30.09
2018
Triple Check

Property for sale in Croatia? Triple check everything

If you plan to buy a property for sale in Croatia, you might be wondering about the numbers, how much capital you have to invest, what are going to be the costs and the maintenance and finally, your return of investment.

Surely those numbers are really important, but you should also consider a property for sale in Croatia as a home you could live in. During the building stage of your home, you look for high quality materials, best performance and the effect they will have on your pocket.

Home abroad

 

Croatia is know as a sunny and warm country, but what many people don’t know is that, during the winter the temperatures can go as low as -5 degrees on January, and as high as 38 degrees on the peak of summer in July.

The temperature variation is a very important factor that you have to consider when buying a property for sale in Croatia.

That is why it is fundamental to check if the property has good appliances but mostly importantly, good thermal insulation that is be able to maintain the heat and the cooling in the house. Like this, you will have to turn those appliances on less often, reducing the bills and increasing the life expectancy of those equipments.

 

 

<<CONTINUE TO READ>>

13.06
2018

Living in Istria : lifestyle, culture and more.

Why is the Istrian culture and the way the locals live in the area, relevant for your investment property?

The culture, lifestyle, activities and safety are factors that attract high value tourists to come to Istria, to spend their holidays in the region. The local habits influence the experiences those people will have.

At some point, you might want to enjoy your property and spend some time with your family. For that it is crucial to know if the place you are choosing as an investment, is also a suitable location for you and your family stay.

Due to overcrowdedness and unavailability of other places, people are choosing Istria as a preferred holiday destination, an ever more appealing option, especially during the summer season.

The landscape is neat and cultivated. Meanwhile, the cultural and historical influence of Italy and Central Europe is ever apparent and it has many attractions in its own right.

When you arrive in Istria, you meet not only a rich landscape but also a rich heritage and people that carry that gift within themselves.

 

<<CONTINUE TO READ>>

18.12
2017

How to buy property in Croatia? Like a detective spying in Cadastre.

No-name private sellers and real estate agents in Croatia write very poor descriptions of villas for sale in Croatia.

And once you’re viewing the property, there are things they just decide not to share with you.

How to buy property in Croatia then? Read this article and learn investigating skills that you really need to invest in Croatia.

 

Designed by Freepik

Exclusive guide STEP-BY-STEP only on Candy Brick

 

This article is not a complete guide to buy a house in Croatia. It will give you though ONE VERY IMPORTANT LESSON, that you can’t find anywhere else!

Search on Google, you won’t find it anywhere.

Ask people, they will hardly explain you step by step like we do in this article.

First time, when I needed this kind of information, I paid few hundred euros to a lawyer and… he didn’t solve the case!

And very soon you’ll be able to find such information on your own!

 

Smart buyer in Croatia is cunning as fox

 

No-name private sellers or the real estate agents with short term goals of earning their commission avoid answering your uncomfortable questions.

Or they just tell you something to keep you calm.

But, remember, words to be valid, needs solid, proven data and legal documents.

And each time there is something you don’t know, puts your property investment at risk.

Learn how to discover reliable information on your own when buying property in Croatia using Geoportal and Cadastre.

 

 

The market dynamics that cause question how to buy property in Croatia. How?! HOW?!

 

You’re finding an ad with a villa for sale in Croatia.

You’re calling to get more information.

On the phone they just repeat what was written in the ad.

OK, they will make a proper presentation during meeting – you think.

Surprisingly, during the meeting, apart of showing you the villa, they doesn’t really know what to tell you.

It was all written in the adwhat to add? 

Now, different days need to pass until they inform themselves on what they had showed you.

Understand this poor real estate agent.

He has over 200 real estates offers in his hands.

We offer a great variety of properties: garage, lands, apartments, flats, condos, villas, houses, cottages, office spaces, commercial spaces…. EVERYTHING FOR OUR CLIENT!!! 

Yeah yeah, but they forget that you want to buy one, single investment property in Croatia.

If you want to buy a villa in Croatia, you doesn’t care about 100 lands for sale that he has to offer or the office spaces in centre of Pula!

What matters is quality, and not the quantity of properties the company has on its website.

Otherwise, how can they know well each of this specific type of real estate?

Work with an expert in a certain category.

 

Show your interest in buying, only afterwords you will be kind of informed (it’s really like this)

 

First, you need to show your solid interest saying something like:

 

I don’t know anything about this villa for sale.

And I have also no idea how it was built, by whom, what was the idea behind this project, who is the owner, what is the legal situation of the house, is there a mortgage on the property, but…

… I love it so much from the first sight, that I want to buy it. First, I sign, pay for the villa, and only then you will show me papers and I’ll analyse details once sitting in my new home.

