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Real estate in Croatia – the affordable Adriatic coast

Recently the number of housing transactions in Croatia has decreased due to the overall European economic depression and worsening economic conditions. The experts are talking about stagnation period, but overseas clients are still fond of property in Croatia. It’s the same Adriatic coast as is in Italy but it worth less.

The benefits of Croatian real estate?

The wealthy clients, among whom are also locals, still are regarding purchase of real estate in Croatia as a would-be long-term investment. Some of them are looking for affordable opportunity to become the EU resident or purchase inexpensive second house at the Adriatic coast. Many believe that prices will start to rise sooner or later and in this case, selling property in Croatia might bring significant income. The long term rental market is miniscule as major tenants are visitors and tourists, who are focused on short-term holiday rentals.

Best locations to buy real estate in Croatia

The Peljesac Peninsula with its small fishing villages like Kobas, Ston or Papratno is a rare unique place, offering decent properties for sale in Croatia, where you can really enjoy a holiday countryside feeling. The metropolitan cities of Zagreb, Dubrovnik and Split might be the most popular and well-known locations for overseas clients buying property in Croatia. Here settle those, who are fond of crowded spaces, cultural events, night clubs and other facilities abounded in big resorts.

A few more words about price of real estate in Croatia

In the capital city of Zagreb, the average price per “square” is about €1,600. A fully-furnished one bedroom apartment of 32 sq. m. in Brtonigla, Istria costs €35,000. Prices for decent cottages in Dubrovnik start from €240,000. But anyway, in the whole Adriatic coast it’s hard to find cheaper options than Croatian real estate. A small-detached house with total area about 100 sq. m. in Kotli, small village, located near the famous water Falls of Myrna River is sold for €80,000. These are the affordable examples of property for sale in Croatia. Luxury ones also exist. For example, a beautiful three-storeyed villa of 430 sq. m. in Ciovo costs €2,650,000. For that price would-become owner gets 4 bedrooms, an office, outdoor swimming pool, a garden and magnificent sea-view.

Do you still have any concerns?

Utility costs in Croatia are not high and are calculated according to the registration. The other benefit is national tax burden, which is not the high if compared with other EU members. And the last but one bonus is an opportunity to obtain a residence permit. So, do you still have any doubts?