Perched on the western coast of the Istrian peninsula, Vrsar is a captivating little town steeped in medieval history and crowned with grand views of the sparkling Adriatic Sea. It's known for its remarkable blend of ancient sights, including the Romanesque gates, the enticing old town and the illustrious Church of St. Martin. Lying just 30 km away from Pula, Vrsar enjoys strategic proximity to other major Istrian cities, whilst being conveniently situated near national and international airports. Nested between the sea and the Lim Bay, this enchanting coastal town offers an irresistible appeal to the luxury clientele seeking a serene yet opulent lifestyle.
Vrsar Exclusive Property Market
The current exclusive property market in Vrsar is stable with a robust influx of international investors. Luxury homes and apartments in Vrsar are in high demand, and while supply is adequate, it's a market brimming with potential for discerning buyers.
Political and Economic Stability
Political stability in Vrsar, and indeed Istria as a whole, is strong and dependable. The economic initiative fostered by local government bolsters the economic climate, making Vrsar a reliable location for investment.
Cost of Buying in Vrsar
When buying a property in Vrsar, as a buyer, expect to accommodate an average real estate commission of around 3%. Sellers usually also pay a similar fee. Additional budgeting should factor in transfer tax, notary fees, and possible construction inspection or legal costs. The transfer tax on private property is currently 3%.
Tax Considerations in Vrsar
The wealth tax on private home ownership isn't applicable. However, profits made when selling a privately-owned property that's used as a main residence is subject to capital gains tax, unless exempted by Croatian laws. Similarly, profits earned from selling a vacation home also invite capital gains tax. As for corporate tax on profits for registered companies, it's currently at 18%. Registered residents of Vrsar enjoy a progressive income tax, from 24% to 36%.
Mortgage in Vrsar
The general mortgage requirements in Vrsar hinge on an individual’s financial standings. In most cases, you can secure up to 70% value of the property as a mortgage.
Most Coveted Residential Areas in Vrsar
Luxury homes are prominently located around the old town and seafront areas of Vrsar, where residents get to bask in the lush landscapes and magnificent sea views.
Accessibility of Vrsar
Vrsar is easily accessible by road, with well-connected highways. Although there is no direct rail connectivity, the nearby Pula station serves as a convenient rail access point. Vrsar is approximately 52 km away from Pula, the nearest big city. Pula Airport, serving national and international flights, is nearly a 45-minute drive away.
Education and Healthcare in Vrsar
Several quality educational institutions lie within reasonable proximity of Vrsar including the University Juraj Dobrila Pula. Top clinics and hospitals, such as General Hospital Pula, are also within easy reach.
Vrsar – A Melange of Luxury & Leisure
Vrsar offers an array of sports and outdoor activities like sailing, tennis, and cycling. Luxury lifestyle enthusiasts can indulge in shopping at Monte Rosso, and an exquisite dining experience at the Trošt. Famous cultural landmarks include the Dusan Dzamonja Sculpture Park and the Vrsar Town Museum.
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