Croatia, Brac - House for renovation, for sale

Ref. : 2021/92 - House / Villa - Sold
Selling price: 255.000 €
Living space: 252 Land space: 735 Rooms: 4 Bathrooms: 4 Distance from sea: 100 m
  • Sea view
  • Parking
  • It has an Energy Certificate

Future modern villa, located in a very attractive location on the island of Brač.

The main project with the reconstruction of the existing facility with paid utilities was made. The villa is designed to have each room (4) with a minimum of 20 m2 and a 5m2 bathroom, which meets the criteria for 4 stars.

The current facility is located in a unique location and has a beautiful view of the sea both from the land itself and from the terraces on the ground floor, and given its location in the area, the view can not be lost.

It consists of: ground floor, first floor and unmade attic, total living space of 252m2 + terrace. Located on a plot of 735 m2 (with a swimming pool of 40 m2 - in the main project).

With a wonderful large terrace, there is a fantastic view of the sea, the islands and the pine forests. Sidebar pergola - Fantastically designed with summer kitchen is a place for a whole family's enjoyment. Ownership neat, without mortgages.

Location description
Brac (pronounced [brâːtʃ]; local Chakavian: Broc, pronounced [broːts]; Latin: Bretia, Brattia; Italian: Brazza) is an island in the Adriatic Sea within Croatia, with an area of 396 square kilometres (153 sq mi),[1] making it the largest island in Dalmatia, and the third largest in the Adriatic. Click for more
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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 EURO. If a foreign currency payment is made, the bank will convert it to EURO.

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.