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Croatia PROPERTY Croatia REAL ESTATE Croatia
Description:Apartment in city center of Korcula, 53m2 with 3 bedrooms, on the first floor. Need some renovation. Price: 90000 EURO For more info Email More and more foreigners are buying property in Croatia attracted by the prospect of Croatia joining the European Union. Some are even buying whole islands, of which there are more than 1,000, as Robert de Niro, Clint Eastwood and Sharon Stone are rumoured to have done. Regarded as the most reliable bet for second homes in Eastern Europe, among its many charms are breathtaking, though seldom sandy, beaches and Venetian-style towns. Dubrovnik has a picturesque Old Town, while the Slovenian Alps villages attract winter sports fans. English is widely spoken in the main tourist areas, but the language barrier can be frustrating elsewhere, and prices are high compared with other Eastern European countries. Although there are plenty of direct flights from the UK, transport to many islands is poor. Generally you either have to set up a company to buy property or obtain permission from the Ministry of Foreign Affairs, which can take up to a year. Political instability, however, remains a risk. Properties commonly vary from beach side and city apartments to spacious, detached villas and rambling rural piles. Foreign buyers typically focus on the picturesque Dalmatian and Istrian coasts, especially the better resorts such as Tucepi, Brela, Porec, Rovinj and Pula, which is famous for its Roman amphitheater. Brac, the largest Dalmatian island, and Hvar, known for its vineyards and lavender fields, are popular. Prices have been rising spectacularly - by around 40 per cent in 2003 - and buyers should move fast. Flats in new developments on popular islands such as Korcula and Brac are still available at about 70 000 Euros. Buying Process A good agent will be able to guide you though the whole process - expect to pay a lawyer one percent of the asking price, a land tax of five per cent, and an agent's fee of five per cent commission on the purchase price. Capital gains tax is payable at 35 per cent but there is no tax if you sell after three years.... Croatia Property and Real Estate Links :
Selected Croatia Property News Articles :UK Mortgages for Croatia : Homesgofast.com, the overseas property portal are now working with international mortgage broker Frontiers Financial Services the only UK firm to offer overseas mortgages in Croatia and Montenegro. The company is also uniquely offering 100% LTV mortgages in Turkey. Many investors who wish to take advantage of low entry house prices in emerging property markets find it a daunting task to secure the right finance... Read moreWill greed tarnish Croatia's gem? - DUBROVNIK, Croatia If not for a few small monuments to the dead, one might never dream that this medieval walled city was besieged and shelled in 1991. The roofs have been redone in traditional red clay, the streets and buildings in polished white limestone. Children play soccer in the church courtyards; history and beauty are on display wherever the eye roams. .....But the new affluence comes at a cost, and many citizens are worried that they will be squeezed out of this city by rising prices and that the virgin beauty of their coast will be ruined by over development. A local newspaper recently proclaimed, "We don't want to be the next Ibiza." >>>read more.... Buy
your own isle, beach optional - A string of tiny
islands scattered off the Croatian coast are up for sale. Located
along the country's pristine coastline, the islands are said to
be attracting attention from people with deep pockets and a taste
for privacy. The islands may be strewn with pines and olives but
owners will have to pay extra to lease their own beaches, as they
remain government property .... >>>
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