Is Croatia a good real estate investment?

Recent data show that Croatia is very attractive to foreign citizens, investors, and expats. According to the last research by the Global Property Guide – over 70.000 foreign citizens own a property in Croatia. – buying a property in Croatia is considered to be a good investment for many foreigners.

Why Croatia is best for investment?

Unique geographical location, modern infrastructure, political and economic stability, a competent and highly educated workforce are the only reasons to invest in Croatia. Central European, Danubian, and Mediterranean, at the same time, with a unique geographical location, links Europe to the world.

Why is real estate so expensive in Croatia?

Average property prices in Split This is due to expensive land, lack of existing infrastructure, and high energy-efficiency standards imposed on new builds.

What is the average price of a house in Croatia?

In 2020, the average price of new dwellings in Croatia rose by 3.1\% to HRK12,724 (€1,678) per square meter (sq. m.) from a year earlier, following y-o-y rises of 7.6\% in 2019, 6.8\% in 2018 and 7\% in 2017, according to the Croatian Bureau of Statistics (CBS). When adjusted for inflation, prices increased 2.8\%.

Are there property taxes in Croatia?

Nearly 90 percent of Croatians own their own homes, so when the Croatian government passed a property tax for the first time in 2017, Lipa Taxpayers Association refused to stand by and allow this property tax to hit an already troubled economy. Its efforts led to the tax’s full repeal.

What should I invest in Croatia?

The Republic of Croatia has large investment potential. Key sectors are: car industry, ICT sector, pharmaceutical industry, food industry, metal industry, energy sector and tourism.

What is the average price of a home in Croatia?

Does Croatia have property tax?

Croatia has no property tax, that is, the property owners do not pay any tax (except for holiday homes owners but the amounts are relatively symbolic). Gains on sale of property (real estate) by individuals are in principle taxed at the rate of 20\% on the gain (plus city surtax calculated on this tax payable).

Where is the best place to buy in Croatia?

The most popular Croatia islands to buy a property are Hvar, Brač, Šolta, Rab, Krk, and Korčula. The weather on the Croatian islands is the best you can find in Europe.

Is Croatian real estate expensive?

Does Croatia tax foreign pensions?

Pensions of residents are taxed in the same manner as stipulated for pensions acquired in Croatia; that is, in the manner stipulated for employment income which residents earn abroad, unless treaties for the avoidance of double taxation or international treaties stipulate otherwise. …

Is Croatia a tax haven?

Words tax haven (not heaven) have become a symbol for money laundering, tax evasion and tax fraud. Furthermore, Croatia has relatively large double tax treaty network which even includes a double tax treaty with a tax haven – Mauritius. …