Sell Pre-Europe or Post

[investcroatia]

Wondering what your views are on selling a renovated property in Croatia pre europe or post europe?

My concerns are that the lack of capital gains tax after 3 years will no longer be valid IF Croatia joins Europe in the next few years. The gains may be better to sell without the requirement to pay capital gains tax prior to membership of europe.

Any views from other property owners/investors?

[propertymanagement]

Pre europe or post europe? I don't think there will be any changes in relation to property sales in Croatia once we join EU.

All the EU citizens are even now allowed to buy property in Croatia, so joining EU will not significantly change the market I would say.

The strongest impact on Croatian property market has a world / European economy. So, if you think the world economy will significantly improve in the next two years, then I would say it is better to wait.

Hope it helps!

[mambo]

I think you can consider yourself very lucky if you are able to make a profit at all in this market. In Istria I have seen houses for sale for 6 to 8 years, not a single buyer was willing to pay the asking price.
I agree that the world economy has a far greater impact than joining the EU. All the Croatian houses are bought with excess money. At the moment the EU citizens don't have that money anymore, so to whom do you want to sell your house ?
The odd Russian ?
If you can find him then time won't matter, some of them have money to burn and are still willing to spend it.

[investcroatia]

Thanks for your comments folks. For now I will be holding. Hopefully after EU entry we will see an improvement as regards to the ability to rent out properties and maybe , maybe the mountains of paperwork will become easier. Lets hope they don't adopt the Euro currency...