Croatia, Ciovo - Apartments in new building

Ref. : 2035/02 - Apartment - For Sale
Selling price: 130.000 €
Living space: 58 Rooms: 2 Bathrooms: 2 Distance from sea: 250 m
  • Swimming pool
  • Sea view
  • Parking
  • Garage
  • New build
  • It has an Energy Certificate

The new smaller apartment building with 11 apartments on the south side of the island of Čiovo, is surrounded by newly built modern buildings. It is located in a quiet neighborhood, and a very good access road leads to it.

It consists of a basement in which the garage is located, while the remaining 4 floors have 11 apartments.

Each apartment has one outdoor parking space, and there are 9 garage spaces on offer, each at a price of € 15,000.
The building also has a swimming pool and an elevator which are shared.

All necessary facilities such as a school, shops and cafes are within a radius of 600 m, and the airport is only 9 km away.
Completion of construction is scheduled for December 2022.

• two bedroom apartment 58 m2 + terrace 7.40 m2
• price: 130 000 €

• two bedroom apartment 58 m2 + terrace 24.85 m2
• price: 175 000 €

• two bedroom apartment 53.40 m2 + terrace 10.85 m2
• price: 135 000 €

• two bedroom apartment 58 m2 + terrace 7.40 m2
• price: 138 000 €

• two bedroom apartment 58 m2 + terrace 24.85 m2
• price: 175 000 €

• two bedroom apartment 57.45 m2 + terrace 10.85 m2
• price: 143 000 €

• two bedroom apartment 58 m2 + terrace 7.40 m2
• price: 145 000 €

Location description
Ciovo (pronounced [tʃîɔv̞ɔ]; Italian: Bua) is a small island located off the Adriatic coast in Croatia with an area of 28.8 square kilometres (11.1 sq mi) (length 15.3 km (9.5 mi), width up to 3.5 km (2.2 mi)),[1] population of 6,071 inhabitants (2001) and its highest peak is 218 m (Rudine). 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 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.