Nin, known as the oldest Croatian royal town, rests on the shoreline of the Adriatic Sea. With its rich history, it flaunts famous historical sights such as the Church of the Holy Cross, locally referred to as the smallest cathedral in the world, and a perfectly preserved Roman Temple. In the heart of the Zadar County, Nin is situated on a small island surrounded by shallow lagoons, making it an intoxicating mix of natural beauty and historical significance. This charming location, together with its lush landscapes, continues to attract high-end investors seeking luxury homes.
The Exclusive Property Market in Nin
The current exclusive property market in Nin is stable, testament to Nin’s unique charm and historical significance. Despite fluctuations elsewhere, the supply of luxury homes and apartments in Nin keeps pace with a steady demand, maintaining a balance of choice and opportunity for discerning buyers.
Political and Economic Climate in Nin
The political and economic situation in Nin is stable, supporting the city's real estate market with steady growth. It provides a safe investment environment for prospective buyers.
The Typical Costs of Buying Luxury Property in Nin
When purchasing luxury property in Nin, buyers usually pay about 3-6% in real estate commission, while sellers pay around the same range. But note that additional costs such as transfer tax, notary fees, and potential construction inspection or legal costs need to be accounted for. The transfer tax, specifically on private property in Nin, currently stands at 4%.
Taxes for Private Property Owners and Registered Companies
Wealth taxes on the private ownership of a house in Nin vary depending on property and owner specifics. The same applies to taxes on the profit made from selling a privately owned home. Corporate tax on profits for registered companies in Nin is currently 18%, while the income tax for registered residents ranges from 24% to 36%.
Mortgage Requirements in Nin
The typical mortgage requirement in Nin generally follows a ratio between 70% loan and 30% down payment. Of course, this can vary based on individual circumstances and financial status.
Locations and Accessibility
The most sought-after residential areas for luxury homes in Nin include the prestigious quarters surrounding the Zaton Holiday Resort. Accessibility to Nin is reliable both by road, via the A1 highway, and rail, with the nearest station located 20 km away. Nin is 16 km away from Zadar, the nearest city.
Education and Amenities in Nin
In terms of education, Nin is home to several well-established schools including Nin High school and Zadar University not far away.
A Wealth of Facilities and Activities
With its coastal geography, Nin offers residents a wide range of sports and outdoor activities, including sailing, surfing, and hiking. Luxury lifestyle and shopping boutiques are scattered throughout the city, including renowned outlets like Konzum and Lidl.
Nin's Well-Known Cultural Scene and Events
In terms of arts and cultural institutions, Nin boasts the Museum of Nin Antiquities and the Stone Monument Gallery. The medieval Days of the Knights in the Nin Lagoon" is an annual event that brings history to life.
Healthcare and Infrastructure in Nin
For healthcare needs, City Hospital Zadar is conveniently located a short drive away. The public infrastructure in Nin is well developed, ensuring that the city's luxury inhabitants have access to all the conveniences and amenities expected of such a location.
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