Who Will Profit Most from New GUP?
Investors, project designers and construction companies appear to have all gotten what they wanted from the new Urban Development Master Plan (GUP) – the opportunity to build throughout Zagreb in a much less constricted way. The paper lists the...
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Property News
Zagreb Housing Prices Down First Time Ever
11.12.2007.
According to Centar Nekretnina, an Internet site that advertises around 34,000 properties currently for sale, the price of apartments in Zagreb fell in November for the first month since the web site was launched in May 2006. The average price for a...
Lika Property Prices Booming28.08.2007.The prices of property in the area of Lika – until very recently a rural backwater facing depopulation – have reportedly grown by as much as 500 percent since the Zagreb-Split motorway first passed through this picturesque part of the...
Adriatic Property Boom Slowing Down28.05.2007.Despite the popular myth that a real estate boom is taking place on the Adriatic coast, property purchases by foreign nationals make up barely one percent of all real estate transactions in Croatia. Yet, property owners continue to hike their asking...
Real Estate Agencies Feeling Pinch23.05.2007.Long gone are the days when any entrepreneur with a telephone could act as a real estate agent and collect commissions from the sale of real estate when the market was hot. The drop in the property sales indicates that total turnover in the industry...
Over 13,000 Foreign Investors Interested in Real Estate21.05.2007.13,000 foreign nationals - mostly from Germany and Austria - have initiated proceedings to buy property in Croatia. Officially, foreign nationals who reside in countries that have a reciprocal agreement with the Government regarding the purchase of...
Location and Construction Permits Abolished10.05.2007.Location and building permit will no longer be necessary for the construction of family houses and facilities of up to 400 square meters, according to the draft Construction Act. Only "big and complicated" projects, like motorways, will need...
Croatian Property Market Conference09.05.2007.In the absence of a Government housing policy, the less well off citizens will continue to be confined to small studio and single bedroom apartments that are well below actual family needs, say property experts heard at the Croatian Property Market...
Russians Buying Real Estate16.04.2007.Though Croatia and Russian are yet to sign a reciprocal agreement regarding the sale of property, Russians are quickly becoming the most sought after clients - and the most eager buyers - for real estate on the Adriatic coast.
Government Report on Foreign-Owned Real Estate05.04.2007.Thousands of foreigners appear to have circumvented difficult real estate laws and tangled red tape to be able to purchase property in Croatia.
EU Property Market and POS03.04.2007.Experts warn that current policies and regulations regarding State subsidized housing projects are not in line with EU policy, and will eventually have to be revamped. Government officials defend the policy of selling subsidizing housing to its...
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Slovenian Buyers Eyeing Coastal Real Estate03.04.2007.A growing number of Slovenian citizens are showing interest in purchasing coastal property in Croatia ever since the principle of reciprocity for the purchase of real estate with Slovenia was confirmed. Now, new regulations will make the process easier.
Most Expensive Apartments in Zagreb30.03.2007.A new elite residential and business center is being planned right the very central Ban Jelacic Square in Zagreb, which should break all the records for prices paid for housing in the capital. The project is being valued at anywhere between EUR 80 and...
Globe Trade to invest €42 mln in real estate in Croatia07.03.2007.Globe Trade Centre SA, Poland's largest property developer by market value, will invest €42 mln ($55 mln) in office and commercial buildings in Zagreb. The company bought a 12,000 square-meter plot in the Croatian capital and will hire Slavonska...
Tax on Unused Property Abolished23.02.2007.The Constitutional Court has ruled against local municipal councils taxing the property owners who do not cultivate the land. Media explain why introducing a tax for unused land would make a lot of sense.
Speedier Registration of Property21.02.2007.Major progress has been made in the registration of property since local councils - backed by Government and World Bank funds - have undertaken a concrete policy for the digitalization of the cadastre and other title entries.
Growing Italian Interest in Croatian Real Estate22.01.2007.Despite new legislation permitting Italians to buy property in Croatia without residency status, few applications for purchase are being processed because of bureaucracy. Some politicians disapprove of the new regulations or the growing foreign...
Esuli Property Issue Pops up Again17.01.2007.Italian PM Prodi stated on Monday in Ljubljana that the issue of Esuli property should be resolved in talks between Italy, Slovenia and Croatia. This probably implies a revision of the 1975 Osimo and 1983 Rome Agreements, which regulated the...
Halting Denationalization in Hvar16.01.2007.Families whose property was included in the base capital of the Suncani Hvar hotel resort are still fighting HFP for some form of compensation.
Croatian property laws pose hurdle in EU accession process11.01.2007.By Natasa Radic for Southeast European Times in Zagreb – 10/01/07 For the time being, Croatia will not take part in negotiations on the EU free movement of goods and capital. During the screening process, EU experts concluded that Croatian...
Sredisce in Focus of Developers11.01.2007.An informal consortium of prominent Croatian businessmen has reportedly signed a contract with Zagreb City Council to develop a significant plot of land in the suburb of Sredisce. The development will include a housing estate and a business and...
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