Croatia, Brac - Stone house for reconstruction, island of Brac

Ref. : 2022/17 - House / Villa / Land plot - Sold
Selling price: 95.000 €
Living space: 24 Land space: 756 Rooms: 1 Distance from sea: 58 m
Number of floors: 1
  • Sea view
  • Parking
  • Stone house
  • It has an Energy Certificate

This lovely small stone house mediterranean style is located close to town of Milna.

The gross area is 24 m2, 6x4. Land is 756 m2. The property is 35 meters from the sea. The house is 58 meters from the sea.
Six years ago in front of the house were planted 27 olive trees.

The house is legalized. All regular documents, ownership 1/1.

It may be required to build auxiliary building of approximately 40m2. The building could then be 66 m2. Ideal for an apartment in the olive grove, 35 meters from the sea.

The bay is very calm. Ideal for holidays. There is small path to the sea. Around the whole plot are stone walls.

The house has no infrastructure. There is no water or electricity, but it's possible to solve it with small photovoltaics system and a water tank.
Public water supply and electricity networks exist in the neighboring bay and is only a matter of time when the installation will be carried out to property.

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.