Croatia, Hvar - House in the village, for sale

Ref. : 4705/30 - House / Villa - Sold
Selling price: 120.000 €
Living space: 98 Rooms: 5 Bathrooms: 2

The house on the island Hvar, the net area of 98 m2, in the center of town, near the church, a hundred meters from the sea. It consists of two floors which are connected by external stairs. It is located within the traditional palace, with orientation to the south and west.

Ground floor: living room, dining room, bedroom, kitchen and bathroom; orientation to the house that is used as an outdoor room.
Floor: living room with dining area, bedroom and bathroom. The kitchen has all the installations, but is currently used as a dressing room.

The property can be used as a house (ground floor) or as two apartments. The lower part of the old stone house, while the upper part is updated at the end of the 1970s. There is a possibility to build another floor.
The city is connected to the mainland by catamaran (Split), and there are two ferry lines: Split - Stari Grad and Sucuraj –mainland.

The island offers the possibility of cycling and hiking tours, swimming, diving and other sports activities and tour cultural monuments of prehistoric, Greco-Roman and medieval times. It is located near Fields Pha-ros (farming cultural landscape preserved from the Greek and Roman times) under UNESCO protection.

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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.