Are international laws relevant to real estate in Croatia?
The Stabilization and Accession Agreement (hereinafter: “SAA”) signed in 2001 between the European Communities and her Member States on one side and the Republic of Croatia on the other side, contains provisions regulating the Republic of Croatia obligation to abolish the condition of reciprocity for the land acquisition by non-residents (except for agricultural land) in four years time from its entry into force. The SAA came into force in February 2005. In December 2008, Croatia adopted Amendments to the LOOR according to which nationals of EU countries as of February 1, 2009 may acquire real estates in Croatia with no restrictions except for agricultural land and land of protected nature. Other foreign persons may acquire real estates providing that the reciprocity exists and subject to a consent by the Ministry of Justice.
