We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Croatian property market
wallacebob
Posts: 199 Forumite
I am doing some research on Croatia, and wonder if any MSers have bought there? The programme on Channel4 last night night was informative, but as always I take things with a pinch of salt.
Is the market as good as they say? Spain was my first choice up until last year when I realised I couldn'y afford somewhere nice! We have holiday'd in Andalucia, near Banus, for several years, and Murcia looks good, but we want 2 beds for £100k!
I will come into some money next year and after paying off a chunk of our mortgage here, want a interesting investment abroad.A good rental income is important as I will have to mortgage about 50%.
I am planning a trip in October to Istria region as this seems to have the things that suit us. Flights to Pula are know reasonable. The property is primarily for investment over 10 years, but the odd month in the off season will be for family so we need to like it ourselves.
The incomes seem good in season, and rent to locals in winter. Is this feasible? I am told that you should set up a company in Croatia to buy and manage the property to maximise tax relief?
How are the legalities, management and maintenance issues? Is the language a real barrier - I struggle by in Spanish and French, very little German.
Is the market as good as they say? Spain was my first choice up until last year when I realised I couldn'y afford somewhere nice! We have holiday'd in Andalucia, near Banus, for several years, and Murcia looks good, but we want 2 beds for £100k!
I will come into some money next year and after paying off a chunk of our mortgage here, want a interesting investment abroad.A good rental income is important as I will have to mortgage about 50%.
I am planning a trip in October to Istria region as this seems to have the things that suit us. Flights to Pula are know reasonable. The property is primarily for investment over 10 years, but the odd month in the off season will be for family so we need to like it ourselves.
The incomes seem good in season, and rent to locals in winter. Is this feasible? I am told that you should set up a company in Croatia to buy and manage the property to maximise tax relief?
How are the legalities, management and maintenance issues? Is the language a real barrier - I struggle by in Spanish and French, very little German.
0
Comments
-
I was thinking about that. any development?0
-
I had to be there a couple of times a few years ago, my experience of the holiday areas around Rovinj and Pula etc. was that virtually all the Croats spoke English to a fair standard.
I can never understand the Brit. mentality of speaking loudly and slowly to Johnny Foreigner because he must be thick if he doesn't speak English0 -
You must be very, very careful purchasing property here. The Yugoslavia civil war has created legal issues over land / property title which, like North Cyrus, will explode when HR join the EU in 2013.
BUYER BEWARE
h0 -
Previous post spppillling error
Cyrus should read Cyprus.
h0 -
You must be very, very careful purchasing property here. The Yugoslavia civil war has created legal issues over land / property title which, like North Cyrus, will explode when HR join the EU in 2013.
BUYER BEWARE
h
Very true, in case anyone has forgotten this is what happened to a British couple who bought land in N. Cyprus that actually belonged to someone who was forced to flee to the south during the war.
http://www.telegraph.co.uk/expat/expatnews/7027869/British-couple-lose-north-Cyprus-land-fight.html
These disputes could easily lie dormant for decades (parents die, children decide to fight for their birthright).
Be very careful!"One thing that is different, and has changed here, is the self-absorption, not just greed. Everybody is in a hurry now and there is a 'the rules don't apply to me' sort of thing." - Bill Bryson0 -
GO and talk to inside track they will sort you and your fellow investors out...they are good at what they do.It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards