You Can Now Buy A House In Croatia For Just $0.21

buy house legrad croatia

Let’s face it. Unless you sell your business for a matzah and have a ranking on the AFR Rich List, property in Australia – particularly here in Sydney – isn’t becoming any more accessible. What’s an honest battler to do in this economy? If relocating to Croatia isn’t too far of a stretch, the answer is to buy a house for just a single kuna ($0.21), and kick back for a few years.

Similar to the Sicilian town of Bivona, which was also giving away countryside pads for a buck right before COVID-19, Legrad was a once-bustling locale – formerly Croatia’s second largest population centre, in fact. Sadly, it has been knocked on its ass by residents migrating en masse. Numbers have dwindled to a rather sparse 2,250 inhabitants as of June 2021.

According to Reuters, Legrad has been experiencing a steady decline ever since the disintegration of the Austro-Hungarian empire a century ago when “new borders left it sidelined.” In short, Legrad became a border town without that many transport connections to other places.

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In addition to these basement bargains, the municipality of Legrad will also pay 25,000 kuna ($5,270) towards any refurbishments that’ll be needed, given the state of some places being offered; new residents thinking about getting their foot in the market by snagging other privately-owned homes in the town that cost a little more than one kuna are eligible for a 20% discount (up to 35,000 kuna / $7,380).

There are, however, a few conditions:

  • Individuals or couples looking to purchase and settle down in Legrad must be under the age of 40
  • Individuals or couples looking to purchase and settle down in Legrad must be financially solvent
  • And here’s the real kicker… if you cop a set a keys, be prepared to commit to a minimum residency period of 15 years

If none of those terms are a deal breaker, and the prospect of working remotely isn’t particularly bothersome either, you can say zdravo to your new home.

buy house legrad croatia
Ready to pull the trigger and buy a house in Legrad, Croatia?