Croatia, Korcula - Three objects overlooking the sea

Ref. : 2013/74 - House / Villa - Sold
Selling price: 210.000 €
Living space: 200 Land space: 2787 Rooms: 2 Bathrooms: 2 Distance from sea: 200 m
Number of floors: 1
  • Sea view
  • Parking
  • Garage
  • Stone house
  • It has an Energy Certificate

An idyllic property for someone looking for solitude, privacy and an escape from everyday hectic life.

The property is located in a sheltered bay from the wind, on the southeast side of the island, and given the location in the bay which is isolated from everyday crowds.

On a plot of 2787 m2 there are 2 smaller buildings (ground floor) and a garage, which can be converted if necessary. The larger building is intended as a studio apartment, with one larger room and a shaded bathroom, and a covered terrace enclosed in glass.

The smaller facility consists of one smaller room that can be used as a bedroom with a bathroom. In front of the building there is a covered terrace.

Both facilities offer a beautiful, unobstructed view of the bay and the sea, which is only 200 meters away, where there is a pebble beach that is bathed in the sun all day.

The total area of ​​these two buildings with terraces is 200 m2, and there are about 24 olive trees on the land.

With the necessary investment, the potential of this property for tourism or simply to enjoy solitude is huge!

There is no electricity or water in the bay, because it is a location that is more secluded and far from larger places, and is intended exclusively for owners who want to enjoy peace and quiet, as far away from everyday crowds. It is located on agricultural land, and there is no possibility of additional construction, expansion, but only renovation within the existing dimensions.

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.