can request for certificates of ownership. Again, when purchasing real estate from a foreign land, it’s important to get in touch with local reputable lawyers and real-estate agents who can breeze through all the steps in purchasing real estate. Croatia welcomes you.
