Nestled on the north coast of the Island of Brač in Croatia, Postira is a beautiful village steeped in rich history. It offers unparalleled views of the Adriatic Sea and stunning historical sites such as the Parish Church of St. John the Baptist and the neighbouring Lovrecina Bay, known for its archaeological remains. A former fishing village, Postira exudes Old-World Mediterranean charm. Today, this idyllic paradise is gaining popularity as a sought-after location for luxury real estate.
The Exclusive Property Market in Postira
The current luxury real estate market in Postira is thriving. Demand for exclusive properties, including seafront villas and contemporary apartments, is on par with the market supply. The tranquil setting combined with modern amenities creates a prominent attraction for those seeking a certain standard of living.
Economic and Political Stability
The economic and political climate in Postira aligns with the overall stability Croatia enjoys as an EU member. The clear and streamlined procedures for property transactions further contribute to a hassle-free buying experience.
Costs and Taxes in Real Estate Transactions
The typical real estate commission for buyers and sellers in Postira averages 3% plus VAT per party. However, additional costs, including a 3% transfer tax, notary fees, and legal costs, should be factored into your budget. Corporate tax on profits for registered companies is 18%, and for registered residents, the income tax ranges from 24-40%. The wealth tax on house ownership and tax on profit from selling a privately-owned property vary, it is recommended to consult a local tax expert for precise details.
Mortgage Requirements and Accessibility
General mortgage lending in Postira requires a substantial portion of the property's value as own capital, typically around 20-30%. Lenders also take into account an applicant's income and creditworthiness. The maximum mortgage amount is subject to recent updates which should be confirmed with local financial institutions.
Desirable Locations and Accessibility
The most sought after residential areas are along the coastal lines, offering magnificent sea views and quick beach access. Motorways connect Postira to Supetar, the island's main port, linking it to the mainland. The nearest major city is Split, roughly a ferry ride away, with the nearest international airport, Split Airport.
Education and Healthcare Facilities
While Postira boasts several primary and secondary schools, the University of Split is the nearest higher learning institution. Reputable healthcare facilities, such as the Brač Health Centre in Supetar, are easily accessible.
Attractions and Lifestyle
Postira marries untouched nature with a luxury lifestyle—fabulous restaurants, luxurious beachside lounges, and boutique shops contribute to an opulent experience. The annual cultural and sporting events, including the Brač Film Festival and Olive Picking Championship, enrich the local living. The art scene is thriving, with noteworthy galleries including the Ivan Rendic Gallery.
Public Infrastructure and Amenities
Postira boasts a robust infrastructure, meeting all modern-day demands. Reliable power, water supply, internet connectivity, and well-maintained roads facilitate a comfortable lifestyle.
To truly grasp all that Postira has to offer, one must dive into its culture, architecture, and landscapes—all playing parts in the allure that makes it an exceptional choice when considering luxury living possibilities.