 

This is what they want you to say.

First you need to show your strong interest (but how?? Based on what?? On no-information, and 5 minutes walking around the house??).

You spend more time choosing your suite, then those 5 minutes in which they want you to take decisions about the investment property in Croatia.

They don’t understand you’re buying property abroad for investment and that you need to analyse every little aspect to secure your capital.

But no, they don’t get it.

 

You mentality VS their modus operandi

Real estate agents really think, they can write 2 sentences about the house, add 2 pictures with an old smart phone and show you a cold and dark house, which was empty since last few weeks or in which there are still owners with their stinky mess.

Don’t you get more assistance when you’re buying doughnuts? 🙂

Anyway, you are a solution oriented person.

Otherwise you wouldn’t be here, thinking about buying a villa in Croatia!

A looser, a person with no ambition think at max. about Croatia as a holiday destination.

And he will keep thinking forever:

 

I can’t invest, because balance on my account is always close to zero.

 

Coming back to you, if you don’t get information from the no-name private seller or the real estate agent, you search for information on your own.

Easy.

If you have enough time to make this kind of tour de Istria with agencies and no name sellers instead of contacting directly Candy Brick to present you investment properties branded Candy Brick, be ready for what you’ve just read above.

Be ready not only mentally 😉

You need to learn now how to use Geoportal and Cadastre 😉

2 online websites full of precious information!

 

Get important information about the property: who’s the owner, what’s its size in documents, is there a mortgage, are there other problems?

 

Real estate agencies, don’t check their offers the way they should.

You will have an impression that they take everything in their portfolios, just in case someone will be ready to buy it and pay them their commission.

As a consequence they recommend you to buy properties which are impossible to be sold or with serious problems, which requires extra capital or expertise competencies. All this you should know before the purchase, directly on the start, so you don’t loose your time.

 

This main problems are:

 

  • Multiple owners (I remember one property with 27 owners – yeah, yeah, go and lose 5 years of your life trying to find a deal with all this sellers, while some of them live all over the world, USA and Australia included);

 

  • Mortgage (not everyone is Stralciando – our company’s business partner with an expertise in helping debtors in Italy – that when sees a mortgage jumps with joy ;-). Mortgages are generally much higher than the price of the property. What’s more, there are many issues you can’t solve fast, cheap and with no years of experience);

 

  • Easements (like: there is a gas tube passing through your parcel or a water tube or your neighbour has a law to cross your garden to get to his place. That are also complicated cases and create you serious problems, especially when you want to sell the house again.  New buyer will be also looking at the easements suspiciously and with fear. As a consequence you will get much less money and the sale will surely last longer, than for the same villa, but with no easements).

 

 

How to buy property in Croatia? First, discover Geoportal ️- a map with information about parcels

 

No matter that you’re buying a house in Croatia, Geoportal, that you need to start your investigation, is not a map of houses! 😛

It shows you a map of lands!

However, the information about the land, gives you also information about the villa for sale, that is situated on that land.

Don’t worry 🙂 You don’t need to be geodesist to understand this (by the way, for more knowledge about land issues listen to Candy Brick podcast – EPISODE WITH AN EXPERT GEODESIST).

Follow the steps and you will see that it’s very easy to move on Geoportal’s maps on your own 🙂

1. You go on Geoportal

 

2. In left up corner type the city you want to zoom. Let’s type… Vodnjan! That’s a very nice village with an excellent barbecue meat in one of its restaurants 😉 Do you know which one I mean? 

 

 

You click the first option from the list VODNJAN and the map zooms automatically.

 

 

Then, you keep on clicking on the map to zoom it more.

Continue, until you can see numbers of each single piece of land (just like on the image under the next sentence).

IMPORTANT 

When you are here in Istria, and you are actually visiting places or villas for sale, then, remember your position. Once back home you will find where were you, on the map with the number! 🙂

And that feels like being a detective, don’t you agree? 🙂 

 

Now, on this screen, you’re in VODNJAN and let’s say you want to check house numbered:

1790/31

You’ll also need to know that the village of Vodnjan is under Cadastre in Pula (Katastarski ured).

Remember that, because now you will spy the situation of this house directly accessing data in Cadastre in Pula!

 

Time for Cadastre – detective level advanced 😉

 

Cadastre contains information about parcels, houses, owners and other information about each single piece of land or a land on which there is a house.

Most important Cadastres in Istria Croatia are in cities of Pula, Buje, Labin, Pazin, Rovinj and Porec.

Every single plot has its own number and it is associated to a certain Catastar (Katastarski ured).

Like plot 1790/31 in Vodnjan is under Pula.

