Conversion of apartments into flats
Increase property value and reduce costs
In the last few years, more residential units have been sold as business premises – apartments (approx. 600 units in the city of Zagreb, with the announcement of new ones). This detail is important because of its negative effects:
1. Higher utility costs, especially utility fees
2. It is more difficult to sell business premises apartments – flats later, since they cannot be financed with a housing loan (defined by the Law on Housing Consumer Lending – Article 3)
3. It is not possible to claim a refund of half of the VAT for the purchase of the first property since it is not a residential unit (according to the land registry)
We offer a solution for converting business premises – apartments into apartments in order to mitigate these negative effects and increase the value of your residential unit.
