What is real estate?What is land-register?How is the valute of real estate established?Are foreigners allowed to purchase real estate in the Republic of Croatia?Who may purchase real estate in the Republic of Croatia?Who is allowed to sell real estate in the republic of croatia?What amount of downpayment is required of the buyer?What obligations do the buyer and seller have by law?Where and by whom is the sales contract certified?What is a tabulated declaration?What is the amount of real estate tax the buyer needs to pay when purchasing property?What is a fiduciary?Is it neccessary to pay real estate tax if a property owner is exchanging real estate?What is the deadline for property tax registration and payment?Who is responsible for paying tax on additional value when purchasing real estate?Is the buyer allowed to register his real estate in the land rbefore paying registry property tax?Are buyers and property owners responsible for paying additional taxes apart from property tax?How is rent on real estate taxed?What is the real estate agent’s sales provision?Which specific croatian laws are related to the purchase of real estate?

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What is real estate?

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Real estate is a piece of land including the air above it, and the ground below it, and any buildings or structures on it.

What is land-register?

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Land register is a system by wich the ownership of land is recorded and registered in order to provide evidence and to facilitate dealing.

How is the valute of real estate established?

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The price of real estate is established by the owner with regard to the actual prices of real estate on the market. The minimum market price for real estate is defined by the government, but when seeking the estimate of real estate for credit from any bank, then a licensed appraiser is used.

Who may purchase real estate in the Republic of Croatia?

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There are no obstacles or sanctions in purchasing real estate in Croatia, although the buyer is obliged to present proof of Croatia citizenship when defining ownership in the land-registry office.

Are foreigners allowed to purchase real estate in the Republic of Croatia?

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Yes, but they must first receive permission from the Ministry of Foreign Affairs to be able to purchase real estate and then with that consent they will be able to present their proposal for enlistment in the land-registry department. The consent for the purchase of real estate subject to reciprocity is issued by the Ministry of Foreign Affairs based on the previous consent from the Ministry of Justice. In any event, there are other possible options for foreigners interested in purcasing real estate.

Who is allowed to sell real estate in the republic of croatia?

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Each and every owner of property whose ownership is listed in the land- registry office, and is able to transfer ownership to an interested buyer. Property owners not listed in the land-registry are also able to sell property but the buyer is not listed in the land registry and has to present legal concession in order to be able to list the real estate in his name in the land registry.

What obligations do the buyer and seller have by law?

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The buyer is under obligation to pay the seller the full price as agreed upon in the contract, and the seller is obliged to turn over the real estate in question and allow the new owner to sign the real estate in his or her name in the land-registry.

What amount of downpayment is required of the buyer?

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By agreement with the seller the down payment is usually 10% of the price for the real estate in question, and in congruence to the legal maximum.

Where and by whom is the sales contract certified?

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The seller is required to certify his signature on the sales contract by a licensed notary office in the Republic of Croatia, and when abroad the seller is able to certify the sales contract in a licensed notary office or Croatian Embassy, but the seller is still required to apostate the sales contract in front of an authorized court.

What is a tabulated declaration?

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A declaration stating that the seller of the real estate received the full amount as requested in the sales contract and allows the transfer of ownership in the land-registry for the property declared in the sales contract between the two parties.

Real Estate Agency

Želja d.o.o.
Licensed agency
Croatian Chamber of Economy

Phone: +385 21 717914
Mob: +385 (0) 91 1499 990
Mob: +385 (0) 91 5177 741
Fax: +385 21 717914
info@hvar-properties.com

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