Private route for buying property in Croatia explained
Buying property in Croatia as a private is the most familiar route from the two available ways for purchasing property in Croatia - The other one is a Croatia limited company.
The private route is simple; you secure your Croatia property by putting down a deposit which is usually ten per cent of the Croatia property price. The rest can be paid when you receive the approval of the ministry of Foreign Affairs of Croatia. Foreigners interested in buying property in Croatia need to seek this approval in order to apply for ownership of the Croatia property in the local land registry, the application is just a formality that can only be refused if the applicant has a bad record in Croatia. The process can take between twelve and eighteen months.
But many buyers would like to have use of the property before the permission arrives; there's a way to do so when buying property in Croatia through a reliable and established real estate agency in Croatia. After the deposit, you agree a short time period to complete the whole payment of the property before receiving the approval, your agent or lawyer also place a mortgage in the property to your name so the old owner can't sell it again as the title of the property is still in his name. This is a secure way to make use of your Croatia property almost immediately.
By this way you are able to enjoy your new Croatia property but cannot rent it yet as you aren't the registered owner.
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