But how exactly does buying real estate in Croatia work? We talk to our business partner Franziska Ebertwoski in our new YouTube video. It is part of Split Consulting, which assists international clients in both real estate searches and company formation, and supports them with an extensive network of partners.
The process of buying real estate in Croatia
In Germany, the search for a suitable property usually begins on the Internet. They browse numerous portals, contact owners or brokers and arrange viewing appointments. In Croatia, the process is different, because here the best houses and apartments are sold in camera. In addition, some dubious real estate offers are circulating on the net. Therefore, it is even more worthwhile to cooperate with a broker and a consulting firm such as Split Consulting, who will support you with their extensive network and avoid unpleasant surprises.
Once you have found your dream property, all documents are first checked and a preliminary contract is drawn up. At the point, both parties pay a deposit of about ten percent of the property price. If the buyer withdraws, the seller keeps this amount. If the owner decides against the sale, a contractual penalty becomes due in addition to the down payment.
You also need to pay attention to the following
To play it safe with your real estate purchase, all contracts should be drafted by an attorney. There are usually two to three weeks between the preliminary contract and the signing of the main contract. While in Germany the property is usually paid for and handed over some time after the contract is signed, buyers in Croatia often transfer the money and receive the key on the same day. Good to know: Even though the euro will not replace the kuna as currency until January 2023, almost all real estate is already traded in euros.
Your real estate dream in Croatia
In Croatia, the demand for real estate has been increasing rapidly for some time. Real estate expert Franziska Ebertwoski predicts that the market will develop even more positively in the coming years – a real estate investment is therefore particularly profitable. However, buying a house or apartment from a distance often involves a lot of effort and uncertainty. We at WEISS IMMOBILIEN are happy to support you. With our comprehensive real estate offer and our versatile partners in Croatia we enable you to buy without worries. Feel free to contact us for a first consultation.