Nestled in the enchanting region of South Dalmatia, Croatia, Konavle is a locale steeped in history, grandeur, and breath-taking beauty. Marked by its rich heritage, this area is home to an array of historical sites including the illustrious Sokol Tower and the antique watermills at the River Ljuta. Geographically, Konavle is perched between the imposing Sniježnica mountain and the tranquil Adriatic Sea. It is the southernmost landscape of Croatia, giving it a strategic and picturesque position.
The Konavle Real Estate Market
The current exclusive property market in Konavle is strong and on an upward trend. The supply of luxury homes and apartments comfortably balances the growing demand, resulting in a stable and promising market environment. This resilient property market coincides with Konavle's stable political and economic situation, making it an attractive prospect for luxury property investments.
The Granite Ads of Property Investment in Konavle
From the buyer's perspective, the typical real estate commission applicable in Konavle is around 3%. Sellers, on the other hand, also pay approximately 3% in real estate commission when selling a property. Additional costs that prospective property investors should consider include transfer tax, notary fees, and potentially construction inspection or legal charges, all of which can significantly influence the overall expense of property acquisition.
Transfer tax on private property in Konavle is about 3%, while the wealth tax varies depending on the property's worth. Interestingly, profit made from selling a primary residence in Konavle is not subjected to taxation. However, profits gained from selling a second/vacation house are taxed. Corporate tax is 18% for registered companies while income tax rates for registered residents follow a progressive system, with rates varying from 24% to 36%.
Mortgage and Financial Requirements
When applying for a mortgage in Konavle, banks typically require a 20% down payment and the remaining 80% is financed. The maximum mortgage one can get is generally up to 80% of the property's purchase price.
Top Property Locations and Accessibility
The most expensive and coveted residential areas in Konavle are Cavtat and Mlini. Accessibility to Konavle is seamless with well-connected road and rail networks. Konavle is just 30 kilometres away from the dazzling city of Dubrovnik and 15 kilometres away from Čilipi airport, providing both national and international coverage.
Local Facilities and Amenities
Konavle is part of the Dubrovnik-Neretva County and boasts a population of nearly 9,500. The region envelops picturesque landscapes, including flourishing vineyards, lush forests, and stunning coastline. The Mediterranean climate contributes to this idyllic setting, and the locale offers a plethora of recreational activities like horseback riding, hiking, and wine tasting tours.
Luxury lifestyle boutiques are interspersed throughout Konavle, and the area is rich with top-tier hotels like the Hotel Croatia Cavtat and renowned restaurants such as the Konavoski Dvori. For entertainment, Konavle offers exclusive nightlife spots including the chic Banje Beach club. The area's cultural scene is vibrant with annual events like the Cavtat Summer Festival and institutions like the Vlaho Bukovac Home Museum.
Public Infrastructure and Healthcare
In terms of infrastructure, Konavle is well-equipped with public amenities, providing residents with a comfortable and convenient living environment. The General Hospital Dubrovnik is located close to Konavle, ensuring that excellent healthcare services are within reach for residents.
Overall, Konavle presents a unique blend of historical heritage, luxury lifestyle, and unspoilt natural charm, making it an impressive destination for exclusive property investment.
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