Croatia, Hvar - Stone house on island Hvar, for sale

Ref. : 2016/288 - House / Villa - Sold
Selling price: 580.000 €
Living space: 246 Rooms: 8 Bathrooms: 5 Distance from sea: 150 m
Number of floors: 3
  • Stone house
  • It has an Energy Certificate

Very interesting stone house, located in a row of houses in the very center of the island of Hvar, near the cathedral of St. Stephen.

The house is spread over 246 m2 of living space and consists of ground floor and two floors.

On the ground floor there is a kitchen, a spacious living room, a bathroom and a small pantry, while on each floor there are 4 rooms (three double bed and one single bed) and 4 bathrooms (two on each floor).

All rooms except one have a belonging balcony with a beautiful view of the center of Hvar and the beautiful fortress Fortica, dating from the 16th century.

The property itself is located in an excellent position within the pedestrian zone, and has enormous potential in the form of tourist rentals.

Although in a very good condition, it definitely requires adaptation and adjustment to modern times.

Due to the size of each floor, the future buyer has various interior decorating options available.

Only 150 meters away from the sea, and from the square of St. Stjepana only 50 m away, this property represents a high quality investment in the town of Hvar, considering the limitation of the real estate offer in this luxury city as well as the high demand for investments that can make top business results, regarding the number of guests arriving each year in an increasing number, since the city of Hvar with Dubrovnik and Split is one of the most recognizable brands in the Adriatic.

An ideal property for a buyer who is sympathetic to Hvar and who will recognize the potential that this property hides.

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.