Stari Grad - Starigrad - Milna

Situated on the Adriatic Sea, Hvar presents a perfect blend of rich history and luring geography. Settled as early as the Neolithic period, the city is adorned with stunning historical buildings such as the St. Stephen's Cathedral and the marvelously preserved Hvar fortress. Furthermore, Hvar sits strategically on a namesake island in the southern Croatia, making it a gateway to the exquisite Dalmatian archipelago. This location, combined with its sunlit vineyards and lush olive groves, make Hvar a sensational setting for owning luxury homes.

The Exclusive Property Market in Hvar

The luxury property market in Hvar has remained stable, with striving demand matching the supply of exclusive homes and apartments. Regardless of the current political and economic stability, the city continues to attract high-net-worth individuals looking for a blend of Mediterranean lifestyle and high-end living.

Costs Associated with Buying Luxury Homes in Hvar

When purchasing a luxury home in Hvar, a buyer should consider several additional costs beyond the property price. These costs include transfer tax, realtor commissions, notary fees, and potential inspection or legal charges. Buyers typically pay a real estate commission, with the average rate subject to negotiation and industry norms. A transfer tax, which is a particular percentage of the property's worth, is also payable upon private property change of hands.

Taxes for Property Owners and Registered Companies in Hvar

Furthermore, there is a wealth tax on the private ownership of homes in Hvar. Tax liabilities on profit from selling private homes depend on the usage of the property - main residence or vacation home ownerships have different tax implications. Just as for residents, registered companies in Hvar are subject to a corporate tax on profits.

Mortgage Requirements for Buyers in Hvar

For mortgages, buyers should acquaint themselves with requirements regarding the ratio between personal and foreign capital and requisite income levels. The maximum mortgage one can attain on a purchase price depends on these factors and the buyer's financial standing.

The Residential Landscape of Hvar

Hvar boasts several sought-after residential areas where luxury homes are situated. These include the picturesque Old Town, the serene hillside villages surrounding St. Nicholas, and the glamorous Palmižana. Hvar, truly an island paradise, isn't connected by road or rail; but it is easily accessible by sea from the nearby major city of Split which is about 20 nautical miles away. The nearest national airports are in Split and Dubrovnik, while the nearest international airport is located in Split.

Education, Healthcare and Public Infrastructure in Hvar

Hvar is home to several prestigious schools and education institutions, providing top-notch education services. The city's healthcare needs are catered to by a handful of well-equipped hospitals and clinics like the Hvar Health Center. Public infrastructure and amenities are continually developed, ensuring residents enjoy a high quality of life.

Life in Hvar

With warm Mediterranean climate, stunning natural landscapes like the Blue and Green caves, and myriad outdoor activities, Hvar offers an idyllic island life. The city boasts numerous luxury lifestyle shops, renowned hotels like the Adriana Hvar Spa Hotel, gourmet restaurants and hip nightlife spots. The annual return of festivals like the Hvar Summer Festival and the Grape Harvest Festival; and cultural hotspots like the Hvar Heritage Museum and the Arsenal Theatre, ensure a culturally-rich lifestyle. All these coupled with a steady luxury property market, make living or investing in Hvar an irresistible proposition.