Sućuraj, a captivating town on the far eastern tip of the beautiful island of Hvar, is steeped in centuries worth of history. From the Venetian fortress, Fortica, standing tall on the hilltop, to the baroque style Parish Church of St George and the ancient lighthouse that nautically guides adventurers, Sućuraj offers a rich historical and geographical tapestry that has been attracting high-end buyers looking for an exceptional lifestyle.
The Property Market in Sućuraj
The exclusive property market in Sućuraj is currently thriving. With a steady supply of luxury homes and apartments, it caters to a strong and growing demand, largely from affluent buyers who appreciate the natural beauty, tranquillity, and rich history of the town.
Stability in Sućuraj
The political and economic situation in Sućuraj and on the island of Hvar is notably stable, enhancing the confidence of potential investors and homeowners in the luxury market.
Costs You Need to Consider
When buying luxury property in Sućuraj, it's imperative to account for additional costs such as transfer tax, realtor commissions, notary fees, and possible construction inspection or legal costs. The transfer tax on private property in Sućuraj is 3%, while the average real estate commission a buyer or seller is expected to pay varies depending on the specific terms of the deal.
Taxes in Sućuraj
Wealth tax, corporate tax, and income tax rates are in line with national Croatian standards. Selling a privately-owned home used as a main residence in Sućuraj is tax-free, but profits made on selling a second home are subject to taxation.
Mortgage Requirements in Sućuraj
Mortgage requirements tend to vary by financial institution, with most requiring a balance between owned and foreign capital. Prior consultation with a local financial adviser is recommended.
The High-End Residential Scene
The residential areas surrounding the enchanting bay of St. Ivan, known for breath-taking sunsets, and those close to the historical centre, are particularly sought after for luxury homes.
Accessibility and Proximity
Sućuraj is well connected via road, and is conveniently close to Split, a bustling city across the Adriatic. The town is approximately a two-hour ferry ride from the international airport in Split, catering for all travel needs.
Educational Institutions in Sućuraj
While Sućuraj itself is a small town, it's within close distance to greater schooling options on the larger island of Hvar and on the mainland in Split.
The Pride of Sućuraj
Sućuraj is embellished with pristine beaches and clear waters, offering an array of outdoor activities. From sailing and fishing to cycling and hiking, it has something for every discerning resident and visitor.
Retail Therapy and Fine Dining in Sućuraj
The lifestyle here, though relaxed, doesn't lack luxury. It's home to refined boutiques and excellent gastronomical experiences. The quality of life is further enhanced by the annual cultural and sporting events.
Opportunities to Soak in Art and Culture
Sućuraj boasts several small galleries and art exhibitions. The Fortica Fortress, the lighthouse and the Parish Church of St George are living museums emanating the rich historical tale of Sućuraj.
Infrastructure in Sućuraj
Sućuraj, as part of the popular island of Hvar, has good infrastructure and amenities, catering to the needs of its residents. It's home to a health centre, while a fully equipped hospital is in Hvar Town.
The island life in Sućuraj is a blend of unspoilt nature, historical myths, luxurious living, and endless blue vistas. A luxury home here guarantees a uniquely peaceful yet elegant lifestyle.