Pitfalls when buying property in Croatia
People looking for property in Croatia usually have different plans for that property. Many buyers are interested in Croatia property just for having their own dream holiday home in the sun but there's a considerable number of foreigners looking for Croatia property as an investment. The buy to let is possible in Croatia and many get into this opportunity.
What people interested in buying property in Croatia for letting it out should know is that there are two ways of buying property in Croatia. The first one, usually taken by those looking for just their own holiday home is the private route which requires permission from the Ministry of Foreign Affairs of Croatia in order to enter in the local Land Registry. This permission is just a formality and is very rarely refused but it takes between twelve and eighteen months to complete so if you plan to rent your property you should first need to wait for the approval holding your potential income for almost two years in some cases.
hat is advisable for those who intend to let their Croatia property immediately is to buy as a company, the second route for buying property in Croatia. The advantage of that is that you don't need the Ministry approval and you register the property to the company's name without delay.
Also, those who look for old stone house style to renovate and rent it later should take this route as for renovation you'll require building permission that you can obtain straight away as a company.
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