First Property Croatia

Croatia has been a leading destination for western tourists in the past few years. They are attracted by beautiful clean beaches, countless islands on the turquoise sea, dramatic history and rich culture of Split, Dubrovnik, Island Hvar and numerous other places; the unique Dalmatian lifestyle, and of course, the culinary specialties. Foreign investors in Croatia real estate are still careful in making their decisions – mostly because all the legal issues making property purchase difficult for foreign buyers. But Croatia is finally 'on the go' in this respect too.

The BBC has recently published a front page article inviting tourists and potential investor to buy Croatian properties on the coast, and saying that by 2013 (1st July 2013 is the date when Croatia will  join the EU) the Croatia real estate market will be completely ready for foreign investors. By then most of the laws and regulations will be simplified and adapted to match their needs, enabling easy access to Croatian property purchase and obtaining the necessary paperwork.

The chairman of the association of real estate agencies for the Dubrovnik–Neretva County, Frano Bezic tells us that it was no coincidence that the BBC mentioned 2013 as the turning point. With Croatian real estate prices 5% lower today than last year there are plenty of opportunities for foreign and local investors in Croatian property, who seek smart investments in buying properties in the best locations on the Adriatic coast.