Luxury apartments in Split, Croatia - property worth investing

From the year 2013. till present day city of Split in Croatia is experiencing a rapid growth of tourists arrivals and overnight stays, thus an increase in demand for accommodation units. This has all influenced a positive investment climate in central Dalmatia, especially in the Split center. When we talk about center of Split then we are including following areas of Split: old town referring to Diocletian Palace, Varos, Radunica and beautiful and exclusive areas just next to the mentioned ones, such as Marjan, Meje, Manus and Bacvice.

Luxury apartments in Split


These are all places where you can freely invest in real estates, referring to apartments, accommodation, and hotels. The ROI is very good and always depending on quality management and diverse offer of the property. If you want to invest through tourism and return an investment through touristic lease now is the best time to do it. We have in our offer luxury apartments in Split for sale, already renovated or for a renovation where you can make an apartment based on your desire and wishes. The real estate market in the center of Split is very vivid at this moment. A lot of foreign buyers that want to have an apartment for renting and having a place to stay for a few weeks when on a vacation in Croatia. Nevertheless, even local business people tend to buy luxury apartments in the center of Split with a plan of renting it for tourism for few years with an option to rent it later for longer periods. Few advises when you decide to buy an apartment in the Split center: set your budget, contact a reliable agency that will get you familiar with a market situation and current prices, be open-minded to see as many places you can to get a bigger picture of the real estates that are for sale. All of this can save you time and money, as a quality real estate agent will guide you from beginning to the end of the sale process, always having on the mind and respecting in a good manner, clients wishes and needs.


The prices in the Split center and near area, because of its attractive location, can go from 2800-5000 Eur per sqm and even more in some specific positions. Also, in  2018. when considering the influence of banking trends, there are lower interest rates on property loans, on one hand, and also lower interest on savings, on the other hand. Lastly, it turned out that buying and renting real estate was more cost-effective than saving money.


What makes the city of Split so attractive for investment or for living is its exceptional position in a centre of Dalmatia and its easy connection to all beautiful islands (Brac, Hvar, Solta, Vis, Korcula ect.), nice climate, a lot of sunny days, delicious Mediterranean cuisine, which make it a heaven on gastronomy and easy way of living.

 

Added: 02.11.2018.

Category: CROATIA REAL ESTATE NEWS

 
ABOUT AUTHOR
Broker real estate agency

Zrinka Buljan is a graduate jurist who has perfectly found herself in the dynamics of the real estate market atmosphere. With an open and tolerant attitude to work she creates the opportunity to be an ambitious and clear girl with intelligent decisions and quick reactions, always offering a number of different solutions. Zrinka enjoys her daily activities and feels that a good job is a done job.


FAQ

These are questions and answers on some frequently asked questions about real estate in Croatia, for any other questions feel free to contact us or come to our office and we will be glad to help you.

1. Can foreign nationals buy real estate in Croatia?

Foreign nationals belonging to EU Member States can purchase real estate in the same way as Croatian nationals. Foreign nationals belonging to non-EU countries can purchase real estate in Croatia with cumulatively fulfilled two conditions: reciprocity agreement with the Republic of Croatia and consent of the Ministry of Justice.

2. What is the real estate tax in the Republic of Croatia?

The Republic of Croatia has a unique real estate tax rate of 3%. The amount of tax is determined on the basis of the price from the contract of sale and the assessment of the competent tax administration. According to the law, the buyer pays tax on the received solution only once.

3. What is the tax on real estate swap?

The tax is also 3%, so each property owner pays 3% of the estimated value of the property for the new property when swapping.

4. In what time span real estate sales tax must be paid?

The tax liability arises at the time of the conclusion of the contract or other legal transaction that acquires the real estate. The notary is obliged to submit one copy of the document to the Tax Administration within 30 days from the signature on the sale documents. The taxpayer is obliged to pay the determined tax within 15 days from the delivery of the decision on determining the real estate sales tax.

5. What is a down payment and how much is it?

A down payment is an insurance that the buyer pays to the seller as a sign that the contract has been concluded and a certainty that the obligation will be fulfilled. In practice, the down payment is given on the Pre-contract and is usually 10% of the agreed purchase price. In case of fulfillment of the contract, the down payment is calculated in the total amount of the agreed purchase price.

6. Can the amount of real estate purchase be paid in foreign currency?

In principle, no. Every sale in the Republic of Croatia must be paid in HRK. If a foreign currency payment is made, the bank will convert to HRK.

7. Is it possible to conclude and certify a contract of real estate sale abroad?

Yes, if it is a citizen of the Republic of Croatia then it is best to certify the contract with our diplomatic mission. If it is a foreign national then with the notarization of the purchase contract with a public notary, the Apostille of public document issued in that state is required.