Croatia, Korcula - Building plot with the panoramic sea view, for sale
Dalmatian islands

Ref. : 2016/268, Land plot/Investments Sale

Selling price:150.000 €

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Location: Korcula
Advantages:
  • Sea view
Description:

Land space: 968
Distance from sea: 150 m

 

Building land plot on the island of Korcula, in a nice position with the panoramic sea and island view. Land area of 968 m2, with a project for a double object, ie two villas. This offer consists of two separate plots, and there is the possibility of buying it individually or in its entirety. The building permit was issued in 2016 and contains of four apartments with pool and terrace. Based on the building permit, the permissible construction of the building is 85 m2 for a mansion up to 217 m2 for a villa on a single parcel, or 187 m2 for a mansion up to 464 m2 for a villa on both parcels.

The future investor has enough time to complete the whole project, as the building permit is valid until 2022.

Prices:

- Both parcels together with the project - 200 000 €
- Both parcels without a project - 150 000 €
- Individual parcels with the project - 150 000 €
- Individual parcel without permission - 95 000 €

Location description
Korcula
Korcula (Croatian: [kɔ̂ːrtʃula] ( listen); Italian: Curzola, Greek: Κόρκυρα Μέλαινα, Kórkyra Mélaina, Latin: Corcyra Nigra, Korkyra Melaina, Old-Slavic Krkar) is an island in the Adriatic Sea, in the Dubrovnik-Neretva County of Croatia. The island has an area of 279 km2 (108 sq mi); 46.8 km (29.1 mi) long and on average 7.8 km (4.8 mi) wide[1] — and lies just off the Dalmatian coast.

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FAQ

These are the answers to your frequently asked questions, feel free to contact us or come to our office for any other questions or concerns.

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.