Croatia, Korcula - Villa under construction, first row to the sea

Ref. : 2013/115 - House / Villa - Sold
Selling price: On Request
Living space: 340 Land space: 500 Rooms: 4 Bathrooms: 4 Distance from sea: 3 m
  • First row to the sea
  • Swimming pool
  • Sea view
  • Parking
  • Garage
  • Luxury
  • Modern
  • New build
  • Best offer
  • Top offer
  • It has an Energy Certificate

Luxury villa under construction in the first row to the sea on the island of Korčula.

The planned start of works is the end of 9 months and the expected completion in 2022.
A villa with a living area of ​​340m2 will be built on a plot of over 500 m2.

The conceptual design is designed for the villa to be spread over two floors with a stunning sea view.
In the basement of 121m2 there would be a garage of 40m2 and a storage room, at the request of the future owner, the rest of the space can be used for a home gym, laundry or playroom.

The ground floor floor of 91m2 would consist of a kitchen and dining room and a living room with access to the terrace where will be a pool with the latest technology is provided. Along the ground floor is designed to be an additional building of 18m2 that can serve as a wine space. An internal staircase leads to the first floor floor. The first floor of 112m2 would consist of four bedrooms, four bathrooms, wardrobe and two balconies with open sea views.

The villa is for sale fully equipped and finished.
The buyer is offered the opportunity to supervise the work all the time via a video link, participation in interior design (ceramics, sanitary, furniture). The future owner will have a five-year warranty on all work, two years of maintenance (twice a month) and so 24 months.

The villa will have underfloor heating, video surveillance / alarm, air conditioning, etc. Water, electricity, sewage are available.

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.