The Croatian Property Market Historically, the laws governing the ability of foreign nationals to purchase or otherwise own real estate in Croatia were restrictive. Of course, a great deal of this reflects the reality that through much of its history, Croatia was under the governance of other countries. For a significant part of its history, Croatia has been occupied or otherwise controlled by foreign governments.
In any event, beginning in about 1990, there has been a slow liberalization of the laws pertaining to the purchase and ownership of real estate in Croatia.
Investment Property in Croatia
With the slow liberalization of land ownership laws in Croatia -- which will be discussed further and in more detail later -- some foreign investors have begun to put money into Croatian real estate. However, there has not been a great rush by foreign nationals towards the investment in real property in Croatia.
There remains some uncertainty on the part of investors in regard to the stability of Croatia. Of course, Croatia is located in a region of the world that has been rife with conflict since the disintegration of Yugoslavia.
In any event, and as has been mentioned, some foreign investors have taken to buying some commercial, multi-family residential and vacation real estate holdings over the cape royale of the past ten years.
Residential Real Estate in Croatia - Single Family Properties
The investment by foreign nationals in single family dwellings in Croatia has been rather limited thus far, since the liberalization of the land ownership laws that commenced in the early 1990s.
Presently, the movement towards foreign nationals in the arena of residential property has been slow and deliberate. For the most part, those foreign nationals that are investing in residential real estate in Croatia are those individuals who have migrated the country (or an in country for at least a portion of the year) for business purposes.
Even though investment in real estate by foreign nationals has been a bit slow on the mark thus far, foreign nationals have taken greater initiatives in investing in other types of business enterprises within that country. Again, for that reason, there are some foreign nationals who have taken steps to own residential, single family dwellings in Croatia.