Recommendations for Those Who Want to Buy a House In: “Bosnia and Herzegovina: the Pearl of the Balkans”
Sarajevo in a Nutshell
Sarajevo is the capital and the largest city of Bosnia and Herzegovina, located in the southeastern part of Europe. The city is one of Europe’s richest cities in terms of history and culture with a population of approximately 600,000. It is home to many historical beauties as well as having a lush geography with nature.
EU Membership Procedure of Bosnia and Herzegovina
Bosnia and Herzegovina’s application for full membership of the European Union was accepted on 20 September 2016. It was stated by the European Union that Bosnia and Herzegovina fulfilled the criteria for acceptance of the application for membership. After this acceptance, the European Commission sent a detailed questionnaire to Bosnia and Herzegovina to complete the preparations. As a result of this survey, the situation and the road map will be determined. When we look at the procedure in general, we can say that Bosnia and Herzegovina entered the last corner for EU membership. It seems that maybe the year of 2018-2019 will open the way for EU membership for the Bosniaks, which will be a totally new page for them.
Why Should I Buy a House from Sarajevo?
5 Major Reasons to Prefer Sarajevo
- It’s easy to travel to other European countries because it’s located in Europe.
- Bosnia and Herzegovina’s accession to the European Union will make the investment even more valued. Given that property prices in Romania and Bulgaria have doubled since their EU entry, we can easily anticipate that Bosnia will be a very profitable investment.
- The fact that Bosnia and Herzegovina is a Muslim country and it provides an easy access to halal food makes it possible for you to continue living your own culture easily.
- The fact that Sarajevo is nested with nature and it is a city rich in culture.
- The Bosnian cuisine offers many delicious flavors and prices are very affordable for dining out.
What Should Foreign Investors Who Want to Buy a House from Sarajevo Pay Attention To?
Here are a few tips you need to take into account when you want to buy a home from Sarajevo!
It would be useful to prefer central locations. It is beneficial to check the distances of the houses to the places you use to meet your daily needs such as public transportation, cafes and restaurants, mosques, shopping centers and others before you buy a house.
When the house is integrated with local life, it can bring local buyers along with foreign ones if you want to sell your house in the future.
Another important aspect to consider is that the roads that provide access to your home should be wide enough and close to the main lines. This will be especially helpful for the access problems that you might encounter in winter.
One more thing to note when buying a house in Sarajevo is the infrastructure of it. Although it seems simple, some projects may not have sewage connections and because of this you may encounter problems that you won’t enjoy at all. Likewise, it is vital that natural gas, electricity and water connections are seamless.
Don’t Get Fooled While Trying to Buy Cheap a Home!
With the increasing demand thanks to the advantages and beauty of Bosnia, both buyers and contractors have set their sights on Bosnia. However, this demand unfortunately brings malicious companies to the market too. Let’s mention some important points in this sense.
There are some construction companies that compromise on quality while achieving a price advantage as well as there are several projects that are still in the form of land and have risks of never being completed.
First of all, the identity of the companies that manage the projects is very important. There are many poor quality, cost reduction oriented projects built by companies with no experience in construction industry or even by subcontractors! For this reason, companies’ past projects, the materials they use, and their experiences in the construction industry are important points to keep in mind when buying houses.
Another important point is that projects sold at abnormal prices as land might never be finished. Avoid buying houses from projects that have just prepared the 3D images on paper and have not started construction, as you can be cheated at this stage. Some foreign investors are swindled by being promised that the construction stages will begin later and that’s the reason why the prices are really reasonable. They believe and buy it as a land only to realize later that the construction will never start.
To sum up, it’s obvious that everyone wants affordable prices when buying a house. But in addition to affordable prices, it’s crucial to choose quality, safe and well-established companies for your own good.