Croatia, Hvar - Detached house, for sale

Ref. : 3483/30 - House / Villa - For Sale
Selling price: 300.000 €
Living space: 48 Land space: 863 Distance from sea: 7 m
Number of floors: 1
  • First row to the sea
  • Sea view

The house is situated in a bay on the eastern side of the island of Hvar. There is a road leading to the bay, and as such, used only for 4 houses that are located in the bay. This is unfinished stone house built in 1937, on the very seaside, by the beach. There are exactly 16 stairs leading from the sea to the terrace in front of the house . The house was not occupied for more than a decade and is in need of a complete renovation. the house is of the gross surface of 48 sq m. Based on the spatial plan, there is a possibility of building an upgrade, one more storey of the "maximum height Ground Floor+1, i.e. 6,0 m measured from the final levelled and regulated terrain by the facade of the building at its lowest point to the upper edge of the ceiling construction of the last floor". It is also possible to build a basement storey, what would finally maximize the existing building from 48 sq m to 144 sqm. The building has a clean title deed, as well as the property certificate, and the same applies also for the house plot of the surface of 200 sq m and a land plot behind the house (garden) of the surface of 633 sq m. The building has electricity and a telephone line, but there is no water, because the water supply system hasn't yet arrived to this part of the island. Considering the surface of the house plot, the owners planned to build a water tank and a septic tank in the garden behind the building.

Location description
Hvar (pronounced [xv̞âːr]; local Chakavian dialect: Hvor or For, Greek: Pharos, Φάρος, Latin: Pharia, Italian: Lesina) is a Croatian island in the Adriatic Sea, located off the Dalmatian coast, lying between the islands of Brač, Vis and Korcula. Approximately 68 km (42.25 mi) long,[1] with a high east-west ridge of Mesozoic limestone and dolomite, the island of Hvar is unusual in the area for having a large fertile coastal plain, and fresh water springs. 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.