Thousand Socially Subsidised Flats to Be Built by 2021

Total Croatia News

ZAGREB, January 11, 2020 – More than 8,000 flats have been built through the socially subsidised housing programme (POS), an investment worth HRK 4 billion, and 1,000 new flats are to be built by the beginning of 2021, the Construction and Physical Planning Ministry announced on Friday.

The flats are to be built in the following locations: Zagreb, Zadar, Split, Trogir, Solin, Biograd na Moru, Bol, Cres, Krk, Kraljevica, Lovran, Osijek, Poreč, Vis and Vrsar. The maximum price can amount up to 1,319.64 euro per square metre.

Apart from the price per square metre, POS benefits include a credit line which allows a loan without a guarantor, with an average interest rate of less than three percent, minimal ancillary fees, and a repayment term of 30 years, or 31 years in case of a one-year grace period, announced the Ministry.

All Croatian citizens can apply to buy flats from the socially subsidised housing programme, but citizens who are not yet homeowners are given priority. All candidates must be creditworthy.

The Ministry notes that a ban on leasing or reselling flats from the POS programme which have not been paid off in full was introduced in the last bill of amendments to the Socially Subsidised Housing Construction Act in July last year in order to prevent misuse in the reselling and leasing of flats bought through the programme.

More news about housing in Croatia can be found in the Lifestyle section.


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