Can't sell - Can't buy!

[Ribaric]

I stayed in a flat in Zagreb last week, it's owned by a friend. It is one of seven in a 200+ year old (she tells me) building behind the Captol building just up from Jelacic square.

The building is barely habitable but it is in a prime location and is perfect for renovation into something very expensive. Here's the rub:- 6 of the seven "owners" cannot trace all the "sub" owners and have been waiting, so far, for 3 years for some kind of formal ministerial permission to become the "proper" and sole owners. Until then, they can't sell because none of the interested property speculators will buy unless the titles are clean.

The end result, the building crumbles and nothing looks likely to happen. There seems to be nothing dodgy about anyone involved but they they cannot sell or buy.

I know there is a new national "electronic register" being developed, does anyone know it's current status?

[huegus]

till the end of this year will be finished, says my Nekretnine.

[Ribaric]

I hate to admit it Als but I'm coming round to your view. The upshot of this is that I'll probably have to leave when my 3 months is up, either that or start this coming-and-going malarkey across borders. I'm renting in Varazdin and quite like the place but it's getting just too difficult to get any sense of security. I find it irritating because, financially, I take nothing from Croatia and most of my (foreign earned) income is spent here.

[valiant]

alsdoubles is correct.
realestate in croatia is a mess like all else. ive personally seen a block of land with 117 owners. now figure that out.

[elaine]

That seems about right!!!

[Ribaric]

There´s a certain amount of realignment of expectations going on over here in ribaric land, not sure I can do this, it seems that uncertanty is the only certainty. Hmmm