Luxury living in Vela Luka

Lying on the western coast of the island of Korčula in Croatia, Vela Luka carries a rich historical heritage and enchanting natural scenery since ancient times. This charming town is famous for the Vela Spila Cave, a pivotal archaeological site testified to be inhabited since the Stone Age. The architectural granaries, old churches, and remnants of Roman villae rusticae, further enrich its vibrant historical essence. The place is a beautiful peninsula, surrounded by the mesmerising Adriatic Sea and lush green hills, making it the perfect place for luxurious living.

The High-End Real Estate Scene in Vela Luka

The exclusive property market in Vela Luka remains stable and strong. The luxury homes and apartments in Vela Luka continue to lure prospective homeowners with their allure and sophistication, presenting a balance between supply and demand in the market.

Political, Economic Scenario and Associated Costs

The political and economic situation in Vela Luka is stable, encouraging investments in the region. However, several additional costs might come into play when buying a luxury home or apartment in Vela Luka. This includes a 4% transfer tax on private property, realtor commissions, notary fees, legal costs, or construction inspection fees. Both buyers and sellers need to account for real estate commission fees, which typically ranges between 3-6%.

The Tax Structure in Vela Luka

In Vela Luka, homebuyers must account for the wealth tax and the tax on the profit when selling privately-owned property. The wealth tax and the income tax for registered residents vary. However, the corporate tax rate for registered companies stands at 18%.

Financial Matters: Mortgage and Capital

Several elements determine the mortgage requirements, such as the ratio between personal and foreign capital, income requirements among others. The maximum mortgage a buyer can obtain on the purchase price depends on individual circumstances, and prospective buyers should consult with financial institutions for precise information.

Luxury Living in Prime Neighborhoods of Vela Luka and Accessibilities

Vela Luka is home to some of the most prestigious residential areas, blessed with the proximity of the beautiful coastline and panoramic sea views. Improvements in road and rail connectivity have simplified the journey to the nearest city of Split, lying 150km away. The nearest airports are Split Airport and Dubrovnik Airport, which are around 70km and 120km away respectively.

Educational Institutions and Major Facilities

Vela Luka boasts some renowned education institutions within reach, chief among them being the University of Dubrovnik. With a population of over 4,000 inhabitants, Vela Luka takes pride in its well-maintained public infrastructure and amenities. The town has hospitals and clinics are located, ensuring quality healthcare services.

Recreation and Lifestyle in Vela Luka

Nestled in the Dubrovnik-Neretva County, Vela Luka’s landscape comprises stunning beaches, coves, and untouched nature, catering to different outdoor activities like hiking, diving, and boating. It also offers ample shopping opportunities with its luxury lifestyle shops, high-quality hotels, restaurants, and vibrant nightlife. An annual highlight is the International Folklore Festival, providing a taste of local culture. Art lovers can visit the house-turned-museum of Ivan Rendić, a renowned Sculptor. Overall, Vela Luka, with its balanced blend of rich history, natural beauty, and modern conveniences, poses as an attractive destination for luxury homebuyers.

Living in the region

Blato - Korčula - Jelsa

Living in Blato

Nestled in the heart of the Croatian island of Korčula, lies the charming town of Blato, a place defined by its rich history, spectacular landscapes, and luxury lifestyle. Established in the 17th century, Blato is home to various historical structures, like the Parish Church of All Saints and the noble Captain's palace, preserving stories of the town's intriguing past. Geographically, Blato is situated amidst lush vineyards and olive groves, offering eye-soothing green expanses and paving a perfect path to the Adriatic Sea. Its central island location places it conveniently amidst the serene Mediterranean environment while retaining easy proximity to other integral parts of Croatia.

Living in Korčula

Korčula, a small Croatian island nestled in the Adriatic Sea, boasts a rich history that dates back to prehistoric times. The island, nicknamed 'Little Dubrovnik', is home to preserved medieval squares, churches, and palaces, standing as a testament to the sophistication of its history. Placing an emphasis on architecture, Korčula showcases a blend of Gothic, Renaissance, and Baroque styles set against the striking background of the Adriatic's turquoise waters. Strategically situated in Southern Dalmatia, Korčula is surrounded by other Adriatic islands such as Hvar and Mljet, offering a unique picturesque setting.

Living in Jelsa

In the heart of the Croatian island of Hvar lies the picturesque town of Jelsa, a location steeped in a rich history and adorned with well-preserved historical sites that bear testament to its past. Founded by Greek settlers, Jelsa is home to sites such as St. Mary's Church and fortress Grapčeva špilja, that provide glimpses into the town's intriguing heritage. Nestled on the northern coast of the island, Jelsa boasts of a sublime geographical location encased by turquoise waters of the Adriatic Sea and lush hills of Mediterranean vegetation.

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