Croatia, Pag - Luxury penthouse, first row to the sea

Ref. : 2022/311b - Apartment - Sold
Selling price: 475.000 €
Living space: 144 Rooms: 3 Bathrooms: 2 Distance from sea: 10 m
Located on floor no.: 3
  • First row to the sea
  • Sea view
  • Parking
  • Luxury
  • It has an Energy Certificate

For sale is a luxury penthouse located in a prime location next to the beach on the island of Pag. It is located on the 4th floor of a luxury apartment building, with a total living area of 144 m2.

It consists of three bedrooms and two bathrooms and is south facing with a large spacious terrace and beautiful open sea view. It is equipped with top quality panoramic aluminum joinery. The apartment also has electric underfloor heating and electrically raised blinds.

Balcony railings are glass and there are several indoor air conditioning units in the apartment.

The equipment also includes the Smart Home System, Grohe sanitary ware, the Geberit concealed system and the Vellis Evo narrow electric water heater, and the room door has hidden hinges.

It is located at a distance of about 10 km from Novalja and nearby there are restaurants, market, coffee bar ...

The penthouse is an excellent investment opportunity because it offers exceptional potential both because of the location where it is located and because of its first-class equipment.

There are other apartments available for sale in the building, at lower floors, which you can find by the reference number 2022/311.

Location description
Pag (pronounced [pâːɡ]; Latin: Pagus, Italian: Pago, German: Baag) is a Croatian island in the northern Adriatic Sea. It is the fifth-largest island of the Croatian coast, and the one with the longest coastline. In the 2011 census, the population of the island was 9,059.[1] There are two towns on the island, Pag and Novalja, as well as many smaller villages and tourist places. Pag is the only Croatian island that is administratively divided between two counties. Its northern part belongs to Lika-Senj County, while the central and southern parts belong to Zadar County. 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.