Croatia, Korcula - Luxury villa in construction, for sale

Ref. : 4794/30 - House / Villa / Off Plan - For Sale
Selling price: On Request
Living space: 224 Land space: 616 Distance from sea: 40 m
Number of floors: 3
  • Swimming pool
  • Sea view
  • Parking
  • Luxury
  • Modern
  • New build
  • Best offer

Real estate in construction, located in a beautiful bay on the south-western side of the island of Korcula. Designed as a modern, luxurious villa that will spread over three floors, blended with modern architecture that will fit perfectly into the surrounding space. Located in the second row to the sea, only 30 meters from the beach, this quality villa will offer a beautiful and unobstructed view of the bay and the sea. The project itself has a valid building permit, and the villa is sold exclusively completed.

- Ground floor - kitchen with dining room (34.32 m2), toilet, pantry, laundry, staircase, hallway - total net area of ​​60.52 m2.
- First floor - kitchen with dining room (48,36 m2), bedroom (9,72 m2), gallery with hallway (25,56 m2), staircase, WC, bathroom - total net area 97,62 m2.
- Second floor - 3 bedrooms, bathroom, toilet, hall, staircase - total net area 65.97 m2.

The future owner is offered, with a ready-made property (turnkey) and five-year insurance property of theft, fire and possible damage to the building. It also offers a complete interior decoration of the building as desired by the customer from the selected product catalog.

Villa has valid building permit, by which construction is started, and the completion of the villa is planned for January, 2020.

The bay is located 10 minutes by car from the center of Vela Luka, where restaurants, cafes, shops and other amenities are located, as well as a ferry dock.

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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.