Ližnjan - Pula - Okolica - Pula

Medulin, steeped in rich history, is a town situated on the southernmost point of the Istrian Peninsula in Croatia. A land once densely inhabited by Histri, an ancient Illyrian tribe, today still holds intriguing historical sights such as Vizule, an archaeological site with remnants of Roman villas. The extraordinary blend of tranquil coves and lush Mediterranean vegetation are courtesies of its strategic geographical setting by the Adriatic Sea. Close to the picturesque city of Pula, Medulin is a thriving hub adorned by a series of islands including Levan, Bodulaš and Ceja.

The Exclusive Property Market Scenario in Medulin

The exclusive property market in Medulin is currently demonstrating its resilience, remaining stable amidst external fluctuations. Luxury homes and apartments are on a balanced scale with respect to demand and supply, creating a robust state of equilibrium in the market. Economic and political stability, coupled with the charm of Medulin, aids in sustaining an upbeat property market.

Cost Considerations in the Real Estate Market

When buying a luxury home or an apartment in Medulin, a buyer and a seller typically need to be aware of certain costs. These include real estate commission, transfer tax, notary fees, and possible construction inspection or legal costs. The average real estate commission for a buyer is approximately 3%, whereas a seller might pay up to 6%. The transfer tax on private property is usually set at 3%.

Taxation Structure for Property Owners

Pertaining to the wealth tax on private property ownership, it is surprisingly lenient in Croatia, with no significant fees incurred on the homeowner. However, tax on profit from selling a privately owned home may vary if it's a main residence or a vacation home. A main residence is exempted from tax if owned for at least three years. For a vacation home or a second home, capital gains tax of 24% may be payable if sold within two years of acquisition.

Mortgage Requirements and Procedure

As for mortgage requirements, they depend on various factors like income, credit history, and the size of the down payment. In Medulin, a buyer can get up to 80% of the purchase price as a mortgage. However, residents are generally expected to contribute at least 20% of their own capital.

Residential Hotspots and Accessibility

Upscale residential areas, like Vinkuran and Pješčana Uvala, bestow breathtaking coastal views coupled with high-end amenities. This jewel of Istria is well connected by road, with the Istrian Y connecting it to major Croatian cities and beyond. Medulin is about 10 km away from Pula, the largest city in the Istria County, with the Pula Airport only 13 km away.

Education and Medical Facilities

Educational needs are well catered to with institutions such as the University of Pula and Medulin Language School quite nearby. The General Hospital Pula and private clinics ensure top-notch healthcare amenities for residents.

Natural Abundance, Climate and Amenities

Inhabiting approximately 2,800 residents, Medulin is a part of Istria County. Known for sandy beaches, clear blue sea, Mediterranean climate and diverse sports activities such as tennis, horse riding, and diving, the town offers an enriched lifestyle. Exclusive boutiques alongside upscale hotels like the Park Plaza Belvedere and well-known restaurants like Konoba 15 serve the luxury lifestyle of the inhabitants.

Culture, Events and Infrastructure

Medulin also boasts cultural and historical sites including the Archaeological Park Vizula and the Church of St.Agnes. Annual events such as Medulin FM Radio Festival and San Polo Festival amplify the town's vibrancy. The Museum of Olive Oil in Pula and Medulin Art Gallery showcase the rich cultural heritage. The well-structured public infrastructure, including street lighting, waste management, and public transport services, ensure a comfortable living experience in Medulin.