Vodnjan - Pula - Pula - Okolica

Nestled in the heart of Istrian Peninsula, Fazana is a captivating blend of historic elegance and unspoiled natural beauty, making it a coveted destination for luxury homeownership. Originally a Roman settlement called Vasanium, Fazana has a rich history laced with tales of fishing, oil processing, and wine production. Its historic sights, such as the St. Cosmas and Damian Church and the ancient oil mill, coupled with the breathtaking sight of the Brijuni Islands dotting the horizon offer a charming testament to its past and present glory. Geographically, Fazana is a gem on the southwest coast of the Istrian Peninsula, affording its residents the lure of pristine Adriatic beaches juxtaposed against the allure of a thriving, authentic countryside lifestyle.

Luxury Real Estate Market: Fazana

The current luxury real estate market in Fazana is stable and gaining momentum, fueled by a rising interest in upscale coastal living. Demand and supply for luxury homes and apartments are well matched, with a diverse portfolio of properties ranging from historic stone houses to modern villas offering sea views and private beaches.

Political and Economic Situation

Fazana enjoys a secure political and economic environment, which further augments the confidence of potential investors.

Costs and Taxes Associated with Real Estate Ownership

When buying a luxury property in Fazana, bear in mind the accrued costs such as transfer tax, realtor commissions, notary fees, and potential construction inspection or legal costs. The transfer tax on private property in Fazana varies based on the property value, with the real estate commission being negotiable between the buyer and agent. A wealth tax levies on the private ownership of a house, with the tax rate varying based on the property value. In Fazana, like the rest of Croatia, potential sellers should know that they need to factor in the taxation on profit when selling privately owned property, be it a primary residence or a second/vacation home.

Mortgage Requirements and Policies

Mortgage requirements for buying a house in Fazana are based on individual creditworthiness, including capital and income requirements. The maximum mortgage amount is subject to approval by financial institutions.

Exclusive Residential Areas in Fazana

Valbandon, Fazana Old Town, and Stancija Zeleno Polje are among the most sought-after residential areas in Fazana known for their luxury properties.

Accessibility and Proximity to Key Locations

Fazana’s connectivity by road is commendable, with the nearest city, Pula, being just 8km away. The Pula Airport, serving both national and international flights, is conveniently located about 13km from Fazana.

Education in Fazana

Fazana is close to several reputable educational institutions such as the Juraj Dobrila University of Pula and the Italian Community School.

Leisure and Hospitality

Residents of Fazana take pleasure in myriad sports and outdoor activities including boating, fishing, and hiking. It offers a luxury lifestyle punctuated with high-end shops and exquisite culinary experiences offered by restaurants like Alla Beccaccia and Stara Konoba. Fazana is home to upscale hotels like the Hotel Marina and hosts annual cultural and sporting events such as the Fazana Fisherman's Festivities and the Tin Ujević Poetry Evenings.

Healthcare Facilities and Infrastructure

Fazana maintains good public infrastructure and is close to several healthcare institutions such as the General Hospital Pula. Its strategic position in Istria and wide range of amenities make it an ideal location for an enriching luxury lifestyle.