An insight of the Croatia property market
The Croatia property market, in order to be studied, has to go back to the time when Croatia was part of the Yugoslavia Federation. By then, when people were transferring property to members of their family they have to pay a big amount of taxes, in order to avoid that they were just adding the names to the title of the property but did not change that in the local Land Registry again for money problems.
Particularly with old stone houses that is a big issue. When foreigners find an old stone house they want to buy will also find out in many cases that the title is not clean. The documentation doesn't match the one in the Land Registry, that can be solved by the help of a Croatian property lawyer but the next thing is to find all the people in the title to agree on the sale of that Croatia property. That's a difficult thing as many Croatian nationals emigrated in harder times and can be now in the US, Australia or South America, many also have died making the things more complicated.
The advice to those who don't want to get involved in paperwork that can take lots of time is to buy new property in Croatia. Off plan property in Croatia such apartments or villas don't have issues with titles, the first buyer will be the first registered owner in the Land Registry.
Off plan property in Croatia is proving to be popular as most foreigners are now buying this kind enjoying peace of mind as well as a brand new Croatia property on the Sea.
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