If you are in a possession of a house with multiple owners and want to sell it, there might be some problems if one of the owners shows some kind of reluctance. Looking from the legal point of view, there is nothing stopping you from selling your part without other owners consenting. All you need to do is prove the size and ownership over a part of the real estate. And that is when the co-owners can start their obstruction! If you can’t finish the process, the best thing to do is to break the co-ownership contract. There is still a chance that your partners will not agree to this, so you may have to hire a lawyer and start a legal process to break the contract. The court than may sell the real estate at a public auction and divide the money between the owners, thus solving all your problems. However, this is not something we should recommend you do cause it is always better to come to an agreement without bringing third parties to the whole situation. Besides that, Croatian courts are not known for their efficiency at the moment.

The new Law concerning agricultural land in Croatia cause quite a debate during the last week. Investors and large construction contractors believe that it will make their business more difficult and their investing efforts substantially more expensive.
The Law is intended to protect agricultural land in Croatia from extensive urbanization by introducing a new fee which every investor must compensate in order to turn agricultural land areas into urban areas. The size of the fee is determined by the size of the squared surface of the land, and not by the size of the land used for building. The category of the land, or its farming quality, is also taken into concern when establishing the fee. Some investors and real estate experts say that this Law will only lead to even more expensive apartments, which will then in turn lead to loss of jobs in the construction sector due to smaller demand for apartments on the market. They also say that there will be more extensive building in the new urbanized areas.
Predictions of new Law’s effects are different depending on the source, so all we can do now is to be patient and wait to see what the New Year of 2009 will bring us in the end!

The global financial crisis is knocking on all doors in Croatia! The situation is still not as dramatic as it is in the United States or in Great Britain, but its effects are starting to show in Croatia too. The real estate market is not hit hard like other markets, but all consultants tell us that there will soon be some turmoil. Although it is not risk free, it is still a good investment to buy a property, especially if it is a luxury villa, or some other exclusive real estate. There are some people who need money right away and they will sell their house now because they are aware of the fact that their real estate can only lose value in the coming months. This also goes very much for sellers who offer apartments suited for families in the biggest cities like Rijeka, Zagreb, Split, but also in attractive tourist destinations. The bad thing with the current situation is that the year 2009 will bring a somewhat absurd situation in which prices will hit their low, but the banks will also limit their offer of loans. This means that any investor with a big stash of money standing by can’t do anything better than buy some property for future sale. The crisis may be coming and it may hit hard, but never forget that real estate does not lose value in the long run, it can only bring you profit if you are patient enough to wait, especially if we are talking about an attractive market like the Croatian one certainly is.

Trasa Real Esta agency is one of the most succesful agencies in Croatia, especially in the Kvarner and Istria region. Property market in Croatia is one of the most dynamic markets in Europe, with constant changes in prices and legislation. That is why we decided to start this blog, to bring the market closer to You, our potential customers and real estate investors. In the modern world of the 21st century, there is a fast tempo of living with which even the most capable “players” can’t keep up with, and that is where our experts step in. If you are looking for a good investment opportunity in Croatia, real estate agents from Trasa are at your disposal 24 hours per day, 7 days of the week. Don’t let the competition run you over!