Croatia improves laws to attract investment in construction

Feb. 11, 2015

Croatia improves laws to attract investment in construction

Croatian authorities intend to reduce the time for issuing building permits from 317 to 30 days to revive the construction sector and attract more investments. 4 new laws accepted on construction, architectural planning, building inspection and registration of real estate, the ee24.com reports citing local media.

According to the latest data of the agency Opereta, plot prices in Croatia fell by 13% in 2010-2014. Recently, deals with land were concluded slightly, despite the EU funds' financing of some projects. Croatia is EU member since 2013.

Plot prices in Zagreb fell by 25% from €214 to €160; in the Split-Dalmatia region – by 10.4% (€161); in the Zadar region – by 9.4% (€115); in the Primorje-Gorski region – by 2.7% (from €114 to €111 per sq.m).