Croatia, Korcula - Housing on a quiet place, for sale

Ref. : 4512/30 - House / Villa - Sold
Selling price: On Request
Living space: 66 Land space: 4170 Rooms: 3 Bathrooms: 1 Distance from sea: 1000 m
Number of floors: 1
Located on floor no.: 1
  • Sea view

Heaven on Earth, an estate located 4 km from the sea, and five minutes drive from the town of Korcula, in a secluded place. At the property there is a prefabricated house of of 53 m2, with an additional 17 m2 of glazed loggia. The terrain has an area of 4170 m2, and includes two old, stone houses of 16 m2 and 21 m2. The houses are enrolled in the cadastre and have the possibility of reconstruction. From the land, there is a beautiful view of the sea, the Peljesac canal and the island of Hvar.

The terrain is enclosed by stone fences, and all infrastructure is present - electricity, telephone, internet, city water supply, small water tank. Also, there is a possibility of building a swimming pool. The estate consists of olive groves, citrus fruit, fruit trees, vineyards and a part of the forest.

In addition to the mentioned property, there is the possibility of buying an additional agricultural land and a part of the forest, covering 6827 m2, at a price of 35,000 € - total of 280,000 €

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Location description
Korcula (Croatian: [kɔ̂ːrtʃula] ( listen); Italian: Curzola, Greek: Κόρκυρα Μέλαινα, Kórkyra Mélaina, Latin: Corcyra Nigra, Korkyra Melaina, Old-Slavic Krkar) is an island in the Adriatic Sea, in the Dubrovnik-Neretva County of Croatia. The island has an area of 279 km2 (108 sq mi); 46.8 km (29.1 mi) long and on average 7.8 km (4.8 mi) wide[1] — and lies just off the Dalmatian coast. 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.