Real Estate in Croatia: Prices, Investing, Taxes, Residence Permit
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- Опубликовано: 28 июн 2024
- Real Estate Market in Croatia
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00:00 Intro
01:30 The Estate of Croatian Property Market (prices)
02:05 Zagreb, Adriatic Coast, and everywhere else (Slavonia, Zagreb surroundings)
03:25 Rental yields and Growth
05:13 Residence Permit by Property Purchase
07:43 Best Websites to Find Property in Croatia
11:20 Other Considerations (Financing, Bureaucracy)
12:41 Verdict
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The Estate of Croatian Property Market
Price (Adriatic Coast, Zagreb, Everywhere else)
-In Croatia there are basically 3 important property price differences:
-Prices on the Adriatic Coast, in Zagreb, and in the rest of the country (Slavonia, etc).
-Prices on the coast are by far the highest in the country. Notably in the cities of Split and Dubrovnik they are extremely high. Square meter prices in Split hover around 3 to 4 thousand euros, and in Dubrovnik at around 7000 euros. At the very heart of the old town in both cities, it can go even higher.
-In the capital Zagreb prices are lower than on the seaside. Croatia is one of the only countries in Europe where the capital is not the location of the most expensive property prices.
Rental yield and Growth
-Rental yields in Croatia are relatively interesting for Central European terms.
-In Zagreb, the city with the highest demand year round, they will be at around 4% to 5% per year.
-At the seaside yields are higher, but occupancy is highly seasonal. While in summer you can earn a lot of money, in winter it is pretty quiet.
-Many locals who own property at the seaside live off rentals during summer, and do not work in any other type of activity.
-Liquidity in Zagreb and on the coast is pretty good, and you won’t find a lot of trouble to sell your property in most cases.
Residence Permit by Property Purchase
-It is possible to get a residence permit if you own real estate in Croatia, but it has a number of restrictions.
-If you own real estate in Croatia and you are not an EU citizen, you can’t stay year round in Croatia. The maximum amount of months you can stay per year in your property using the ownership as grounds to stay is 9 months per year.
-Owning real estate in Croatia also doesn’t lead to permanent residency and to citizenship, so this is certainly a disadvantage of the Croatian real estate market compared to other countries in the Balkans.
-In neighboring countries like Montenegro, Bosnia and Herzegovina and Serbia you can get a full year, renewable temporary residence permit by owning real estate, a huge advantage compared to Croatia. In these countries, the ownership of real estate coupled with living a number of years in the country can lead to permanent residence and citizenship.
-If you are an EU citizen there will be no problems in that sense though, you can enjoy your real estate in Croatia year round, and register your stay in the country indefinitely (even if you don’t own real estate, just rent it anyway).
Best Websites to Find Property in Croatia
-Njuskalo.hr
-Index.hr
Other considerations (Financing, Bureaucracy, Airbnb investment)
-In Croatia it is nearly impossible to get financing if you are not a resident of the country. Unlike other countries like Spain, Portugal and even Serbia, getting financing is quite difficult.
-In most cases you must be a resident of Croatia to get a mortgage, and ideally, your income also has to be from Croatia (but that is a lesser problem).
-Other important thing you should consider when buying a real estate in Croatia is checking the paperwork of the property. It is not uncommon that a property has several owners and some of them even abroad. Make sure the status and ownership of the property you are interested in is up to date.
-Croatia is a great place if you want to invest in an Airbnb property. The country is heavily reliant on tourism, and getting a license to operate daily rentals is easy in any part of the country.
Verdict
-A great place if you want to live in a prime location in Europe, with relatively affordable prices if you stay away from the coast.
-Croatia is also a good option if you want to invest in an Airbnb property or start a hostel or a hotel. This applies to the seaside and also to the capital Zagreb.
-It is not a great place to get a residence permit if you are a non-EU citizen. As a matter of fact Croatia is one of the hardest places to acquire residence in Central Europe.
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I love Croatia. I lived there by 1993. This Is a great info. Thanks a lot
muchas gracias senor!
Love it. Thank you. My wife and I are pursuing Croatian citizenship as her grandparents are Croats.
enjoy croatia
I love Croatia. Looking forward to moving there, in the mist of covid. Video was very informative. thank you. !
Glad you enjoyed it! With your name, maybe you are Croatian or has some HR heritage?
This is very informative hvala i'm from philippines 🇵🇭
And i am crazy digging research about croatia 😻
Thanks for this great and informative video. I like how you shared some practical knowledge with the local webpages.
Glad you enjoyed it!
Excellent video as usual. Very helpful information to help would be buyers understanding the pros and cons of buying. Especially those looking for a decent return on investment, residency or a lower cost of living. You know my thoughts… Montenegro wins on so many aspects. Looking forward to seeing your next vid!
10:27 thanks for nice explanation
nema na cemu.
Hello..am planning my trip to Croatia in January. Can you help me out. With renting apartments
This was super helpful, thanks! I'd be curious if you know any options for digital nomads to get financing at all?
if you start a company/self-employed operation in Croatia and live there for at least one year, some banks are likely to accept giving you a mortgage. Below that time, it is very difficult. You might as well try to get a loan in your country of residence to buy property in Croatia.
@@traveleconomics Oh interesting, helpful to know, thanks!
Please make video on Real Estate in Ukraine and Moldova.
will make on Ukraine. Moldova, when I travel there.
@@traveleconomics pls do asap
What about Czech Republic or Hungary???
Both among my favorite places. Real estate prices in Prague are currently overvalued in my opinion. Budapest has definitely more realistic prices aligned with their country's current economic situation.
Do not invest in real estate in Croatia. Rn, in some parts, the prices are way over inflated and on par with France or UK which is ridiculous.
Can indian get loan in d category visa
Please stay in India
As a Croat it is not worth invest anything there believe me
I have to agree with you for almost all sectors of the economy. Bureaucracy and uhljebi are prevalent. Tourism goes nicely though.
@@traveleconomics yes but only during summer and as you said on video, prices are much higher than in Zagreb
One of dumbest comments lately. Properties in Zagreb are skyrocketing and you are talking that it is not worth? Do you know ANYTHING about properties market?
Da da, lakše je biti tuđi sluga na zapadu
Can a indian citizen buy properties in Croatia.. and become a a citizen
If you are rich then yes
@@mihaelmiles7184 how Rich tell me Dollars
Thank u for Responding.. i love it
you can definitely buy something. To become a citizen you need to live 8 years in Croatia and give up your other citizenship.
@@traveleconomics Which Countries in Europe allow Dual Citizenship for Indian Citizens?
Please Reply Sir!
It’s too bad Croatia makes it difficult to migrate as an American. Also unfortunate they’re becoming part of the EU
It is really bad indeed, they are missing out heavily on retirees and people with sufficient means. Regarding the EU, it is the least bad option available. I am not a fan of the EU myself but we have to be practical. Serbia is not going to join the EU and is in a much much worse situation than Croatia and Montenegro for ex.