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Situated on the picturesque Istrian peninsula, Bale is steeped in history, boasting a collection of centuries-old churches, stone buildings, and Venetian palaces preserved to perfection. From the prehistoric hill-fort settlement to the cobbled streets leading to the majestic Soardo-Bembo castle, Bale encompasses an enriched past reflected in its architecture and heritage. This enchanting town, geographically positioned near the Adriatic coast, is surrounded by unspoilt nature, offering a serene living experience away from the crowd yet close to the vibrant city life of Rovinj and Pula.

The Exclusive Property Market in Bale

The current exclusive property market in Bale is strong and stable in light of its select demographic dealing in luxury and historic real estates. Exclusive properties, including luxury homes and apartments here, draw a striking balance between supply and demand, providing a steady flow of high-priced transactions. Furthermore, Bale offers political and economic stability that dramatically influences the upscale property market's continuous growth.

Understanding the Costs Involving Luxury Home or Apartment Purchase

When considering buying a luxury home or apartment in Bale, you need to take into account certain additional expenses. These costs include the real estate commission paid by both buyer and seller, typically around 3% each on average, along with transfer tax, notary fees, and possible construction inspection or legal costs. The transfer tax on private property in Bale stands at a moderate 4%. Private ownership does not involve wealth tax except for rental incomes that attract income tax of approximately 24% for registered residents.

Profit Tax on Selling Privately Owned Homes or Apartments

In terms of taxation, a privately-owned main residence in Bale, when sold, does not attract tax on the profit made. However, the sale of a privately-owned second/vacation home does incur tax on the profit. Registered companies in Bale need to consider a corporate tax of 18% on profits.

Purchasing a House in Bale: Mortgage Requirements

As for the mortgage feasibility while purchasing a house, lenders commonly require a ratio between own and foreign capital along with income requirements. On average, one can expect to secure a mortgage of up to 80% of the property's purchase price in Bale.

Exploring Bale: Luxury, Accessibility, and Education Opportunities

Bale houses some of the most sought after and exclusive residential areas like San Giovanni and Golas. Being well-connected by road and rail, Bale is just a 20-minute drive from Rovinj and easily accessible from the larger cities Pula and Rijeka. Major national and international airports including Pula and Rijeka airport are also easily reachable. Apart from this, quality education is within reach with establishments such as the University of Rijeka and reputable international schools in the vicinity.

Savoring the Bale Lifestyle

Located in Istria province, Bale breathes a quiet and comfortable Mediterranean lifestyle, nestled amidst unspoiled nature and overlooking the Adriatic Sea, boasting a population of approximately 1100 inhabitants. The town has a moderate Mediterranean climate, an array of outdoor activities, and luxury lifestyle shopping boutiques. Notable high-end establishments include Hotel La Grisa, Trattoria Bembo renowned for its countryside culinary delights, and an annual jazz festival known for drawing international artists. Furthermore, well equipped hospitals and clinics are at your service, enhancing Bale's public infrastructure and amenities, making a residence here more than just a home.