Croatia, Cres - House / Villa with restaurant, in the center of town, for sale
Dalmatian islands

Ref. : 4712/30, House / Villa/Commercial Space Sale

Selling price:980.000 €

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Location: Cres
  • Parking

Living space: 424
Land space: 160
Number of rooms: 9
Number of bathrooms: 7
Distance from sea: 150 m


The house is located in the old part of town, completely renovated in 2003. It consists of ground floor, two stories and attic, with closed staircase. On the ground floor there is a restaurant with a terrace of 50 m2, with a total of 100 seats inside and outside. On the first floor there are three double rooms and one studio apartment.

On the second floor are two studio apartments and the lower floor of a two-storey apartment. This duplex apartment consists of a living room with kitchen and dining room, storage room, laundry and terrace, and on the ground floor there are two bedrooms, bathroom and wardrobe.

Three bedrooms and three studios are rented for tourist purposes. All rooms have their own bathroom, are air-conditioned, with good quality external joinery, new roof tops and refurbished street facade.

At a distance of 100 meters it is owned a parking lot for a total of 7 cars. The property is ideal for staying and continuing to do business with tourist rentals and catering (with regard to restaurant).

Location description
Cres (pronounced [t͡srɛ̂ːs]; Italian: Cherso, German: Kersch, Latin: Crepsa, Greek: Χερσος, Chersos) is an Adriatic island in Croatia. It is one of the northern islands in the Kvarner Gulf and can be reached via ferry from the island Krk or from the Istrian peninsula (line Brestova-Porozina).

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1. Can foreigners buy property in Croatia?

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.

2. What taxes I have to pay when buying real estate in Croatia?

Property tax in Croatia is 3 % of tax office property estimate. It is payed by the Buyer and only once.

3. What is the best time of year to go to Croatia?

Croatia has a mild climate, so it is very nice to make a visit anytime. However, the best period to buy is between October and December, and than April to June. As a tourists country, during the summer many properties are rented thus more difficult to arrange visits of real estate.

4. What is the best place in Croatia to buy a villa?

First row to the sea is always a win-win situation. Regarding the location: along the coast from Dubrovnik to Zadar, and from Middle Dalmatian islands the most likeable are Brač, Hvar, Šolta, Vis, Korčula and peninsula Pelješac.

5. How do I find a house for rent in Split Croatia?

Split is more of an apartment place, thus easier to rent apartment for a long term . However, it is possible to find a villa for a long term rent. As lease is always unpredictable, and situation changes quickly, it is always the best solution to contact an agency to see what is currently on the market and available.

6. Is now a good time to invest in the Croatian real estate market?

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.

7. What is OIB and why do I need it?

In english it is 'PIN' that stands for 'personal identity number' and it is needed for any contract. It is unique for each person, Croatian or foreigner, and is used as unique identifier in various official records.

8. Can I pay in foreign currency when buying real estate in Croatia?

All payments of real estate must be in national currency, which is HRK. However, any payment in foreign currencies will be converted into kuna.