Croatia, Dubrovnik - Newly built villa on the island near Dubrovnik

Ref. : 2016/328 - House / Villa - For Sale
Selling price: 550.000 €
Living space: 170 Land space: 10000 Rooms: 4 Bathrooms: 2 Distance from sea: 600 m
Number of floors: 1
  • New build

A spacious property is located on an island in the Elaphic Archipelago near Dubrovnik, and consists of a newly built villa of 170 m2, with its 4000 m2 of land, two additional stone ruins that can be reconstructed and have two additional houses, gross area of ​​108 m2 and 188 m2, and 6000 m2 of olive groves near the house and plot. Finished property consists of ground floor and first floor, consisting of 4 bedrooms, living room with kitchen, bathroom, additional toilet, storeroom and covered terrace.

The same villa is built or hand-cut, fully furnished and equipped. All furniture is made of teak, and in front of the house there is a space for swimming pool construction. The plot of 4000 m2 is a nice rectangular shape, renovated with drywall, well maintained, and a little further spacious olive grove of 6000 m2, ideal for this property. The facility also has electricity and water connections and an appropriate septic tank.

Since the property is in a beautiful location, surrounded by greenery, this offer is a very high quality holiday house with great potential for further development, given the additional two ruins, the spacious olive grove and the future development of the island itself. The villa is well connected to the whole island because it is located not far from the main road, so all the facilities offered by the island are within a few minutes drive by car as well as the ferry line to Dubrovnik. Ideal property for customers who want to enjoy total peace.

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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 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.