Malinska-Dubašnica - Vrbnik - Dobrinj

Steeped in a rich historical tapestry, Krk, the prominent city on the island of the same name in Croatia, is a land of charismatic beauty and cultural antiquity. Housing spectacular medieval sights, such as Frankopan Castle and the Krk Cathedral, the city is an idyllic blend of the past and the present. Nestled in the north of the Adriatic Sea, Krk is the largest island in Croatia, acclaimed for its stunning coastlines, pristine forests, and captivating geographical landscapes.

The Luxury Real Estate Market in Krk

The exclusive property market in Krk is strong and stable, driven by a high demand and ample supply of luxury homes and apartments. The political and economic environment is robust, fostering a thriving ground for real estate investments. Upon purchasing a property, buyers should consider additional costs such as the transfer tax, realtor commissions, notary fees, and potential construction inspection or legal costs. Regarding real estate commission, both sellers and buyers typically pay approximately 3% each, depending upon the agreement with the real estate agency.

Tax Considerations

In terms of taxation, the transfer tax for private properties in Krk stands at 3%. Meanwhile, profit earned from selling a main residence is generally tax-free, but if a second home or vacation home is sold, capital gains tax, which ranges from 10% to 36%, may apply depending on the length of ownership. Corporate tax for registered companies in Krk is at a rate of 18% while registered residents are accounted for an income tax rate up to 40%.

Property Financing and Mortgage Requirements

As for property financing, the general rule for a mortgage in Krk dictates a substantial own capital involving around 20% to 30% of the property’s value, with the remaining sum covered under foreign capital. The maximum mortgage one can acquire on the purchase price generally stretches up to 70%.

The Elite Residential Areas of Krk

Krk city boasts several affluent residential areas where deluxe homes are situated, such as Linardići, Poljica, and Muraj, known for their panoramic sea views, tranquil ambience and close proximity to the city centre.

Accessibility and Proximity

Krk is conveniently accessible by road via a tolled bridge and slightly distant from the railway network. The island is approximately two hours away from the nearest big city, Rijeka. The Rijeka Airport, located on the island itself, services both national and international flights, providing convenient air connectivity to the residents.

Education, Healthcare and Infrastructure

Prominent educational institutions in Krk include the University of Rijeka, near the island. Reliable healthcare provisions can be found at the General Hospital Dr. Josip Benčević, within close proximity to the island. Worth noting is Krk’s well-structured public infrastructure, abundant amenities, and superb utilities.

Natural Beauty, Climate and Outdoor Activities

Krk is a culmination of superb landscapes, crystal clear waters, and verdant nature. The island's Mediterranean climate makes it an ideal location for year-round residence. Outdoor enthusiasts can indulge in various sports and activities, including sailing, cycling and hiking.

Luxury Lifestyle and Culture

Krk offers palatial shopping avenues with luxury lifestyle shops. The island is also home to five-star hotels like the Hotel Marina, gourmet restaurants, exclusive nightlife spots and entertainment venues. Cultural patrons take delight in the Krk Summer Festival, while prominent museums like the Krk Town Gallery keep art and culture lovers engrossed. At the heart of its luxurious proposition, Krk remains a treasure trove of historical heritage, contemporary extravagance and natural splendour – an ideal abode for those seeking an upscale lifestyle amidst the finest that life has to offer.