From continental Croatia to the sea, real estate prices have varied in recent years. The highest prices per square meter of residential buildings can be found in Zagreb, central Dalmatia, and the southern part of Croatia, while by far the cheapest is the east. For all those potential real estate buyers, it is important to know that by investing in a quality location and project, you are achieving an exponential financial profit over the years. In 10 or more years you can regain the capital of investment and earn double or not more in value. Given the increase in apartment prices per m2 in 2021., Croatia achieved a growth of 5.7 percent compared to the previous year, ensuring investment in the real estate business is the most profitable investment of the future!
With a rich and versatile database of properties, the Croatia Real Estate agency offers you many options between luxury villas, houses, apartments, commercial real estate, construction lands, and renovation projects. Making sure there is something for everyone’s taste and desire. Croatia Real Estate achieves cooperation on an international and national level, providing the best service and investing assistance you can wish for all Croatian real estate markets.
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If you are a citizen or a legal entity from a member state of the European Union, you are entitled to the right to own real estate in the Republic of Croatia under the same conditions as for acquiring the right to own property for citizens of the Republic of Croatia and legal entities based in the Republic of Croatia, with the exception of real estate in exempted areas - agricultural land determined by a special law and you do not need the consent of the Minister of Justice and Administration to acquire ownership rights, with the note that citizens and legal entities from the European Union cannot acquire agricultural land until June 30, 2023. The process of buying real estate for foreign citizens outside the EU is much more complex than the process of buying real estate for Croatian and EU citizens. The complexity primarily refers to the amount of documentation that needs to be obtained and the approval that the Ministry of Justice needs to issue.
Croatia is a profitable place to buy and invest in real estate, especially after the pandemic and from the beginning of 2022. Buying a property in Croatia is a good investment, and since the inflation begin the constructing material has significantly increased in price which produced big interest in buying old houses instead of building new ones from the beginning. Many houses in Croatia are opened for the rent therefore investing into a real estate could bring you up to 10 % of return on investment.
While foreigners from the European Union may purchase real estate in the Republic of Croatia under the same conditions as nationals of the Republic of Croatia, those living outside the EU must obtain consent for the purchase of a real estate in the Republic of Croatia from the Ministry of Justice of the Republic in the administrative procedure. Without this consent, the new owner could not register his ownership of the land he purchased.
Prices of real estate really differ depending on the location. The average price of a self-standing house in Croatia within walking distance from the sea is 450.000 euros (house built in the late 20th century) while in continental Croatia (capital city Zagreb) you can find houses with the average price per square meter at 2,177 euros. The average price of houses on the seashore is between 200.000 and 400.000 euros. Seafront houses cost approximately from 1 000 000 EUR and higher.
Healthcare is not free in Croatia. You'll also need to make a co-payment of 20% of the cost of any medical treatment you receive. The maximum you'll pay for a single treatment is 2,000 Croatian kuna. Most people in Croatia take out supplementary health insurance with HZZO to cover their co-payments.
With its low cost of living, high quality of life, small population, clean air and water, great food and social healthcare Croatia is a good place to retire. As a single retiree you could easily get by with a 5,064.15kn (without rent), however if you don’t pay the rent then your monthly costs alone (Electricity, Heating, Cooling, Water, Garbage) for an aprox 70 m2 apartment would be not more then 1,401.67 kn.
There is no real estate tax in Croatia, only 3% tax is paid once the real estate is purchased.
Persons who do not hold Croatian citizenship (foreign nationals) may submit an application for acquiring Croatian citizenship and become Croatian citizens through naturalization if they meet the requirements. Croatian citizenship may be acquired if the person has a residence in Croatia, is born in Croatia on grounds of marriage or civil partnership with a Croatian citizen, on grounds of emigration, on grounds of the Republic of Croatia’s interest, on grounds of affiliation with the Croatian nation and on grounds of reacquisition of Croatian citizenship.
As of January 1, 2021, UK citizens have limited staying in Croatia, due to Brexit. Brits are now considered third-country citizens, which is how Croatia refers to anyone who does not hold EEA/EU/Swiss nationality. If a person who has British residence wants to work and travel in Croatia which is part of the EU they will need to go through some legal documentation. . British citizens can travel to Croatia for up to 90 days in any 180-day period without a visa. For living and working check out official pages for further guidance.
For a Croatian citizen with an average neto monthly salary of 1033 euros per month, Croatia is considered quite an expensive place to buy property. However, the location and type of the property define the price. Prices also differ in the continental and coastal parts of Croatia. If you are a foreign citizen with a much higher net monthly salary, such as Germany, Austria, the UK, and France then you might consider Croatia to be just a good place to start your real estate journey.
Croatia is considered to be one of the safest countries in the world and even ranks quite high on Global Peace. With its low crime and violent rate, Numbeo defines Croatia as the second safest European country for walking alone at night.
The average price of bread in Croatia differs from location to location, usually defined by the size of the supermarket and the type of bread. In an average bakery in continental Croatia, a white wheat loaf of bread costs around 10 kunas. In some large supermarkets, you can find it much cheaper at about 8 kunas. For better quality bread the starting prices are 20 kunas and above.
For a pack of cigarettes (20 cigarettes in one pack), you will pay on average between 17-35 kunas depending on the brand and type of the store you are buying the cigarettes from.
The real estate prices in Croatia are slowly rising, and even more after the pandemic. Depending on the location the prices differ, but still the most expensive area for buying a property/house/flat is the coastal Croatia.
Since February 2022. the price the continuously have been increasing. Average prices on some of the most common fuels in Croatia on September of 2022. are Unleaded: 11,26 kn/l, Diesel: 12,35 kn/l, Diesel Premium 14,52 HRK and LPG: 7,31 kn/l.
The current money currency in Croatia is the Croatian kuna but from January 2023. Croatia will implement the EURO currency for its citizens.