Split, a city located on the eastern shores of the Adriatic Sea, boasts a rich history stretching back to the Roman Empire. Today, its ancient sites including the Diocletian's Palace, a UNESCO World Heritage site, adds to the city's allure, attracting tourists and home-buyers alike. Nestled between the stunning Mosor Mountain range and the glistening Adriatic, Split provides a luxurious and picturesque setting. It's geographical location and rich cultural backdrop make it a jewel in Croatia's real estate market.
Luxury Real Estate Market in Split
Split's exclusive property market is currently stable and on a steady growth trend. The rise in demand, particularly for luxury homes and apartments, sits balanced against the supply, maintaining a healthy equilibrium. Despite global uncertainties, the political and economic situation in Split remains largely stable, providing reassurance for potential investors.
The cost of buying a luxury home in Split factors in several components, apart from the property's cost itself. The average real estate commission paid by a buyer or seller in Split typically ranges around 3%-6% of the property’s sale price. Additional costs include transfer tax, which currently stands at 3% on private property, notary fees, and potential construction inspection or legal costs.
Whether you are selling your main residence or your vacation home in Split, there are certain considerations you have to take into account. Tax on profit from selling a privately owned home varies between these two types of properties. For registered residents of Split, the income tax percentage is presently at 24% after a specific threshold. On the corporate front, the tax is 18% for profits of registered companies.
Mortgage and Financial Requirements
Like other regions, the mortgage requirements for buying a house in Split consider the ratio between own capital and foreign capital along with individual income requirements. Information regarding maximum mortgage on purchase price in Split can be obtained from the respective banks and varies on an individual basis.
Desirable Residential Areas and City Accessibility
Bacvice, Meje, and Marjan Hill are among the most sought-after and expensive residential areas of Split where luxury homes are located. Split boasts excellent connectivity with well-maintained road networks and regular train services. The nearest big city is Zagreb, about 410 km away. Split is also serviced by a local airport, and the international airports of Zadar and Dubrovnik are a few hours' drive away.
Education Institutions and Provincial Stats
Split, located in the Split-Dalmatia County, is home to an approximate population of 178,000 people. Renowned educational institutions such as the University of Split, and Split Art Academy are situated in the city, fostering a culture of intellect and creativity.
Climate, Outdoor Activities and Lifestyle Amenities
Blessed with a Mediterranean climate, Split enjoys warm, dry summers and mild, wet winters. Nature enthusiasts have eclectic options from Marjan Forest Park and Cetina River to the stunning coastline for various sports and outdoor activities. Split is also well known for its luxury lifestyle shops, high-quality hotels like Brown Beach House, and renowned restaurants such as Zoi.
Cultural Events, Art and Health Infrastructure
World-class festivals like Ultra Europe, Split Film Festival, and Marjan Hill sprints are annual events which enrich Split's vibrant socio-cultural life. Art lovers have a host of choices like the Gallery of Fine Arts, and Split Archaeological Museum. Top-rated hospitals like the University Hospital of Split add to the well-developed public infrastructure ensuring a comfortable life for the inhabitants. Overall, Split offers a luxurious lifestyle steeped in culture, comfort, and class.
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