Nestled on the Adriatic coast of Croatia, Crikvenica is a captivating town laden with history and splendor. From its ancient Roman settlements to the monumental St. Anthony Church and the Frankopan Castle, Crikvenica's rich history draws explorers from across the globe. The town's geographical location, perched along the glistening Kvarner Bay, further magnifies its allure for luxury living. Hence, property seekers are increasingly turning their gaze towards this enchanting coastal treasure.
Luxury Real Estate: Market Update
Currently, the exclusive property market in Crikvenica is strong and stable. The current supply of luxury homes and apartments has been meeting the consistent high demand. Thanks to the town's stable political and economic situation, the market has been quite attractive for investors seeking luxurious coastal abodes.
Cost Perspective: Buying Luxury Property
Purchasing a luxury home or apartment in Crikvenica entails additional costs. The real estate commission paid by both the buyer and seller generally averages between 3% to 6%. These costs also encompass transfer tax, notary fees, and possible construction inspection or legal costs. The transfer tax on private property is approximately 3%, although this may vary.
Financial Implications: Property Ownership
Owning a home in Crikvenica attracts a wealth tax, whose rate is determined by respective property value. If selling a private property that serves as your main residence, the profit is tax-free. However, selling a second or vacation home incurs tax on the profit made. Companies registered in Crikvenica pay a 18% corporate tax on profits, and registered residents have an income tax of approximately 25% to 45%.
Mortgage Considerations: Buying in Crikvenica
The general mortgage requirements in Crikvenica require a careful ratio of own and foreign capital, along with income requirements. The mortgage amount one can get on a purchase largely depends on one's financial stability, the property's value, and the lending institution's policies.
Elite Residential Spaces in Crikvenica
The most sought-after residential areas for luxury houses are Selce and the town center Crekvencia. These areas are renowned for their opulent real estate offerings, breathtaking coastal view, and tranquil surroundings.
Accessibility and Infrastructure
Crikvenica has excellent transport links, being well-connected by road and rail to major Croatian cities. The town is a 35km drive from Rijeka, the nearest big city. From Rijeka, it's about a 25-minute drive to Rijeka Airport, Crikvenica's closest domestic and international airport.
Signature educational institutions near Crikvenica include the University of Rijeka and Rijeka Secondary School. Healthcare is top-notch with hospitals like Thalassotherapia Crikvenica and General Hospital Rijeka nearby.
Living the Luxe Life in Crikvenica
Crikvenica is situated in the Primorje-Gorski Kotar County and is home to about 11,000 inhabitants. Blessed with a mild Mediterranean climate, the natural environment is a stunning harmony of turquoise sea waters, unspoiled trails, and a verdant landscape.
Adventure enthusiasts can indulge in various sports and outdoor activities like sailing, scuba diving, tennis, and hiking. Luxury lifestyle shops dot the town, and for gourmet lovers, restaurants like Bistro Galija and Restaurant Burin offer exquisite cuisine. The town boasts high-end hotels like Hotel Esplanade and Hotel Kvarner Palace. Every year, Crikvenica hosts various historical, cultural, and sporting events, such as the Crikvenica 4 Riviere Marathon, Fishermen's Week, and the renowned International Carnival.
Notable cultural institutions include City Gallery Crikvenica and Crikvenica Municipal Museum. Stroll through the charming town and you will encounter well-developed public infrastructure, including clean streets, public gardens, and modern amenities, making this coastal gem a perfect choice for luxury living.
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