Mortgages for Foreign Nationals in Croatia
Local banks and other lenders do issue mortgages to foreign nationals in Croatia. However, the process can be more challenging as foreign nationals may not have a credit history in Croatia and may not have the same documentation requirements as Croatian citizens or permanent residents.
Local Lenders
Some local lenders that provide mortgages to foreign nationals in Croatia include:
- Zagrebačka banka: This bank offers mortgages to foreign nationals, but typically requires a higher down payment and may have stricter documentation requirements.
- Privredna banka Zagreb: This bank also offers mortgages to foreign nationals, but may have similar requirements as Zagrebačka banka.
- Erste&Steiermärkische bank: This bank offers mortgages to foreign nationals, but may have similar requirements as Zagrebačka banka and Privredna banka Zagreb.
Deposit Requirements
The amount of deposit required when buying a property in Croatia can vary depending on the lender, but typically ranges from 20-30% of the purchase price. Some lenders may require a higher deposit for foreign nationals.
Outstanding Debts on the Property
New property owners in Croatia are responsible for outstanding debts on the property, such as unpaid property taxes or utility bills. However, it is important to conduct a proper due diligence before purchasing a property to ensure there are no outstanding debts or liens on the property that could become the responsibility of the new owner.
It is important to note that laws and regulations for foreign nationals buying property in Croatia can vary. It is advisable to consult with a lawyer or real estate agent familiar with the laws and regulations before making a purchase.
