Nestled in the captivating island of Brač, Sutivan is a charming town and harbor, laden with historical significance, offering breathtaking sea views and a rich landscape graced with olive groves, vineyards, and pine forests. Its well-preserved countryside still emanates the timelessness of ancient Dalmatia. Couple this with an array of remarkable historic sites such as the Parish Church of the Assumption of Mary, the Renaissance palazzo of family Moro and many ancient rustic cottages, Sutivan perfectly juxtaposes its historic allure with an ultra-modern luxury lifestyle. Geographically, Sutivan is situated on the northwestern side of Brač, bound by crystal clear waters of the Adriatic Sea, guaranteeing each luxury home an awe-inspiring view.
The Luxury Real Estate Market in Sutivan
The exclusive property market in Sutivan is notably stable, bolstered by its unique position in Croatia's most affluent region. With a rising trend in the demand for luxury homes and apartments, Sutivan continues to be a safe haven for the discerning investors seeking privacy, authenticity and luxury.
The Fiscal Side of Buying Luxury Properties in Sutivan
Investing in a luxury property in Sutivan comes with certain fiscal conditions. On average, both buyers and sellers can expect to pay a real estate commission of up to 3%. Additional costs, such as transfer tax, notary fees, legal and construction inspection costs, add up to around 5-6% of the property's value. The transfer tax on private property in Sutivan is set at 3%.
Wealth tax does not exist in Sutivan, providing an additional incentive for luxury home investment here. Taxes on profits from selling a privately-owned residence depend on the duration of ownership, and whether it is a primary or secondary residence.
On the corporate side, the tax on profits for registered companies is 18%, and the income tax for registered residents ranges from 24% to 36%.
Mortgage and Financing in Sutivan
The financial institutions in Sutivan offer favourable conditions for financing luxury real estate. Mortgage requirements generally stipulate a ratio of 70:30 between loan and owner's capital, and proof of sufficient income is a requisite.
Posh Localities and Accessibility
The most sought-after residential areas in Sutivan are located near the town center and along the beachfront. Being a relatively small town, Sutivan does not have railway connectivity but boasts well-maintained roads. The nearest big city is Split, located 50 km away, easily accessible from Brač airport which is just 25km from Sutivan.
Environment, Amenities and Lifestyle
Sutivan is in the Split-Dalmatia province and has a lively community of around 600 inhabitants. With an environment dominated by pine forests, blue sea, and beautiful pebble beaches., it enjoys a mild Mediterranean climate.
An array of sports and outdoor activities are available, including tennis, soccer, sea kayaking, and cycling. Numerous luxury boutiques cater to the lifestyle needs of the affluent residents, while the food scene is covered by high-quality restaurants like Bokuncin and Dora.
Sutivan hosts several cultural and sporting events annually. Art enthusiasts can visit the Branislav Dešković Gallery nearby. Lastly, Sutivan enjoys competent health care facilities and a robust public infrastructure that complements the high-end lifestyle the town promotes.
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