Tourist development project on island Kornati


Tourist development project on island Kornati

ABOUT KORNATI

The island is located in the Zadar archipelago (north Dalmatian insular group). The area of the island is 42 km2 (3,5 km long, up to 1.5 km wide, a coastline of 11.6 km, with the highest peak over 100 m of altitude. The island is mostly covered in lemur. The indented coastline’s largest bay is protected from the strong bora winds and serves as an anchorage point. The only village is located on the northern coast of the island. The economic foundation of the island is agriculture, winegrowing, olive-growing, farming, fishing, and tourism. The picturesque little community attracts devotees of peaceful vacationing, as well as fishermen and navigators.

 

Tourist development project on island Kornati 01 Tourist development project on island Kornati 02 Tourist development project on island Kornati 03 Tourist development project on island Kornati 04 Tourist development project on island Kornati 05

Tourist development project on island Kornati 06 Tourist development project on island Kornati 07 Tourist development project on island Kornati 08 Tourist development project on island Kornati 09 Tourist development project on island Kornati 10

Tourist development project on island Kornati 11 Tourist development project on island Kornati 12 Tourist development project on island Kornati 13 Tourist development project on island Kornati 14 Tourist development project on island Kornati 15

Tourist development project on island Kornati 16 Tourist development project on island Kornati 17 Tourist development project on island Kornati 18 Tourist development project on island Kornati 19 Tourist development project on island Kornati 20

DESCRIPTION

The possibility of building on the island

One of the most important advantages of this island compared to the other islands of the Adriatic Sea is the possibility of building on the Island. The regional plan for the city of Zadar allows development in the area of ZONE ( A, B, C ) :

ZONE A covers a total land area of approximately 80.000 m².
In zone A which is located in the bay on the North Western part of the Island permission has been granted for:
- Reconstruction of 18 existing buildings.
- Construction of a boutique hotel with 17 rooms and 2 suites.
- Construction of 39 new buildings for residential purposes.
- Construction of a 50 berth Marina and associated facilities.
- Development of public utilities and a transport infrastructure including a heliport.
- Development of coastal walkways and the construction of the supporting facilities.

ZONE B covers a total land area of approximately 350.000m².
Zone B consists of agricultural farmland near zone A. According to the regional planning permission has been granted for a development of family farms for building and the land planted with crops (olive groves, vineyards, etc.).

ZONE C covers a total land area of approximately 30.000 m².
In Zone C which is located in the bay on the southeast side of the island permission has been granted for:
- Restoration and renovation of the castle for tourism and hospitality purposes.
- The development with its concession and anchorage for up to a maximum of 100 berths

I. CONCEPT 1a & 1b ZONE A

Concept 1a. The plan envisages construction in zone A in a construction zone, partly in agricultural zone and forest zone for tourism purposes. Will be built eco-tourist village high class with 450 beds in the hotel. and freestanding villas-apartments (51 objects), a restaurant, a beach bar, skipper bar, shops, a spa, sports and recreation facilities and infrastructure. With the hotel will be built port for boat connection with the land and marina with up to 50 moorings. Infrastructure facilities (biological wastewater treatment, drinking water supply, waste disposal, maintenance ), except from the mainland, will be updated electricity and water obtained on the island from renewable sources (photovoltaic panels, water resources, rainwater, etc.). Upon completion of the project, the boutique hotel, and sports, catering facilities will provide long-term rentals, the hotel and marina management will be taken over by the company owner and the holder of the government concession, which is owned by investor.

Concept 1b. The concept envisages construction in zone A in a construction zone partially in the agricultural zone and the forest zone for residential and tourism purposes. The plan envisages construction of an eco-residential and tourist high class village with 120 beds in hotel and freestanding villas-apartments (12), a restaurant, a beach bar, skipper bar, shops, a spa, sports and recreation facilities and infrastructure. Marina with 50 berths and infrastructure as well as the Concept 1a. In the residential part will be constructed new villa-apartments (up to 39 houses) for sale. The hotel manager may, with the consent of the owner, accommodate guests in private facilities when they are not in use, thus increasing the hotel capacity and the owners can enjoy a higher return on their investment.

BROKER - Your real estate partner in Croatia
tel:++385 21 541 000, fax:++385 21 541 008

Name
E-mail
Phone
Message


Return to main Investments page


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.