Tinjan - Kanfanar - Funtana

Rooted in centuries of history, Sveti Lovreč, nestled on Croatia's stunning Istrian Peninsula, proudly preserves its rich cultural heritage. The preserved town walls, historical sites like the 8th-century Basilica of St. Martin, and the ancient Romanesque portico add a timeless charm to the landscape. Geographically, Sveti Lovreč sits strategically in the heart of the Istrian Peninsula, balancing its serene, scenic beauty with the vibrancy of its neighboring towns. Its allure often draws individuals seeking a taste of luxury and tranquillity, making Sveti Lovreč a highly sought-after location for luxury real estate.

Luxury Home Market in Sveti Lovreč

The exclusive property market in Sveti Lovreč is strongly stable, tantalizing the interest of national and international clientele. The abundance of luxury homes and apartments evens out the demand, putting potential buyers in control to make sound investment decisions. Furthermore, the political and economic stability in Sveti Lovreč reassures potential buyers of a secure investment.

Financial Aspects of Buying Luxury Homes in Sveti Lovreč

Buyers should be prepared for the real estate commission, usually around 3 to 6% to the agent. The seller pays a similar commission. Additional costs include transfer tax, notary fees, possible construction inspection or legal costs. The Republic of Croatia sets the transfer tax on private property at 3%. The wealth tax in Croatia doesn't exist, making Sveti Lovreč a favorable investment ground. Sellers can rejoice as Croatia doesn't tax the profit made when selling a privately owned main residence, this includes second homes as well. The corporate tax on profits for registered companies stands at 18%, while income tax for registered residents varies from 24 to 36%. Mortgage policies allow potential owners to borrow up to 80% of the property value in Sveti Lovreč, although this largely depends on individual income and financial circumstances.

Living in Sveti Lovreč

Sveti Lovreč is known for its sublime locations. Some of the coveted residential areas are Rabac, a harbor town with panoramic sea views and villas dotting its hillsides, and the bustling city center with its glorious, well-preserved architecture providing an idyllic setting for luxury apartments. Connected with the wider Istrian Peninsula via well-maintained roads and railways, Sveti Lovreč is within easy reach of bigger cities like Poreč (around 14km away) and Pula (with an international airport about 50km away). Well-known schools and universities like the Juraj Dobrila University of Pula are a short commute away, making Sveti Lovreč a suitable base for families. Sveti Lovreč is home to around 1000 inhabitants. It offers a diverse range of landscapes, from lush forests to calming waters and picturesque countryside, perfect for numerous outdoor activities like hiking, cycling, and horse riding. The town is packed with high-end boutiques, luxury lifestyle shops, and well-known restaurants like Konoba Pino. Events such as the annual Sveti Lovreč Summer Festival offer cultural enrichment. Art lovers can immerse themselves in local culture at renowned galleries and theaters in Poreč, while the General Hospital Pula caters to health needs. The public infrastructure in Sveti Lovreč is robust, with readily available amenities, making living here a seamless, enjoyable experience.