How to Sell Your Croatian Property in 2022 to Overseas Buyers

Your house in Croatia may go on the market soon. Since the financial crisis of 2008, Croatia’s property market has seen a significant increase in activity. Property values in the country are on the rise at this time. Learn more about selling a home apartment or villa in Croatia in 2022 by reading this guide.

 

Since 2013, Croatia has been a full member of the EU. As a result, the country has risen to prominence in the international property market since then. Investors from Scandinavia, Germany, Ireland, Russia, and even China have expressed an interest in Croatian real estate. However, compared to, example, Spain or France, the number of sales is still rather small in the United States.

 

In Croatia, what kind of houses sell for the most money? New York Times interviewer Tim Coulson adds, “Anything properly positioned and priced right is selling. There has been very little new development in terms of supply, thus demand is still quite low.”

 

There has been a shift in vendors’ pricing expectations, although many remain unreasonable.” Mr. Coulson goes on to say that “a motivated seller with a decent home will find a buyer.”

 

So, who are the people that are investing in Croatian real estate? “The normal Croatian seller wants to wait 10 to 20 years, but not to sell his house 20 percent cheaper,” says Elena Nevskaya, a real estate consultant located in Croatia, who claims that “the Russians are the most popular buyers of properties here.” As recently as the early 2000s, the Europeans and Russians were the most active buyers of oceanfront properties in the Dubrovnik area, driving up prices.

 

Croatia’s two largest cities, Zagreb and Dubrovnik, are popular with tourists and investors alike, from from all over the world, but mainly from Russia. Because oil prices have fallen and the Ruble’s value has fallen, Russian purchasers aren’t as substantially invested as they used to be.

 

Most of the wealthy foreigners who buy property in Croatia intend to turn it into a vacation or holiday residence. As far as they are concerned, it’s a lifestyle choice. Buyers from northern Europe, particularly those from Scandinavia, have risen to prominence as major players in Croatia’s real estate market, taking over from the Russians who came before them.

 

The Croatians are also purchasing several residences with the purpose of turning them into rental apartments. The local economy is improving, and as Mr. Coulson points out, “More Croatians are purchasing in order to rent.”

 

To what extent is the process of selling a home in Croatia simple or complicated? Purchasing and selling real estate in Croatia is hampered by a slew of red tape. In some cases, a property may have many owners, making it difficult to determine who to pay the bill to.

 

Nevskaya says that in some cases, those who owned property prior to 1945 can reclaim their title by submitting a claim. Even while this may not be the case with your Croatian house for sale, the fact that this happens so frequently does generate some uncertainty in the buyer’s mind, which is a shame.

 

Only if you’ve owned the property for less than three years will you be subject to the capital gains tax on the sale. Capital gains tax is assessed at a 25% rate in this situation. To learn more about the procedure, speak with a UK real estate agent that specialises in international property sales.

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