Croatia has made a significant change in its property laws, allowing easier access for foreign buyers outside the EU. If you’ve been considering investing in a home on the Adriatic coast, now might be the perfect time!
What Has Changed?
Until recently, non-EU citizens faced bureaucratic hurdles when buying property in Croatia. They needed approval from the Ministry of Justice and had to prove that their home country allowed Croatian citizens to buy property under the same conditions (reciprocity agreement). This process could take months and often discouraged foreign investors.
However, as of 2024, Croatia has amended its property laws to align with OECD standards. Now, citizens of OECD countries—including the United States, United Kingdom, Canada, Australia, Switzerland, and Japan—can purchase real estate in Croatia without special approval or the need to prove reciprocity.
What Properties Can Foreigners Buy?
Under the new rules, OECD citizens can buy:
✅ Residential properties (houses, apartments, vacation homes)
✅ Commercial real estate
✅ Land plots in designated building zones
However, there are still restrictions on:
❌ Agricultural land
❌ Properties of national significance (e.g., historical sites)
How Will This Impact the Market?
With fewer restrictions, Croatia is expected to see a surge in foreign buyers. This could drive up property prices in key coastal locations such as Dubrovnik, Split, Hvar, and Istria, where international interest is already high. Additionally, more investors may enter the luxury real estate sector, developing high-end villas and rental properties.
Real estate experts believe that the new law will help Croatia attract long-term investors rather than just short-term vacation home buyers.
Is Now the Right Time to Buy?
If you’re a non-EU citizen looking for a seaside home, investment property, or a second residence, Croatia is now more accessible than ever. With competitive prices compared to other Mediterranean destinations, a strong tourism industry, and new legal advantages, now is an excellent time to consider purchasing property in Croatia.
Need Help Buying Property in Croatia?
Navigating real estate purchases in a foreign country can be complex. Our team of experts at Croatia Property & More is here to assist you with legal guidance, property searches, and investment advice. Get in touch today to explore the best opportunities in Croatia’s real estate market!
