Rovinj, once a humble fishing village, is now a coveted Mediterranean gem. Steeped in history, its narrow stone-paved streets echo the symphony of its past from the Romanic, Gothic, and Renaissance eras, culminating at the crowning jewel - the imposing St Euphemia’s Basilica. Geographically, Rovinj perches on the north Adriatic Sea along the western coast of the Istrian Peninsula. Its brimming coastline and myriad offshore islands entice those who seek to marry the tranquility of azure waters with the buzz of a cosmopolitan life.
The Luxury Real Estate Market in Rovinj
The current real estate market in Rovinj, particularly the exclusive property sector, remains stable and robust. Rovinj's irresistible combination of historical charm, stunning vistas, and luxe lifestyle continues to maintain a strong demand for luxury homes and apartments, shadowing the supply.
The local political and economic environment remains largely stable, encouraging an influx of international buyers. However, while purchasing a luxury abode in Rovinj, various associated costs should be taken into account. These include transfer tax (a moderate 5% on private property), realtor commissions, notary fees, possible inspection costs, and potential legal charges.
Wealth tax varies depending on the property value, while profit from selling a privately owned primary residence and secondary homes are taxable under local regulations. For residents, the income tax rate stands at a moderate level, whereas registered companies benefit from a favorable corporate tax regime.
Mortgage Requirements in Rovinj
General mortgage requirements typically entail a balanced ratio between own and foreign capital, along with satisfactory income statements. The maximum mortgage on the property price is subject to individual financial standing and banking norms.
Luxury Locations and Accessibility
Rovinj’s prime residential locations, including the Borik neighbourhood and exclusive properties near Punta Corrente Forest Park, are in high demand. Accessible by road and rail, Rovinj is close to Pula, the largest city in Istria. Additionally, Rovinj is also serviced by the Pula International Airport and the Port of Rovinj.
Educational Institutions near Rovinj
Quality education is provided by institutions such as the Italian Elementary School Bernardo Benussi and the University of Juraj Dobrila in Pula.
The Resplendent Rovinj Lifestyle
Situated in the picturesque province of Istria, Rovinj boasts an approximate population of 14,294 residents, each one immersed in the beauty of its natural landscape. The Mediterranean climate perfectly complements the city's outdoor activities, including boating, diving, cycling, and tennis.
Luxury shopping spots, opulent hotels like the Grand Hotel Park and the Hotel Lone, high-quality restaurants, famous Museo della Città, and thrilling cultural events like the Rovinj Summer Festival punctuate the cityscape, making Rovinj one of the most sought-after luxury destinations. The public infrastructure is well-maintained, with viable amenities and healthcare facilities, including the General Hospital Pula, close at hand.