Nestled on the charming island of Brač in the Adriatic Sea, Selca is famed for its long history and picturesque beauty. The region, teeming with ancient stone quarries and storied edifices, carries a sense of the past within its confines. Extraordinary religious landmarks like the Church of Christ the King and the Chapel of St. Roch echo timeless brilliance. Located just over two kilometers away from the sea, Selca offers a unique blend of serene Mediterranean lifestyle and breathtaking natural landscapes.
The Exclusive Property Market in Selca
While the global real estate market continues to shift, Selca’s exclusive property market remains robust and promising. Demand for luxury real estate matches the supply, offering a range of stunning homes and apartments that seamlessly incorporate the region's architectural history with luxurious modern comforts.
Political and Economic Stability
Enjoying the overall stability of Croatia, a European Union member, Selca continues to maintain a stable political and economic landscape ideal for real-estate investments.
Costs Involved in Buying Property
In addition to the property's price, other costs that buyers should consider in Selca include the real estate commission, transfer tax, notary fees, and potential legal or construction inspection charges. The average commission for real estate agencies varies, while the transfer tax stands at 3%.
Taxes in Selca
Wealth taxes and taxes on profit from selling privately owned properties are regulated under Croatian law. There are specific tax exemptions on profits made from selling a main home, depending on how long one has lived there. Profits from selling secondary properties are subject to capital gains tax. Residents registered in Selca are subject to the national income tax rates, and registered companies follow the standard corporate tax rates.
Mortgage Requirements
When seeking a mortgage in Croatia, banks typically require a down payment of around 20% of the property's total value. Additionally, the applicant's monthly mortgage payment usually should not exceed one-third of their monthly income.
Luxury Living in Selca
Selca radiates a luxury lifestyle, with its idyllic stone houses and apartments offering scenic views of the Adriatic Sea. The most coveted residences are situated in tranquil neighborhoods around Zaseoci and Novo Selo.
Accessibility
The island of Brač, where Selca is located, is accessible by air, sea, and road. The nearest city, Split, is about two hours away, including a ferry crossing.
Education and Healthcare
The educational and healthcare needs of Selca residents are well-catered for with a primary school in the locality, several universities in Split, and a hospital on the island.
Recreation and Luxury Amenities
The inflow of water from the Adriatic Sea crafts a gentle climate and a lush environment, setting the stage for sports and outdoor activities like sailing, hiking, and cycling. The luxury lifestyle extends to high-end boutiques, well-known hotels such as the Zlatni Rat, top-rated restaurants, and vibrant nightlife .
Culture in Selca
Cultural enthusiasts are treated with a smorgasbord of delights in Selca. Annual events, museums, galleries, and theaters in the region constantly display charming works of art, while regular town celebrations keep the convivial spirit alive.
Public Infrastructure
Selca boasts sound public infrastructure, enhancing the quality of life for residents and making life easier for international travelers and homeowners. Its comprehensive municipal services, public transport, and accessibility make it an exquisite location for luxury living.
Embrace a lifestyle imbued with history, culture, natural beauty, and luxury in the remarkable town of Selca. The journey to purchase your dream luxury home in Selca begins here.
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