Croatia, Makarska - Two-storey apartment with private garden

Ref. : 2016/367 - Apartment - For Sale
Selling price: 200.000 €
Living space: 100 Land space: 157 Rooms: 3 Bathrooms: 2 Distance from sea: 200 m
Located on floor no.: 1
  • Sea view

An interesting offer from the center of Makarska, in nature a two-storey apartment with a total living area of ​​65 m2 with the possibility of raising an additional floor and a privately owned garden of 157 m2, which has a legal building of approximately 30 m2, which can be shown as a one-bedroom apartment, though not currently used as such.

The two-storey apartment is located in an old house, needs complete renovation and consists of two floors. On the lower floor there is a kitchen with a dining room, a bedroom and a smaller bathroom, while upstairs there is a living room and a bedroom.

In addition, on the north side of the house there is an additional small room used as a pantry, which goes on sale together with the apartment and garden.

The house offers partial sea view, while access to the house is also possible by car.

A very interesting offer in the form of tourism, precisely because of the mentioned garden of 157 m2, which is a perfect private oasis in the middle of the city, which has the additional potential in the form of constructing a swimming pool, several private parking spaces or similar facilities that can generate a fair income from tourist movements, since Makarska is a very popular destination in the summer.

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Location description

Makarska (pronounced [mâkarskaː]) is a small city on the Adriatic coastline of Croatia, about 60 km (37 mi) southeast of Split and 140 km (87 mi) northwest of Dubrovnik. It has a population of 13,834 residents.[1] Administratively Makarska has the status of a city and it is part of the Split-Dalmatia County. It is a tourist centre, located on a horseshoe shaped bay between the Biokovo mountains and the Adriatic Sea.

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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.