In the heart of Istria, Croatia, lies the historical town of Svetvincenat, replete with captivating medieval charm and fascinating historical sights such as Morosini-Grimani Castle. Founded in the 13th century, Svetvincenat exudes old-world charm that appeals to historians and art lovers alike. The town boasts a prominent geographical location, sitting between larger cities of Pula and Rovinj, serving as a quaint escape immersed in Istrian rural tranquility. Historically rich, geographically unique and culturally distinctive cover this charming locale's surface, inviting the discovery of an elite lifestyle beyond.
The Luxury Real Estate Market in Svetvincenat
A buyer looking for unique properties in an opulent yet serene location will be intrigued by Svetvincenat’s luxury real estate market. The market proves to be quite stable, boasting a balanced demand and supply of upscale homes, which reflects the town's steady growth and development. Notably, buyers and sellers typically pay an approximate real estate commission of 3%. However, it's crucial to consider additional costs associated with such transactions, including transfer tax, notary fees, and possible legal or inspection costs. Currently, the transfer tax on private properties is around 3%.
What you Need to Know about Taxes and Mortgages in Svetvincenat
In Svetvincenat, the wealth tax on private home ownership varies but is notably low compared to other regions. If a privately owned home or apartment is sold as a primary residence, the profit made is generally tax-free. However, for second homes or vacation homes, taxes apply. Business entities in Svetvincenat are subject to about 18% corporate tax on profits, while residents are taxed on their income at rates following progressive bands.
When it comes to mortgages, ratios between personal and foreign capital differ according to the financial institution, as does the maximum mortgage one can get on a property.
Living in Luxury in Svetvincenat
Nestled around the enchanting Morosini-Grimani Castle and the beautiful central square are some of the most coveted residential areas in Svetvincenat. Luxury living here comes with accessibility; the town is well-connected by road to the nearest big city, Pula, located about 25 km away. The nearest international airports are Pula Airport and Trieste Airport in Italy, ensuring seamless connectivity for roaming globe-trotters.
Education in the vicinity isn't a concern with schools, colleges, and renowned universities just a short drive away. The Fairytale Istrian scenery allows for various outdoor activities, such as hiking and cycling, while exclusive shops and high-class restaurants cater to your luxury lifestyle needs.
Svetvincenat, part of Istria province, has roughly 300 inhabitants. Its serene environment, characterized by a Mediterranean climate and lush landscapes, offers the ideal backdrop for luxury living. The town is a hub of cultural festivals and sporting events, with some of the famous ones being Svetvincenat Festival of Dance and Non-Verbal Theatre and the Chess Festival.
High-end Amenities
In Svetvincenat, you'll find various high-end amenities such as well-renowned hotels Villa Miela and Abitare, as well as fine-dining restaurants like Konoba Kod Milana. The town also boasts several museums and galleries like Grimani Castle and a robust public infrastructure with several nearby hospitals and clinics ensuring residents' safety and well-being.
The blend of cultural richness, easy connectivity, and luxury offerings make Svetvincenat an attractive destination for those seeking to buy luxury properties that promise a unique lifestyle in a historical setting.
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