Croatia, Hvar - House by the sea, for sale

Ref. : 2016/125 - House / Villa - For Sale
Selling price: 800.000 €
Living space: 270 Land space: 1732 Rooms: 4 Bathrooms: 3 Distance from sea: 5 m
  • First row to the sea
  • Sea view

Detached two-storey house, built in 1973, situated on island of Hvar, in an attractive location, first row by the sea, surrounded by pine trees, with nice beaches overlooking the mountain Biokovo, 500 meters away from centre and ferry port. The house has 270 m2 of gross floor area, and is situated on a building plot of 1732 m2. The house has the possibility to add another floor, and considering the size of the building plot, it is possible to build additional housing facility.

In practice, the house consists of two apartments with two accompanying large terrace (4X12 m). The lower floor with the aforementioned rooms and a terrace has a living room with fireplace, dining room and bathroom, and upstairs is similarly constructed, except that there are extra toilet.

This property offers a variety of opportunities for investors, given the beautiful location and the size of the plot, which is dotted with numerous dry walls that make this property even more interesting.

The house has electricity, possibility to connect to the water system (currently has a large water tank with a capacity sufficient for the consumption of water during the summer), and a septic tank. House has access by car.

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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 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.