Croatia, Korcula - Villa in the first row to the sea

Ref. : 2013/114 - House / Villa - For Sale
Selling price: 1.600.000 €
Living space: 250 Land space: 678 Rooms: 4 Bathrooms: 3 Distance from sea: 2 m
  • First row to the sea
  • Sea view
  • Parking
  • Modern
  • It has an Energy Certificate

In one of the most attractive bays on the south side of the island of Korčula is located a modern villa of southern orientation in the first row to the sea.
The villa with a living area of ​​250m2 is located on a plot of 678m2 and spreads over three floors.

On the ground floor there are two smaller rooms that offer the possibility of use for the purpose of a gym, sauna, pantry or workshop, wine cellar, billiards and a spacious terrace with sunbathing area.
An external staircase leads to the first floor floor where there is one bedroom, bathroom, kitchen and dining room and living room with access to the terrace. On the terrace there is an outdoor fireplace and dining area.
An internal staircase leads to the second floor floor which consists of three bedrooms, two bathrooms and a terrace with a jacuzzi. The terrace offers a stunning open sea view.

It has three parking spaces and a berth for a boat in front of the villa.
Cultivated garden and pine forest bordering the villa and the beach at a distance of 2m make an ideal combination of real estate and nature.

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 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.