Kastav boasts a rich history dating back to the medieval period, evident in its well-preserved historical sites such as the Kastav Castle and the Church of St. Helen. Nestled on a hilltop in the Primorje-Gorski Kotar County, this Croatian gem provides breathtaking views of the Adriatic Sea and the surrounding lush forests. Kastav's geographical location allows for easy access to both coastal attractions and serene inland retreats. As a town thriving with culture and history, Kastav promises a unique blend of old-world charm and contemporary luxury living.
Exclusive Property Market
Currently, the exclusive property market in Kastav is quite strong, driven by growing demand among local and international buyers seeking luxury homes. The supply of luxury homes and apartments, however, remains limited, leading to a competitive market environment. The political and economic situation in Kastav is stable, providing a secure backdrop for real estate investments.
Real Estate Commissions and Additional Costs
When purchasing a house in Kastav, buyers typically pay an average real estate commission of around 3%. For sellers, the commission also tends to be about 3% of the sale price. Additional costs include a transfer tax of 3% on private property, notary fees, realtor commissions, and potential construction inspection or legal costs. There is no wealth tax on the private ownership of a house in Kastav.
Tax Implications
Profits made from selling a privately owned home or apartment used as a main residence in Kastav are not subject to capital gains tax. However, selling a second or vacation home may incur taxes on any profit generated from the sale. Corporate tax on profits for registered companies in Kastav stands at 18%, while the income tax for registered residents is progressive, ranging up to 36%.
Mortgage Requirements and Financing
Mortgage requirements in Kastav generally necessitate a healthy ratio between own and foreign capital. Typically, banks in Kastav may offer a mortgage of up to 70-80% of the purchase price, depending on the buyer's financial standing and income.
Sought-After Residential Areas
The most expensive and sought-after residential areas in Kastav include the neighborhoods near the historic center and those offering panoramic sea views. These areas represent the epitome of luxury living with their exclusive homes and stunning landscapes.
Accessibility and Transportation
Kastav is easily accessible by road, with efficient connections to main highways. The nearest major city is Rijeka, located just 10 kilometers away. For international travel, Rijeka Airport is the closest, situated about 30 kilometers from Kastav. Other accessible airports include Pula Airport and Zagreb Airport.
Education Institutions
Prominent schools in the vicinity of Kastav include the international school in Rijeka and nearby universities such as the University of Rijeka, known for its diverse academic programs.
Living Environment
Kastav is set in a picturesque environment characterized by lush forests, clear waters, and rolling hills. The town enjoys a Mediterranean climate with mild winters and warm summers, perfect for a year-round luxury lifestyle.
Sports and Outdoor Activities
Kastav offers a wealth of sports and outdoor activities, including hiking, cycling, and water sports. The picturesque landscape provides an ideal setting for both leisurely and adventurous pursuits.
Luxury Shopping and Lifestyle
For those who enjoy a luxury lifestyle, Kastav offers high-end shops, upscale boutiques, and exclusive local markets. In addition to shopping, Kastav is home to renowned restaurants such as Kukuriku and premium hotels like Hotel Kukuriku, enhancing the town’s luxury appeal.
Cultural Events and Institutions
Kastav hosts several annual events, including the Kastav Cultural Summer and Guitar Festival, celebrating local and international arts. Cultural aficionados will appreciate nearby museums and galleries, such as the Maritime and History Museum of the Croatian Littoral in Rijeka.
Healthcare Facilities
Residents of Kastav have access to excellent healthcare facilities, including the Clinical Hospital Center Rijeka and specialized clinics, ensuring high-quality medical services.
Public Infrastructure and Amenities
Kastav prides itself on its well-developed public infrastructure and a wide range of amenities. The town offers excellent public services, reliable utilities, and a strong sense of community, making it an ideal place for luxurious, comfortable living.