Property investment laws relaxed in Croatia

Property buyers in the UK who have considered making an international money transfer on a Croatian property may have previously been deterred by stringent laws that meant they had to receive permission to do so.

However, changes were implemented in February this year that have meant that those wanting to invest in Croatia's property market can now do so more easily.

According to Meri Matesic, director of the Croatian National Tourist Office for the UK and Ireland, foreigners can now buy a Croatian property in the same way as nationals.

"You can buy now, just come and buy; you don't have to register any company in Croatia or anything. You can simply come and say: 'I want to buy this house' and you can register it in your name," she said.

This may be good news for investors looking to make an international money transfer on a property in the country, with Ms Matesic adding that the Croatian property market is "great, compared to Britain".

Last year, the Jet-to-Let Magazine Annual Conference found that many Britons were shrugging off the credit crunch and continuing to invest in foreign property, with 98 per cent of people favouring foreign currency mortgages.