Croatia, Hvar - Modernly decorated two bedroom apartment

Ref. : 2016/394 - Apartment - For Sale
Selling price: 200.000 €
Living space: 69 Rooms: 2 Bathrooms: 2 Distance from sea: 350 m
Located on floor no.: 2
  • Sea view
  • Parking

Modernly decorated and fully equipped two bedroom apartment on two floors, overlooking the sea, located in the town of Hvar, on the second floor of a small residential building, with a total living area of ​​69 m2.

The apartment is designed in such a way that on the lower floor is a kitchen and dining room and a small covered terrace overlooking the sea and the Hvar archipelago, while on the upper floor there are two bedrooms, living room, bathroom and additional toilet.

The apartment has south-west orientation which means it has plenty of natural light throughout the day. The apartment is modernly equipped and provides a sense of luxury, and since it is located outside the old town (500 meters away), it provides a lot of privacy and peace.

Quite an interesting option for investment, since it has been present on the market for several years through business activity in the form of tourist rental.

In addition to this apartment, the owners are also interested in selling a one-bedroom apartment of 35 m2, located on the same floor and which can be connected to this apartment with minor construction work.

The price of a smaller apartment is 105,000 euros, and it is possible to buy it only in a package with a larger apartment.

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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.