Croatia Mortgage
If you plan to buy property in Croatia, you may be interested in a Croatia mortgage. Financing your Croatia property investment through a mortgage is a relatively new addition to the Croatian property market and Croatia mortgages are still in their infancy. Your Croatia solicitor can inform you on aspects of Croatian mortgages as well as provide general Croatia mortgage information.
It is predicted that once the Croatia mortgage market is fully established, there will be huge demand from foreign investment in Croatian property. Releasing equity from properties you currently own may also be a financial possibility and an alternative to Croatian mortgages. For current information on Croatia mortgages it is advisable to consult your Croatia lawyer.
Croatia Tax
When buying property for sale in Croatia, it is essential to take independent legal advice as you will undoubtedly find that the purchase process for Croatia properties is unfamiliar. However, Croatia law provides the same rights for foreigners as Croatian nationals and there are no restrictions on Croatia property investment providing the condition of reciprocity is satisfied. In Croatia, buying a property also entails paying taxes. These include 5% transfer tax, but consult your legal advisor for full Croatia tax information.
Buyers of property in Croatia are also liable for several local and state taxes, including income tax on rental income earned from buy-to-let Croatia homes.
For further information on Croatia tax, ownership and Croatia law information, download the Croatia Property Investment Guide.
