Croatia, Brac - House with the possibility of upgrading, for sale
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A 3-storey house situated on the island of Brac, with a permit for building an addtional floor. The house is finished on the outside, but is unfinished on the inside. It is of the surface of 160 sq m (living area), without the attic. There is a garage. There are water and electricity connections. The house is covered with the famous stone from Brac. There is no sea-view, the sea is approx. 400 m away. The land plot is of the surface of 600 sq m.
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
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.