With a rich history rooted in Roman civilization, Bol is a stunning gem on the southern coast of the island Brac, Croatia. Encapsulated in pine trees, adorned by historical sights like the Dominican Monastery and Dragon’s Cave, and nestled among the tranquil cobalt-blue Adriatic Sea, Bol offers an illustrious luxury lifestyle. Its most iconic geographical feature is the Zlatni Rat (Golden Cape) beach, which has been deemed as the most beautiful beach in Croatia.
The Real Estate Market in Bol
The current exclusive property market in Bol is stable and seeing a consistent demand for luxury homes and apartments. However, with a smaller supply compared to demand, the market can be competitive for buyers yet advantageous for sellers.
Political and Economic Stability
With Croatia’s membership in the European Union, the political and economic situation in Bol is stable. This stability generates a favourable environment for real estate transactions.
Real Estate Purchase Costs
When plotting to buy a luxury home or apartment in Bol, apart from the purchase price, buyers should consider the real estate commission, transfer tax, notary fees, and potential construction or legal costs. The average commission paid by a seller or buyer varies but is commonly around 3-6%. Additionally, buyers are required to pay a transfer tax on private property which is currently set at 3%. It’s best to consult a local real estate advisor for a comprehensive overview of costs specific to your situation.
Taxes in Bol
Wealth tax on private home ownership in Bol resembles the rest of Croatia, there is no such tax. However, if you sell your privately owned home that is used as a main residence or a secondary home, you might be liable to pay tax on the profit.
Mortgage Requirements
The mortgage requirements in Bol are standard, with banks typically lending up to 80% of the property’s value, depending on the buyer’s financial standing and ability to repay the loan.
A Look at Bol's Residential Areas
The vicinity of Zlatni Rat is one of the most sought-after and expensive residential areas in Bol, thanks to its close proximity to the beach and breathtaking views.
Getting to Bol
Although Bol is a small town, it is impressively accessible via air, with Brac Airport just a 20-minute drive away. Split, the nearest big city, is accessible via ferry and is a lush two-hour journey across the Adriatic.
Essential Amenities and Institutions in Bol
Bol hosts essential institutions like Bol Elementary School and Bol Open University providing quality education. The town is also a healthy short drive away from clinical-care components such as the Bol Medical Centre.
Outdoor Activities and Lifestyle Shops
Bol offers an exciting range of sports and outdoor activities such as windsurfing, scuba diving, and tennis, with the upscale shopping district offering a rich retail therapy experience.
The Finest Hotels, Restaurants, and Nightlife in Bol
Bol is home to luxurious hotels such as Hotel Bol and Bluesun Hotel Elaphusa, top-quality restaurants like Restoran Ranc, and vibrant nightclubs, lending the town its sought-after vibrancy.
Cultural Experiences and Annual Events
From the Bol Summer Festival to the annual Brac Film Festival, Bol is culturally rich with many galleries, and performance spaces like Dalmatian Kala Gallery to enjoy.
Healthcare and Public Infrastructure
In terms of healthcare, Bol offers well-renowned facilities such as Bol Medical Centre. As for public infrastructure, the amenities available in Bol are surprisingly comprehensive offering everything from supermarkets to sports facilities, ensuring a comfortable and luxurious lifestyle.
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