map of Eastern Europe
map of Bosnia & Herzegovina
& HERZEGOVINA TRAVEL INFORMATION
on buying Bosnia Property by Anthony Riley
Featured Hotels - Sarajevo
The good news is that a foreign
national does not need to ask for permission to purchase a property in
Bosnia and Herzegovina.
|The emerging property market
is similar to other developing countries with high end construction, and
Your estate agent operates
in a reasonably transparent and competitive market, given the newness of
the market; most agents only operate in the major town, handling mostly
residential sales along with apartment rentals.
Property valuation is not
regulated in Bosnia and Herzegovina, there is no national body offering
this service, so you’re Agent’s local knowledge of property and prices
will prove invaluable.
At this moment we are unaware
of any mortgage lenders in Bosnia and Herzegovina that will offer foreign
nationals finance to assist with property purchase.
It is easier to complete
a property purchase if you use the company route ,this will cost you around
€1000 in fees and an initial start up capital of €2000 Owning
a company then has a regular obligation of maintaining your accounts to
present to the tax authorities making life that little bit easier
In every case engage a trustworthy
lawyer, you will pay between 3-5 of the agreed selling price to the seller.
To be valid properties must
have been registered in the property books within the local courts. Properties
are also recorded in the local Cadaster (property map) which provides a
unified property and cadastral system. This property law has only just
been implemented, as property books are frequently out of date and many
property books were destroyed during the civil war.
|This is where your agent
comes into his own as it is his job to ensure that your property purchase
has a clean title deed.
Registration procedures allow
for a “subscription” which is a temporary registration of property rights,
pending authentication. Once this has been done, you are then obliged to
pay the seller of the property the balance of the money owed. (Because
of court backlogs it can take up to a year to get the property registered
and get title deed)
You will have to pay 6 property
tax and a 1 property tax payable!
At this moment there is no
Capital Gains Tax in Bosnia and Herzegovina for foreign nationals buying
and selling property.
As a foreign national you
can rent out your property in Bosnia and Herzegovina without any requirement
to obtain a rental licence from the authorities.
Sometime in the future Bosnia
and Herzegovina will become members of the European Community and when
it does the prices of property will be considerably more than they are
at the moment.
Featured Hotels - Sarajevo
About the Author: Anthony
Riley is a consultant to Globespan
European property portal. Please visit our estate agents directory
and this Bosnia
property buyer’s guide
browsing hotels in Sarajevo and surrounding areas
Offering comfortable accommodation
and convenient facilities, the Holiday Inn Sarajevo is an ideal place to
spend your relaxing vacation. The Holiday Inn Sarajevo is located
in the city centre opposite to the Land Museum. Local attractions include
the Zetra sports hall, Bascarsija, Bay's mosque, Vijecnica, Cathedral and
several others. The inn has 206 rooms that are well furnished and
equipped with modern amenities. Attentive room service is also available
for your convenience. You can dine at the onsite restaurant that
serves a variety of delicacies and later enjoy a drink at the bar.
This hotel is located in
Sarajevo. Bosmal City Centar, National Museum of Bosnia and Herzegovina,
and Ali Pasha's Mosque are local points of interest. Additional attractions
in the area include Eternal Flame. Dining options at Hotel Exclusive include
a restaurant. A complimentary breakfast is served daily. Recreational amenities
include a health club, a sauna, and a fitness facility. Spa amenities include
massage/treatment rooms and a hair salon. This 4.0-star property has a
business center and offers audio-visual equipment. Wireless Internet access
is available in public areas. The property has an airport shuttle, which
is complimentary. Additional property amenities include air conditioning
in public areas.
Hecco Hotel is three star
hotel located in the oldest part of town, only 300 m from Bascarsija.
Hotel has 28 rooms and 2 apartments all equipped to high world standards.
Every room has bathroom with a hair dryer, mini bar, TV with SAT and cable
programs, telephone, and internet connection which is free of charges for
Hotel's guests. The Hotel's architecture is adapted to Bosnian architecture
including postmodern elements. In the Hotel we also have a modern
restaurant and conference room, with all additional equipment. The most
important thing to say is that the prices of hotel are very affordable.
The price for one night includes overnight, breakfast, tax, insurance,
internet connection in rooms and parking place in a garage, in case you
are coming with a car.
This hotel is located close
to the airport. Attractions in the neighborhood include University of Sarajevo.
Additional attractions include National Museum of Bosnia and Herzegovina.
This property offers both all-inclusive and room-only rates. Meals and
beverages at on-site dining establishments, taxes, and gratuities are included
in all-inclusive rates. Charges may be applied for dining at some restaurants,
special dinners and dishes, some beverages, and other amenities. Dining
options at Hotel Italia include a restaurant and a bar/lounge. A complimentary
breakfast is served daily. This 2.5-star property offers small meeting
rooms, a technology helpdesk, and limo/town car service.