Nestled in Croatia's Istria County, Žminj boasts a rich history dating back to the early middle ages. This small town is home to numerous historic sights, including the medieval Church of St. Michael and the fortified town, evident of its historical significance. Conveniently situated in the heart of Istria, Žminj provides easy access to the region's various attractions. Its central location complements the tranquillity, ornating Žminj ideally for luxury living amidst history and serenity.
The Exclusive Property Market in Žminj
The exclusive property market in Žminj is currently stable. Its attractiveness is highlighted by unique stone houses or modern, luxurious villas set in breathtaking landscapes. The demand and supply for luxury homes and apartments in Žminj are well-balanced, reflecting the town's steady growth and the subtle yet sophisticated taste of its inhabitants. The town's political and economic situation is stable, intensifying the market appeal.
Costs Associated with Buying a Luxury Home in Žminj
The average real estate commission paid by a buyer in Žminj varies, typically ranging between 2-3%. Sellers may also pay a similar commission rate. Additional costs to be considered when purchasing a luxury home in Žminj include notary fees, legal costs, transfer tax, typically around 3-4%, along with potential construction inspection expenses.
Tax obligations in Žminj depend on the homeowner's situation. The standard wealth tax applied to private home ownership is moderate. For residents, the profit from selling a home used as the main residence may be tax-exempt, provided certain criteria are met. Taxes for selling second homes or holiday homes apply. Registered companies in Žminj pay a standard corporate tax. The income tax for residents is also set at competitive rates.
Mortgage and Property Purchase
The mortgage requirements in Žminj are often related to the ratio between own and borrowed capital, varying across banks. Historically, mortgages cover up to around 60-80% of the purchase price.
Residential Areas and Accessibility
The most coveted residential areas in Žminj are those offering panoramic views of the surrounding landscapes, often close to the town's historical centre. Žminj is well-connected by road and regional rail services to other parts of Istria. The town is a short drive away from Rovinj, a major city in the region. Both Pula International and Rijeka International airports are within accessible distance.
Education, Nature and Lifestyle
Close to Žminj, various educational institutions ranging from primary schools to universities can be found. The town is embedded in an attractive environment, offering a balanced mixture of nature and water landscapes. Žminj enjoys a Mediterranean climate favorable for outdoor activities including hiking, biking, and fishing. Luxury lifestyle shops can be discovered in adjacent cities.
Amenities and Attractions
High-grade hotels and popular restaurants can be found nearby, serving traditional and international cuisine, whereas the nightlife is more laid-back, reflecting Žminj's charm. Annually, the Bartulja fair stands testament to the town's lively culture. The surrounding also offers museums and galleries, while local hospitals and clinics provide good healthcare services. Public infrastructure and amenities availability in Žminj is commendable, further cultivating its appeal for luxury living.
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