Croatia, Umag - Detached family house, for sale

Ref. : 4432/30 - House / Villa - For Sale
Selling price: 700.000 €
Living space: 390
Number of floors: 4

Detached house near Umag, residential area of 343 m2. It consists of a basement (28 m2), ground floor (120.70 m2), 1st floor (119.85 m2) and attic (75 m2).
It consists of additional rooms with a boiler room on the ground floor, while the ground floor are two residential units. From one is an internal staircase to the first floor where the bedrooms are located, and also an internal staircase to the attic. The second part of the first floor is accessed by an outside stairway.
This beautiful and pleasant three storey house is located on a plot of 600 m2, 150 m from the sea, and there is a possibility of buying additional land. The house is situated in a quiet environment, where the current is no longer possible to build properties.

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Location description
Umag
Umag (Croatian pronunciation: [ûmaɡ]; Italian: Umago) is a coastal city in Istria, Croatia. The city hosts a yearly ATP tennis tournament on clay courts. Click for more
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FAQ

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.