Labin - Svetvincenat - Žminj

Located in the heart of Istria, Croatia, Barban is a small medieval town teeming with historical sights, from the fourteenth-century castle and church to its famous ancient monument, the inscribed stone of Majkuna. It is surrounded by pristine green fields as far as the eye can see, showcasing a delightful harmony between the old and new. The providential geographical location of Barban, nestled between the larger cities of Pula, Pazin, and Labin, wives it a significant strategic position. And with its rich history dating back to the era of the Templars, Barban presents a blend of historical allure and contemporary opulence.

The Luxury Real Estate Market in Barban

The exclusive property market in Barban is stable; hence, providing real estate investors with consistent growth and minimal risk. The demand for luxury homes in Barban adequately aligns with the supply, making Barban a balanced housing market. The political and economic situation in Barban is stable. It encourages investment in luxury real estate, providing both long-term residents and short-term visitors with an array of benefits, from lucrative investment opportunities to an idyllic lifestyle.

Costs Associated with Buying Luxury Real Estate in Barban

The costs associated with buying a luxury home or apartment in Barban include a 3% real estate commission, a transfer tax, notary fees, and possible construction inspection and legal costs. Both the buyer and seller of the property pay the real estate commission. The current transfer tax on private property in Barban is 3%. There is also a wealth tax for private ownership of a house which varies depending on various factors. Tax on profit made when selling a privately owned home or apartment that is a main residence in Barban does not apply. However, tax applies for a secondary home used for vacations or occasionally. Corporate tax on profits for registered companies is 18%, while the income tax for registered residents ranges from 24% to 36%.

Mortgage Requirements in Barban

The general mortgage requirements for buying a house in Barban stipulate a favorable ratio between own and foreign capital, and strong income. The maximum mortgage one can get on the purchase price varies depending on individual's circumstances and lender's criteria.

Living in Barban

Accessibility to Barban by road is exemplary. Its strategic location makes it easily accessible from prominent cities. Barban is approximately 28 km from Pula, the nearest large city. The town is serviced by Pula Airport, at a distance of 27.4 km, which offers both national and international lines.

Academic Institutions and Health Amenities

Several reputable schools and universities, such as Pula University, surround Barban. The town also has well-equipped health facilities, including the General Hospital Pula.

Barban’s Luxury Lifestyle

Barban offers an array of sports and outdoor activities, like the famous Trka na prstenac, a traditional equestrian competition. The town's luxe lifestyle is complemented by its high-quality shops, famous hotels, and well-known restaurants.

Cultural and Entertainment Attractions in Barban

Barban offers a host of cultural attractions, including historic museums and theaters. Annual sporting events attract international attention. The town's public infrastructure and the availability of amenities are well-developed, fitting for its status as a luxury residential area.