Property Transfer Tax went down to 3%!

Good news for potential real estate buyers in Croatia - as of January 1st, 2019 Property Transfer Tax went down to 3%. Five years ago it was 5%, then it's level was reduced to 4%, now 3% rate is introduced meant to stimulate overall realty market activity, encourage buyers to buy apartments, houses, land and other types of immovables in Croatia. Croatia is now one of the most favourable tax regimes for realty in Europe: purchasing taxes are the lowest in comparison with Spain, France, Germany, etc. Annual taxes are not still introduced at a proper level, so that Croatian properties owners enjoy possibility of paying approx 2-3 euro per m2 per year.