Things to know when buying property in Croatia Part 1
Before you purchase property in Croatia you need to understand how the system works. Buyers from a country which has a reciprocal agreement for the purchase of real estate in the Republic of Croatia can buy real estate properties. Non nationals can purchase any amount of Croatia property they like, except agricultural land. There is a reciprocal agreement between the UK and Croatia.
The most important thing you must do is ensure you have the funds required in place, either from a UK mortgage company or from your own resources. There are no mortgages available for non in Croatia. With the required funds in place, you should then find a reliable agent who helps you locate a suitable Croatia property and asist you with the whole purchase including referring you to a reliable lawyer in Croatia.
You should deal with a member of the Federation of Overseas Property Developers Agents and iltants (FOPDAC) whose web site is at vww.fopdac.com. If you are purchasing an old Croatia property, you should have a survey done to ensure it is structurally sound, and expect to have problems with title deeds as this is the norm for old stone houses in Croatia.
These legal problems often back to the days of Communism, when inheritance taxes were very high. Few owners recorded ownership tide to their Croatia properties and just added more names to the title deeds. This can make whole purchase rather lengthy because in many cases the people named could be long dead or living abroad and the prospective buyer must obtain the consent of all the people recorded on the deeds. Croatian lawyers will deal with process, usually charging around 2% in fees for their services.
Home: Property in Croatia Property in Istria Property
on sale at CroatiaProperties.Biz