Guide for Canadians Buying Property in Croatia


Dubrovnik, Croatia


Are you currently considering the prospect of purchasing property in Croatia? If so, embarking on this exciting journey involves a series of essential steps that you should be familiar with. Let MTFX lead you through vital steps in obtaining Croatian real estate, ensuring your preparation and comprehensive understanding of the process.

Croatia, a picturesque nation brimming with attractions, boasts a Mediterranean climate that gifts warm, sun-kissed summers and gentle winters. This delightful weather welcomes nature lovers to enjoy the country's beauty. With countless attractions and activities, it's no surprise that more and more Canadians are drawn to the idea of buying property in Croatia.

Why buy property in Croatia?

You can buy property in Croatia for the following reasons:

Croatia has become an increasingly popular destination for foreign buyers in recent years, due to its stunning Adriatic coastline.

Croatia offers a great quality of life, with a relaxed Mediterranean lifestyle and plenty of opportunities to enjoy the outdoors.

The cost of living in Croatia is relatively low compared to other European countries.

The cost of buying property in Croatia 

Real estate prices in Croatia have been on a gradual rise in recent times, yet opportunities for favorable deals remain for those who know where to search. In well-liked tourist regions, prices tend to be higher compared to other parts of the country. It's crucial to remember that additional expenses like a 3% stamp duty and legal fees are part of the property purchase equation.

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 for purchasing property in Croatia

Below, you'll find a list of some of the finest locations to consider when buying property in Croatia. With a variety of excellent choices at your fingertips, you're bound to discover the ideal spot that suits you perfectly.


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, a stunning region in Croatia, stands as an ideal choice for those seeking to purchase a home or apartment by the beach. With a rich variety of property options, ranging from cozy apartments to expansive villas, Istria caters to diverse preferences.


Zagreb, Croatia's capital, presents an excellent opportunity for property investment. The city offers a diverse range of properties, from apartments to houses, ensuring ample choices to suit your preferences. In Zagreb, you'll discover a great number of options awaiting your consideration.


Split, another highly sought-after tourist destination in Croatia, presents a vibrant opportunity. The city boasts a diverse range of available properties, ranging from apartments to houses, offering ample choices to consider.


Rovinj, a picturesque town, holds immense appeal for individuals seeking property near the beach. The town offers a list of property options, spanning from cozy apartments to expansive villas. In Rovinj, a wealth of choices awaits those considering property investments.

A brief guide for buying a property in Croatia

If you're contemplating buying a property in Croatia, these steps will assist you in navigating the process smoothly.

It is important to find a reputable real estate agent who can help you navigate the market.

Before property hunting, it's essential to organize your finances by securing loan pre-approval and setting aside a down payment.

Once you've found the perfect property, your real estate agent will help you negotiate a fair price with the seller.

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 cover the costs of your property in Croatia, it's crucial to understand the local currency and its conversion process. Croatia adopted the Euro as its official currency on January 1, 2023, replacing the Kuna. It's imperative to adhere to legal requirements when making payments, whether you're an individual private citizen or a business owner. This means you have to convert Canadian Dollars (CAD) into euros. Given the fluctuating nature of exchange rates, it's essential to stay updated with trends and aim to secure the best possible deal.

How to get the best exchange rate?

When purchasing property, factoring in the exchange rate between two countries is vital. A higher exchange rate means you'll need more funds to buy property in that country compared to a lower exchange rate. If you're considering foreign property investment, closely monitoring exchange rates ensures you secure a favorable 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.

They charge high fees for international transfers.

Additionally, the exchange rates offered by banks are not very competitive.

The process of transferring money through a bank can be slow.

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.

They offer competitive rates and have a variety of transferring options to choose from and help you save up to 3-5% on your exchange rates.

This money transfer service takes only 24-48 hours to complete your transaction.

MTFX provides exceptional customer service and is always available to help with any questions or concerns.

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.

Looking to Buy Property In Croatia?


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 rates 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.

Open an account today and enjoy competitive exchange rates, low transfer fees, and quick, easy international money transfers.

Guide for Canadians buying property in Croatia – FAQs

Is buying a property in Croatia a good investment?

Yes, buying a property in Croatia is 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 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 in?

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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