When you want to know how to buy property in Croatia, then you need to learn how to use the online Cadastre.

 

1.Go on Cadastre website (www.katastar.hr/dgu/)

 

 

2. Write the name of the Cadastre in the red box (for the house we want to check it is “Pula”). Accept.

 

3. When you see this screen, click again on “Pula” as indicated:

 

 

4. You’ll get this:

 

 

1 is the name of the Cadastre office (Pula).

2 is the name of the village/city.

To fill up 2, click on the zoom symbol and this window pops up:

 

 

Write Vodnjan and click on the zoom symbol. Now you should get this screen:

 

 

Take now the plot number. That is 1790/31.

In the first box (“Broj“) write 1790, in the second box (“Podbroj“) write what’s after “/”, it’s 31.

Then, click “Trazi“, write the code and click “Potrvdi” to accept.

Lesson of Croatian for free 😉

 

 

Then, click here:

 

 

Write the CAPTCHA code and accept:

 

And here you are!!! BINGO!

 

 

Information about the owner, size, type of real estate, mortgage are IN YOUR HANDS:

 

 

downlaod this document

Please note, that this is an original copy100% real case and this property in Croatia has been selected accidentally on the Geoportal. It is just for studying propose.

 

Extracting juicy information from the Cadastre

 

In document you can read what type of real estate property it is and what its size is.

Here, in the analysing document, the type of real estate is ORANICA. And that means an agricultural land.

How can it be? There is a villa with pool on the terrain!

Yep, but villa is on terrain, it is not in the document.

Often the reason why it is so, is that the house owner did not get the usage permit.

But there can be also other reasons or simply delays in communication between the institutions (that could be the case of this house).

Then, you can see who are the owners.

In the document we downloaded there are 2 owners. One company and one private person.

Remember, more owners = more problems.

It’s simpler to deal with one company selling the villa, then with 3 private people. When you have more owners they will be always trying to move the responsibility to another owner if something happens.

Last part is talking about the story of the mortgage taken on that plot and it tells also if there are easements.

As you can see Cadastre gives you a FREE access to very powerful document.

 

With Geoportal and Cadastre you can get a lot of information decisive for purchase (or not) than in any real estate ad!!!

 

Do you agree with this statement? Let us now on: Candy Brick Facebook page.

 

Join the show

Want to know more on how to buy property in Croatia? Subscribe on our mailing list  and participate in the journey of real estate investing in Croatia. 

Leave you mail and name in this form:

http://eepurl.com/c9XEFj

10.12
2017

Where to buy investment property? Croatia (Candy Brick, Istria) vs Portugal (Algarve)

Before you start searching for a rental property for sale, decide WHERE to buy investment property.

 

In this article you will find comparison between 2 options – Candy Brick in Istria (Croatia) and Algarve (Portugal).

 

The choice between investment property Candy Brick in Croatia and buying a house in Portugal is simple.

 

Is buying an investment property about sunbathing at the pool, when tourists are out? No, don’t focus on that.

So, maybe it is about listening to your colleagues from job saying big “WOW” and then, after a deep breath, how much they wish they had a holiday home as you do??

No, it’s not about that!!!

Although investments are a journey (you have heard it in this video), when you search for a rental property for sale, think rationally and base your decision on numbers.

Focus on earnings that you will get from the property over time.

If you follow this advice, you will know where to buy investment property.

And you will enjoy your decision too, also sunbathing at the pool 😉

 

Time for numbers!

Let’s push Candy Brick in Istria (Croatia) and Algarve (Portugal) to the wall, so you know everything!

 

 

Overnight stays (this shows YOUR PAYING CLIENTS)

 

You have over 27.400.000 overnight stays in 2017 in Istria (Croatia). This are Candy Brick clients!

(The number of overnight stays is published month by month by the Istrian tourist board. You can easily monitor it here.)

 

 

Now, you need to see the number of overnight stays in Algarve.

Google, help!!

The first try didn’t work out well.

I found only old data and… and the most recent article was not very promising for an investor considering Algarve, when answering the question where to buy investment property.

That was an article about a large drop in the number of UK holidaymakers in Algarve.

Old data from Portugal makes you think that nobody truly cares about providing reliable information to investors, who want to check if Algarve can be called the best place to buy a holiday home abroad.

 

 

Let’s keep on searching using different words, limiting time frame. You need fresh batch of data!

Finally, you’re visiting the website of Statistics Portugal – that one should be the most valid one with updated information!

Wrong!

3 days ago (!!!) they published a document, which shows data on tourists arrival from… 2016!

OK, you don’t want to share with investors, who want to know where to buy investment property, data from 2017.

