Home » Business » Foreigners Investing Less and Less in Croatian Real Estate

Foreigners Investing Less and Less in Croatian Real Estate

CroatiaThe predicted rush of foreign buyers purchasing property in Croatia since they were first allowed to do so has not really eventuated, as the latest sales figures highlight…

The number of foreigners investing in real estate in Croatia has been in negative decline over the last few years. According to data from the nation’s Tax Office, in 2010 a total of 5,445 foreigners purchased property in Croatia, dropping a year later in 2011 to 5,087 and down to 3,351 in 2012. Citizens of EU member state countries could first purchase property in Croatia with the same rights as a Croatian citizen back in 2009. There was still a way however for foreigners to purchase property even before 2009, via setting up a company in the country and purchasing the property through the company.

From 2010 there have been 13,883 sale and purchases of properties in the country, with Slovenes the number one foreigners for acquiring property in Croatia, making up 40.86% of the total sales. The Germans (12.66%) were next, followed by the Italians (11.34%), Austrians, Hungarians and Swedes. The majority of foreigners buying in Croatia have money, and are looking for a luxury home close to the sea on the coast with all the trimmings. The capital Zagreb is also slowly becoming more popular to these type of buyers.

The trend however in 2013 did not see any change, with 10% fewer purchases than the year previous. Many local agencies do not see EU citizens as the ‘saviour’ for the Croatian real estate market, but the wealtly Russians.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

[PHOTOS] Heroic Firefighters Stop Devastating Blaze on Makarska Riviera

The devastating fires that raged in Podgora and Tučepi on Croatia’s Dalmatian coast over the past two days have been controlled thanks to the heroic work of the nation’s firefighters and army. Thankfully, there were no casualties or major damage to homes or buildings, but around 500 hectares of pine forest land and olive trees...

[PHOTO] Football Legend Luis Figo Enjoying Croatian Holiday

Retired Portuguese footballer Luis Figo has arrived in Croatia for a holiday. Figo (44), is staying in on the Dalmatian coast in the Zadar region and on Tuesday was photographed enjoying his time at Portus Beach Club in D-Marin Dalmacija in Sukošan. “We are happy that football legend Luis Figo is enjoying his time in...

New Boutique Cinema & Bar Opens in Zagreb

Kaptol Boutique Cinema & Bar – an original concept of movie theatre in Croatia – officially opened on Wednesday in the capital Zagreb. Boutique cinemas are nothing new in Europe, or around the world, but it is the first in Croatia. What makes this new CineStar cinema different to others in Croatia is in the...

[PHOTOS] Newly Renovated Luxury Hotel Cornaro in Split

A new luxury hotel had its official opening last night in centre of the Dalmatian city of Split. The newly renovated Hotel Cornaro, which is situated on King Tomislav Street in downtown Split, has been open for a while now but on Thursday held its officially opening for invited guests to celebrate the opening of...

Croatian Electric Bike ‘Grunner’ Presented

After major success at the world’s biggest innovation exhibition held in April 2017 in Genève, Switzerland, Croatian company Mobile Vehicle Technology in cooperation with the first Croatian design company specialized in vehicle production and design – Absolute Design, presents to the market the first electric smart bike from the Grunner series of electric bicycles. Grunner...