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Guide for Canadians Buying Property in Croatia

Croatia Places

Are you looking to buy a property in Croatia? Here are some of the steps involved in purchasing property in Croatia.  

Croatia is a beautiful country with a lot to offer. The Mediterranean climate means that summers are warm and sunny, while winters are mild. It has perfect weather for spending time outdoors enjoying the natural beauty of the country. With so much to see and do, it's no wonder Canadians are increasingly interested in purchasing property in Croatia.

Why Buy Property in Croatia?

  1. Croatia has become an increasingly popular destination for foreign buyers in recent years, due to its stunning Adriatic coastline.
  2. Croatia offers a great quality of life, with a relaxed Mediterranean lifestyle and plenty of opportunities to enjoy the outdoors.
  3. The cost of living in Croatia is relatively low compared to other European countries.

The Cost of Buying Property in Croatia 

The real estate cost in Croatia has been steadily increasing in recent years, but there are still some good deals to be found if you know where to look. In popular tourist areas, prices will be higher than the rest of the country. However, it's important to note that there are other associated costs such as stamp duty (3%) and legal fees that must be considered for property purchase.

Factors to Consider when Buying Property in Croatia

If you're looking to purchase real estate in Croatia, there are a few important factors to consider.

  • Research the real estate market in Croatia thoroughly.
  • You need to obtain a residence permit. Once you have your residence permit, you can purchase real estate in Croatia
  • Get insurance for your property in Croatia, especially if you are not planning on living there full-time. This will protect you in case of any damage or accidents.
  • Be prepared to negotiate when buying a property in Croatia—it may help you get the best price possible for your new home.

Best Places in Croatia to Buy a Property

Here are some of the best places enlisted below to buy property in Croatia. With so many great options available, you're sure to find the perfect spot for you.




It is one of the most popular tourist destinations in Croatia, and also a great place to buy property, including a variety of properties available, from historic homes to modern apartments..


Istria is a beautiful region in Croatia that's perfect for those who want to buy a home/ apartment near the beach. The region has many different types of properties available, from small apartments to large villas. You'll find plenty of options in Istria.



Zagreb is Croatia's capital and a great place to buy property. The city has a wide variety of properties available, from apartments to houses. You'll find plenty of options in Zagreb.


Split is another popular tourist destination in Croatia. The city of Split has a wide variety of properties available, from apartments to houses. You'll find plenty of options in Split.



Rovinj is a beautiful town that's perfect for those who want to buy property near the beach with a variety of properties available, from small apartments to large villas. You'll find plenty of options in Rovinj.

A Brief Guide for Buying a Property in Croatia

If you're considering purchasing a property in Croatia, following these steps will help you navigate the process with ease.

  1. It is important to find a reputable real estate agent who can help you navigate the market.
  2. Before looking at properties, you'll need to get your finances in order by getting pre-approved for a loan and having a down payment saved up.
  3. Once you've found the perfect property, your real estate agent will help you negotiate a fair price with the seller.
  4. After your offer is accepted, it's time to close on the property. This process can take a few weeks to complete.

How to Pay for a Property Purchase in Croatia? 

To pay for your property in Croatia, it is essential to be aware of the currency used in Croatia and how you can convert your currency. On January 1, 2023, Croatia will introduce the Euro as its official currency, replacing the Kuna. You must always make payments with it according to law; whether you're buying something as an individual private citizen/business owner- This means you have to convert Canadian Dollars (CAD) into Euro. Exchange rates may fluctuate, so we must keep up by following trends and securing the best deal possible.

How to Get the Best Exchange Rate?

When buying property, it is essential to consider the exchange rate between two countries. This is because if the exchange rate is high, it will take more money to buy a property in that country than if the exchange rate is low. So, if you are thinking of buying a property in a foreign country, it is important to keep track of the exchange rate and make sure that you are getting a good deal. However, it is vital to stay informed about the EUR/CAD exchange rate while buying property in Croatia.

Ways to Buy Property in Croatia as a Canadian

To choose the best method for your payment, you must know about several ways to pay for property purchases. Here are some ways to transfer money overseas:

  • Bank Transfer - This can be a traditional option. However, Banks typically charge terrible exchange rates and high fees for international transfers.
  • Money Service Provider - The most secure option is to use a money transfer service such as MTFX which offers competitive rates and doesn't charge hidden fees.

Can I Use my Bank to Convert Canadian Dollars to Euros?

There are a few reasons why banks are not a good choice for currency conversions and money transfers when buying a property in Croatia.

  1. They charge high fees for international transfers.
  2. Additionally, the exchange rates offered by banks are not very competitive.
  3. The process of transferring money through a bank can be slow.
  4. Bank transfers can be unreliable, with transactions sometimes being canceled or delayed.

Why Choose MTFX?

MTFX is a good choice for transferring money overseas due to these reasons.

  1. They offer competitive rates and have a variety of transferring options to choose from and help you save up to 2-5% on your exchange rates.
  2. This money transfer service takes only 24-48 hours to complete your transaction.
  3. MTFX provides exceptional customer service and is always available to help with any questions or concerns.
  4. They provide historical rates, so you can monitor where the market is heading and make informed decisions. Also, you can set up rate alerts, so you'll be notified when the rate hits your desired level.
get the best exchange rates with MTFX

Purchasing property in Croatia can be a great investment, but keep in mind that the closing costs, including currency conversions, can be high if you are using your bank. However, by using an online service provider like MTFX, you can get the best possible exchange rate and save money on your purchase. Additionally, MTFX experts can help you with any currency-related needs you may have, such as sending money or making payments on your Croatian property. 

Contact MTFX today to learn more about how we can help you purchase a home in Croatia.


Guide for Canadians Buying Property in Croatia – FAQs


Is buying a property in Croatia a good investment?

Yes, buying a property in Croatia is definitely a good investment. The country has so much to offer in terms of natural beauty, culture, and history, making it an ideal place to purchase a vacation home or rental property. Not only will you be able to enjoy all that Croatia has to offer you, but you'll also be able to generate a healthy return on your investment.

Can Canadian citizens buy property in Croatia?

Yes, Canadian citizens can buy property in Croatia. However, they must obtain consent for the purchase of a real estate in the Republic of Croatia from the Ministry of Justice of the Republic in order to do so. Foreigners from the European Union may purchase real estate in the Republic of Croatia under the same conditions as nationals of the Republic of Croatia.

Is Croatia a good place to retire?

To retire in Croatia, you must have a valid passport, a Croatian retirement visa, and proof of financial self-sufficiency. You will also need to show proof of health insurance. Once you have obtained a temporary residence permit, you can apply for a permanent residence permit.

Is Croatia a safe country to live?

Croatia is ranked 15th out of 163 countries on the Global Peace Index. This means that it is safer than most other places in the world. Indicators include the number of violent crimes and the level of political instability. In all of these areas, Croatia scores relatively well, which makes it a good choice for those who are looking for a safe place to live.

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