Kostrena - Kraljevica - Rijeka

Situated in the northern part of the Adriatic Sea, lies the picturesque town of Bakar, a hidden gem known for its rich history and stunning architecture. Home to such historical sights as the Turkish House and Bakar Castle, this port town serves as a reminder of the region's historical significance. Due to its location, Bakar offers the best of both worlds – breathtaking views of the sea and proximity to the lush inland landscapes of Kvarner. Its blend of history, location, and natural beauty enhances the allure of the luxury home and property market here.

The Property Market in Bakar

Currently, the exclusive property market in Bakar is strong. The demand for luxury homes and apartments continues to grow, yet it balances well with the available supply immensely. While the political and economic situation in Bakar is stable, providing a firm foundation for real estate investments. When buying a house in Bakar, the average real estate commission varies depending on the value of the property. A buyer could expect to pay around 2% to 3% of the property's final sale price as commission. Additionally, the seller's commission usually ranges between 1% and 3%. But this varies greatly based on the brokerage firm representing your property.

Additional Costs Associated with Luxury Home Buying

There are several additional costs you should factor in when purchasing a luxury home in Bakar. Transfer tax on private property in Bakar is currently set at 3%. Legal and notary fees can vary, but a homebuyer should set aside an additional 1-2% of the purchase price to cover these costs. Property owners subject to wealth tax and it varies depending on the net worth of the property. As for taxation on profit made from selling a home, owners using their property as their primary residence are exempt from this tax. However, if the property was a vacation or a second home, tax applies. Corporate tax on profits for registered companies stands at 18% in Bakar, while the income tax for registered residents ranges between 24% to 36% based upon income brackets.

Financing Your Luxury Home

Mortgage requirements usually necessitate a balance between your own capital and loaned money. Lenders recommend that borrowers shouldn't use more than 28% of their income on housing costs. The maximum mortgage one can get will typically not exceed 80% of the purchase price.

Bakar - The Epitome of Luxury Living

Bakar is home to several sought-after residential areas such as Kostrena, a location boasting breathtaking views of the sea. The town is easily accessible by road and rail, making it a convenient place to live. It’s located just 13 minutes away from the city Rijeka, the third-largest city in the country. Accessibility is also enhanced by its proximity to major airports: Rijeka Airport (30 minutes), Pula Airport (90 minutes), and Zagreb Airport (2 hours). Bakar shows strength in its educational sector, being close to the University of Rijeka, and numerous international schools. Its pefect blend of nature and vibrant lifestyle attracts those looking for an authentic yet luxurious living experience. Its environment is adorned with hiking trails, sailing spots, luxury shops and exquisite restaurants. Annual events such as the 'Bakarska vinska cesta', a wine route event, add to the charm of Bake. In terms of public services, Bakar is served by several hospitals including the Clinical Hospital Center Rijeka, and the infrastructure is well-developed. Step into a luxury lifestyle imbued with history, nature and a spirited community in Bakar.