Nested snugly against the Adriatic Sea in Croatia, Dugi Rat is a region boasting a rich and vibrant history. Famous for its historical sites such as the Old Roman Quarry and the Church of St. George, Dugi Rat effortlessly combines the old with the new. Located strategically within the Split-Dalmatia County, this commune is an attractive prospect for those interested in owning a piece of luxury on the stunning Croatian coastline. Its geographical location grants panoramic sea views, access to pristine beaches, and close proximity to the exciting city of Split.
The Exclusive Property Market in Dugi Rat
The exclusive property market in Dugi Rat is currently strong and stable. Over the past few years, Dugi Rat has experienced a surge in demand, particularly for luxury homes and apartments, which are now slightly outnumbering the supply. This is a reflection of the solid political and economic environment which Croatia and, in turn, Dugi Rat enjoys.
Costs to Expect When Investing in Luxury Real Estate
When buying a luxury property in Dugi Rat, there are a few additional costs you need to consider. The real estate commission in Dugi Rat is on average split equally between the buyer and the seller. Additional costs also include transfer tax, notary fees, and possible legal costs or construction inspection fees. Here, the transfer tax on private property rests at 3% of agreed property value, so it’s essential to factor this into your budget.
Wealth tax does not currently apply to private ownership of a house in Dugi Rat while income tax for residents stands at a competitive scale up to 40%.
Mortgage Requirements and Options
Mortgage requirements can differ from one financial institution to another, but most demand proof of stable income and set caps on how much of the purchase price can be borrowed. Usually, you can loan up to 80% of the property price, yet it may vary based on your financial situations and the loan policy of the finance provider.
The Cream of the Crop: Luxury Locations
The most sought after luxury homes are usually located along the seafront, with breathtaking views of the Adriatic. Accessibility to this area is excellent, with good road networks and proximity to Split providing efficient rail links.
Lifestyle and Facilities in Dugi Rat
Dugi Rat is within 20 kilometers of Split, the second-largest city in Croatia. It's also conveniently close to Split Airport, the country's second busiest airport, while the vicinity of the A1 Highway connects Dugi Rat to various national and international destinations.
Numerous educational institutions surround Dugi Rat, such as the University of Split. The local environment with abundant nature and a Mediterranean climate makes Dugi Rat a sportsman's paradise, offering activities like sailing, snorkeling, and beach volleyball.
Dugi Rat also offers an array of luxury lifestyle shops, high-quality restaurants, and famous hotels. The area is culturally rich, with annual events such as the Dugi Rat Summer Festival. It boasts several art galleries and theatres, including the famous Mestrovic Gallery.
Finally, top-notch public infrastructure ensures you're never far from top-quality healthcare facilities, like the Split Hospital and various private clinics in the vicinity.
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