Island Korčula Real Estate for Sale
Find Korcula Island real estate for sale in Croatia on Croestate. Take advantage of our network of real estate for sale in Croatia and choose the best properties in the best locations. Visit us today. Call us on +385 98 384 007. Korcula Island offers real estate in many island towns such as Badija, Bilin Žal, Blato, Brna, Istruga, Korcula, Lumbarda, Prižba, Pupnat, Pupnatska Luka, Račišće, Smokvica, Zavalatica, Žitna, Žrnovo, Žrnovska Banja… Legend has it that the first city on the island was founded by the Trojan hero Antenor in the 12th century BC. Today, Korcula Island is known for its ancient monuments, old stone houses and a fortress that bears witness to its ancient times.
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Frequently asked questions
There is a difference between EU citizens and non EU citizens. EU citizens, natural and legal persons, can purchase real estate in Croatia under the same conditions as Croatian citizens. Non Eu citizens, natural and legal persons, can buy real estate according to reciprocity principle and they need to seek the approval from Ministry of justice of Republic of Croatia.
All payments of real estate must be in national currency, which is EURO. However, any payment in foreign currencies will be converted into EURO.
Apartments are one of the most popular investment classes in Croatia, so buying an apartment is an increasingly popular option among people who want to invest their money in something useful and profitable. The property can be rented long term or for tourism, and renting for tourism offers the fastest return on investment.
Real estate market in Croatia is very vivid last years, and still rising, so it is definitely good period to invest and get a satisfying ROI.
Property tax in Croatia is 3 % of tax office property estimate. It is paid by the Buyer and only once.
Two important things when buying luxury villas on the islands are location and connection to the mainland as some more remote islands have only one or two daily ferry lines to the mainland.