Croatia, Dubrovnik - Apartment with the sea view, for renovation

Ref. : 4887/30 - Apartment - Sold
Selling price: 159.000 €
Living space: 97 Rooms: 3 Bathrooms: 1 Distance from sea: 100 m
Number of floors: 2
  • Sea view
  • It has an Energy Certificate

For sale is a comfortable apartment for renovation, located in the city of Dubrovnik. It is a duplex apartment (situated on the 2nd floor and the attic) with excellent sea and harbor views.

Although the apartment does not have its own parking space, nearby there is a public, secured parking place where it is possible to rent a parking space. The property itself is perfectly connected with the rest of the city, as the city bus station is located near the property.

Since the roof of the property is brand new, and the apartment has high ceilings (3m), by lowering the ceiling it is possible to easily get another comfortable attic apartment with a separate entrance from the street. Each floor has its own terrace with a beautiful view of the sea. One of them is raised above the roof level and offers a panoramic view of Mount Srd over the bay Gruz, while the other, larger in size, offers an excellent view of Gruz bay.

Although requiring complete renovation, real estate is an excellent opportunity for a comfortable family home, also offering an option to redefine space into luxury rooms or apartments with a terrace.

Location description
Dubrovnik ([dǔbroːʋniːk] ( listen);[2] Italian: Ragusa) is a Croatian city on the Adriatic Sea, in the region of Dalmatia. It is one of the most prominent tourist destinations in the Mediterranean Sea, a seaport and the center of Dubrovnik-Neretva County. Its total population is 42,615 (census 2011).[1] In 1979, the city of Dubrovnik joined the UNESCO list of World Heritage Sites. 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.