Croatia, Hvar - Spacious apartment house with sea view

Ref. : 2016/407 - House / Villa - Off market
Selling price: 1 €
Living space: 583 Land space: 857 Rooms: 13 Bathrooms: 11 Distance from sea: 150 m
Number of floors: 4
  • Sea view
  • Parking
  • It has an Energy Certificate

Spacious apartment house for sale, located on the south side of the island of Hvar, in small village, on a great position with open view of the sea and islands.

The house is located on a plot of 857 m2, with living area of 165 m2 per floor.

Consisting of a ground floor and three floors, the house contains a total of 13 rooms and 11 bathrooms and records excellent results of tourist rental.

On the ground floor there is a two bedroom apartment with a separate kitchen and an outdoor area, two garages that can be converted into a restaurant, and an outdoor closed fireplace and a spacious parking lot.

On the first floor there is an apartment with 4 bedrooms and two bathrooms, which should be renovated, and a large enclosed terrace of approximately 40 m2 with three exits.

On the second floor there are three units (two-bedroom apartment, one-bedroom apartment and studio, each with its own bathroom) oriented to the south, with a spacious terrace.

On the top floor there are one-bedroom and two-bedroom apartment, also with terraces.

All in all, the house is a very interesting business investment in the tourism business, given the potential for additional decoration, potential construction of restaurants in garages and a spacious parking lot that can accommodate a large number of cars.

The house is located 150 meters from the sea and the beach, as well as from the center of palce where there are additional facilities that this beautiful place on the south side of the island of Hvar offers.

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


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.