Then, we’ll make a usage of 2016 data: there were 18,1 mln overnight stays in Algarve in 2016.

(But, just tell me, how is that, that Istria releases official statistic data month by month??!).

 

Overnight stays: OVER 27,4 mln (Istria, Croatia) vs Algarve 18,1 mln (Algarve, Portugal)

 

The difference is huge, of almost 10.000.000 paid nights!!

It’s like you had almost 10.000.000 more occasions to rent your Candy Brick property in Istria (Croatia), than in Algarve.

Not bad at all, especially when investments are a “game” of numbers and experience. And with Candy Brick in Istria you have both 🙂

 

Another aspect to compare: AVERAGE BOOKING of almost 7 days (Istria, Croatia) vs 2,5 days (Algarve, Portugal)

 

You can’t know where to buy investment property, if you don’t know the average length of booking.

In practical terms (read: in $$$), while in Istria you pay for cleaning once a week or once in 2 weeks, in Algarve you pay 2-3 times a week.

Or you want people to stay in dirty rooms and dry up with used towels??!

Given the medium stay of less than 2,5 day, with a property in Algarve your fixed costs get higher and automatically you make less profit with you house.

At the same time, minimum bookings that you receive, as an owner of Candy Brick property in Istria, are guaranteed of 7 or 14 days.

 

Type of client who comes to Istria and Algarve and his spending possibilities.

 

If you have a couple of children, need to travel with a bag full of toys and a dog (sometimes with 2 and a cat too :)), travelling by plane gets just impossible.

You just choose a family-friendly place in the sun, that you can reach in few hours by your own car.

And this is Istria (Croatia), where Candy Brick villas are located.

Who spends here mostly time and book our villas? Families, mostly from Germany, one of the richest European nation.

Pictures illustrates the reasons why more than thousand words.

Distance by car from Germany to Pula, Istria (Croatia)

 

 

Family which booked your villa, leaves early morning, and they can have lunch at the terrace of your Candy Brick villa 😉

Distance by car from Germany to Faro, Algarve (Portugal):

 

 

6 days of exhausting travel with children and dog are just impossible for your villa clients who mostly have 14 days of holiday.

 

In fact, German holidaymakers prefer going to Istria (Croatia) with their families and not to Algarve.

 

Family friendly atmosphere

 

Istria is preferred destination by families, not only because its distance.

The second reason is that Istria is a truly family-friendly place offering high cultural activities.

This is what you get if you google “faro algarve party”

 

 

Young people (read: empty wallet), who book cheapest apartments on Airbnb or hostels in dormitory rooms.

And this is when you google “pula party”:

 

 

In almost all the pictures you can see Amfiteatar in Pula (Istria).

This place hosts concerts, theatre and other cultural events, which costs more than a single euro to enter in.

Such events attract a different than in Algavre type of client to Istria.

Families who come to Istria have high requirements for cultural activities and book accommodation in Candy Brick villas with pools and not in cheapest apartments or hostels.

 

Where to buy investment property: TIME FOR KNOCKOUT

 

 

Families, who come to Istria (Croatia) book mostly a very specific type of accommodation: villas with pools.

If you own a Candy Brick investment property, you target a yearly earning of 20.000 – 25.000 euro in a year, for years.

And tourists make bookings for your villa a year in advance! Often anticipating a part of total payment different months before the season!

What’s more, tourists book for 7 – 14 – 21 days, long periods. Rental, arrivals and departures are perfectly organised.

And no, Candy Brick property doesn’t cost 500.000 euro!!!! 🙂

And what about Algarve? Tourists stay mostly in hotels, holiday villages and holiday apartments.

They book rather last minute (younger and more flexible than in Istria tourists) and stay for 2,5 days in medium only.

Nobody will book your hotel room or an apartment on Airbnb a year in advance guaranteeing you 20.000 – 25.000 euro in a season!

 

Impossible in Algarve, but also very difficult if you buy a property from a no name sellers or via a real estate agents, who cares only about his commission in Istria!

 

5 Security Guarantees, which protects your interests to get 20.000 – 25.000 euro in a season

 

Candy Brick villas are the ONLY ONE covered by 5 Candy Brick Security Guarantees, which protects your interests.

With a purchase of a Candy Brick villa you enter a narrow circle of (9) privileged investors, who get:

  • Legal Guarantee
  • Quality Guarantee
  • Rental Guarantee
  • Local Master Team Guarantee
  • Exit Strategy Guarantee

Guarantees will be explained in next articles 🙂

Make sure you are on our mailing list: JOIN MAILING LIST

 

 

In the next articles you will also find comparison between Croatia and buying investment property in:

  • Italy
  • Spain
  • Greece
  • Cyprus
  • France