Croatian real estate market liberalised

Croatian real estate market liberalised

09/02/2009

Croatia's real estate market opens up to EU citizens in an effort to fulfill another SAA requirement and as a potential boost to the national economy.

By Natasa Radic for Southeast European Times in Zagreb -- 09/02/09
photo

The newly liberalised Croatian real estate market should attract more foreigners, especially EU buyers. [Getty Images]

Beginning this month, EU citizens have as much opportunity as Croatian nationals do to purchase real estate in Croatia. In the past, EU citizens had to deal with long bureaucratic procedures and fulfill numerous legal requirements, such as obtaining permission from the foreign and justice ministries to buy property, which took years.

With the passing of the Bill on Property, which was implemented this month, Croatia fulfilled a requirement of the Stabilisation and Association Agreement that grants EU citizens equal rights to purchase property in Croatia.

The new bill, however, excludes agricultural land and protected cultural and national property. -------------

http://setimes.com/