What do I need to know when buying property in Bosnia & Herzegovina?
When we asked expats what advice they would give a foreigner before buying a property in Bosnia & Herzegovina, they said...
"1. It is important to research the local laws and regulations regarding property ownership in Bosnia & Herzegovina before making any purchase. 2. It is also important to ensure that the property is legally registered and that all necessary documents are in order. 3. It is advisable to hire a local lawyer to assist with the purchase process and to ensure that all legal requirements are met. 4. It is important to be aware of the local tax laws and to ensure that all taxes are paid in a timely manner. 5. It is also important to be aware of any restrictions on foreign ownership of property in Bosnia & Herzegovina. 6. It is advisable to obtain a survey of the property before making any purchase to ensure that it is in good condition and that there are no hidden defects. 7. It is important to be aware of any potential risks associated with the purchase of property in Bosnia & Herzegovina, such as political instability or natural disasters. 8. It is also important to be aware of any potential environmental risks associated with the property, such as contamination or flooding," remarked another expat in Bosnia & Herzegovina.
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What do I need to know when buying property in Bosnia & Herzegovina?
If you live in Bosnia & Herzegovina, newcomers to Bosnia & Herzegovina would love to hear your answer to this question: