Real Estate in Istria, Croatia
Last updated on Jul 09, 2024
Summary: People living in Istria, Croatia offer advice about real estate. How do you find a home in Istria? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Istria?
"A typical expat home or apartment in Istria, is often located in coastal towns or picturesque inland villages. These homes usually offer a blend of traditional Croatian architecture and modern amenities. They often feature stone walls, terracotta roofs, and spacious interiors with high ceilings. Many homes have large windows to take advantage of the natural light and beautiful views of the Adriatic Sea or surrounding countryside. The interiors are usually furnished with a mix of contemporary and traditional Croatian furniture. The living areas are spacious, often with open-plan designs that include a dining area and a comfortable lounge. The kitchens are typically modern, equipped with up-to-date appliances and ample storage space. Bedrooms in these homes are usually large and airy, often with en-suite bathrooms. Many homes also have outdoor spaces such as balconies, terraces, or gardens, perfect for enjoying the Mediterranean climate. Some expat homes, particularly those located on the coast, may also have a swimming pool or direct access to a beach. Despite the traditional exterior, these homes often come with modern conveniences such as air conditioning, central heating, and high-speed internet - essentials for many expats. The location of these homes also means that shops, restaurants, and other amenities are usually within easy reach. In summary, a typical expat home in Istria offers a comfortable and convenient living space that combines the charm of Croatian architecture with the comforts of modern living," explained one person living in Istria, Croatia.
What is the average cost of housing in Istria?
If you are thinking about moving to Istria, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Istria can vary greatly depending on the location and type of property. For instance, in more rural areas, you might find houses for a lower price, while properties in popular tourist destinations or larger cities can be significantly more expensive. On average, you could expect to pay around a few hundred thousand euros for a house. Apartments can be cheaper, with prices often ranging from tens of thousands to a few hundred thousand euros. However, these are just averages and actual prices can be lower or higher," remarked one foreigner who made the move to Istria.
Should I buy or rent a home in Istria?
If you have not spent a lot of time in Istria, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Istria, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Istria for a long time, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. On the other hand, if you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting offers more flexibility and less responsibility for maintenance and repairs. It also requires less upfront capital than buying a home. Consider the local real estate market as well. If property prices are high and continue to rise, buying a home could be a good investment. However, if the market is volatile or if prices are falling, it might be safer to rent. Also, consider the lifestyle you want to lead. Owning a home often comes with additional responsibilities like maintenance and repairs, which can take up time and money. If you prefer a more carefree lifestyle, or if you travel frequently, renting might be more suitable. Lastly, consider your financial situation. Buying a home requires a significant upfront investment and ongoing costs like mortgage payments, property taxes, and insurance. Make sure you have a stable income and enough savings to cover these costs before deciding to buy a home. In conclusion, both buying and renting a home in Istria, Croatia, have their pros and cons. It's important to carefully consider your personal circumstances, financial situation, and long-term plans before making a decision," said one expat who made the move to Istria.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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