Why buy Croatia ?
The property market in Croatia has been growing for years now. Undoubtedly, property prices are still very affordable compared to other parts of Europe. Check out the article below for some great tips on finding a property for sale in Croatia.
More and more foreigners are either buying property in Croatia or considering it seriously. The country’s property market is continuously gaining momentum with each passing year.
The reasons why property in Croatia is becoming popular include the following:
1 Cheap property prices
2 A high standard of living
3 The competitive Croatian workforce
4 Luxury accommodations whenever you wish (like a private boat dock)
5 Comfortable places within easy reach (inland waterway ports or marinas)
6 Well-developed transport infrastructure throughout the country
7 Favourable tax regulations than in most other European countries
8 Year-round beautiful weather
9 A property market that has been growing steadily for the last 20 years
If you are looking at property for sale in Croatia as a potential investment. There are also benefits! The property market has been growing every year since 1995, with no sign of stopping. In fact, property prices have been rising by about 10% per year over the past several years. It is estimated that property prices will continue to rise by approximately 7% each year going forward.
High Standard of Living
The high standard of living in Croatia means that foreigners who buy property here can enjoy a much higher quality of life without having to spend all that much money. It is well known that people from other Balkan states come to Croatia to work. Property owners can directly benefit from Croatia’s very competitive salary rates.
A high standard of living is also an important factor for property buyers who are looking for property for sale in Croatia and to spend their summers or winters there. The country offers luxury accommodations and first-class services without the high prices found in other popular resort locations throughout Europe.
Investing in property here is a relatively safe investment strategy as well since property prices have been growing steadily for over 20 years now. In addition, property investors can qualify for tax exemptions by buying property through a corporation.
Favourable Tax Regulations
Due to its favourable tax regulations, foreign property owners pay lower taxes on property income. As compared to those levied on property income by most other European countries. This means that if you choose not to reside in the property you buy, or rent it out for short- or long-term leases, purchasing property in Croatia will not result in having to pay property taxes on the property’s income.
Croatia also has a very well developed transport infrastructure. This means that property owners can easily travel around the country with most points of interest within easy reach with good roads and high speed train links throughout most parts of the country. While this may not be an important factor initially when buying property here, it is surely something that comes into play when deciding whether to relocate to this wonderful country.
Finally, annual property growth is estimated at approximately 7% per year for 2017-2021 according to international real estate consultants SAV World Cities research center . The rate is even expected to rise going forward as property prices in Croatia will continue to be on an upward trend due to a stable property market and the country’s growing economy.
The property market here has been on a steady growth path for years now. Property buyers from across the world are opting for Croatia as their preferred destination whenever they want to buy property or relocate. There is no doubt that property here is worth having a look at, if for nothing else but as a potential investment strategy.
Recap 10 Reasons Why you should consider property in Croatia
1 Cheap property prices
2 A high standard of living
3 The competitive Croatian workforce
4 Tax exemptions
5 A property market that has been growing steadily for the last 20 years
6 Year-round beautiful weather
7 Easy property purchase procedures
8 Transport infrastructure
9 Holidays and property rentals are a safe investment strategy
10 Economic prospects
For those who want to settle down in Croatia, property here is definitely worth investigating. Property prices may be low compared to other European countries. But property buyers from Central and Eastern Europe as well as Western Europeans find Croatia to be an attractive destination due to its high standard of living and very favourable tax regulations.
If you choose not to rent out your property or reside in it yourself, then buying property through a corporation will ensure that you do not have to pay property taxes. In addition, property owners who want to relocate can also qualify for tax exemptions when buying property in Croatia through a corporation.
The property market here is very well developed and property buyers from all over the world have been putting their money on Croatia as their preferred destination whenever they decide to invest in property such as luxury villas along the Adriatic coastlines or apartments overlooking the country’s picturesque lakes. There is no doubt that property here is worth looking into. Especially if you intend to rent out each of your properties for short-term or long-term leases.
So property buyers in Croatia can benefit from property growth of around 7% per year for 2017-2021 according to international property consultants Sav World Cities research center. That sounds impressive without verification. Most property markets are stagnating or even shrinking.
Location, Location and Location!
Croatia is just such a place with its affordable workforce. Centrality – which makes it an attractive destination when property buyers decide to buy property for sale in Croatia . If you choose not to reside in the property you buy or rent it out for short- or long-term leases, purchasing property in Croatia will not result in having to pay property taxes on the property’s incoming. The country also has very well developed transport infrastructure which means that property owners can easily get from place to place.
One property market that hasn’t been growing steadily for the last 20 years but only started doing so after its property market collapsed in 2007 with a property price drop of over 50% is Spain. A country property buyers have been avoiding more and more since citizens can no longer afford to buy property there since property prices are very high while incomes are low. Many suggesting property there will not grow in price or even decrease going forward.
Regarding year-round beautiful weather, Croatia may be attractive thanks to its Adriatic coastlines but according to international property consultants Sav World Cities research center it’s also one of the countries with the highest number of sunny days throughout the year which make it for property owners to enjoy their property for property rentals while they’re not using it themselves.
Process: How to buy property in Croatia
Property purchase procedures in Croatia are easy. Property buyers who do not want to deal with a language barrier can appreciate. In addition, property here is also a safe investment strategy since property owners have the option of renting out their property for short- or long-term leases. This means that if they decide to relocate at some point, they can easily sell their property.
In connection with economic prospects, the fact that many property developers throughout Croatia diversify into other sectors such as tourism. This caters offer people who buy property in Croatia a great opportunity to build their own properties from the ground up. The country’s geographical centrality ensures that property buyers can easily from place to place while enjoying it all.
Our clientele range from retirees and successful business people looking for their dream home in the sun. Famous celebrities and athletes looking for private and exclusive properties to enjoy with their family and friends are also clients.