Karojba - Oprtalj - Vižinada

Nestled in an elevated location overlooking the Mirna River valley is the picturesque city of Motovun in Croatia. Renowned for its architectural elegance, the city's historical core exhibits astounding Venetian colonial architecture, with walls dating back to the 11th and 12th centuries. Motovun's strategic location along the Istrian peninsula and striking sights, such as the Church of St. Stephen and the Romanesque Municipal Palace, add to its allure as a place of residence.

Luxury Real Estate Market in Motovun

Currently, the exclusive property market in Motovun is strong due to its global recognition as a luxury destination. The demand and supply for luxury homes and apartments portray a balanced market scenario. Despite the global economic fluctuations, the political and economic situation in Motovun remains stable, creating a safe investment environment.

Real Estate Commission and Additional Costs in Motovun

In Motovun, real estate commissions average around 3% for buyers and sellers. However, additional costs can include transfer tax, notary fees, and possible legal or inspection fees depending on the complexity of the purchase. The transfer tax on private property is approximately 3%.

Taxations in Motovun

The wealth tax on the private ownership of a house is minimal, while the corporate tax for registered companies stands at 18%. Residents can expect an income tax rate of up to 36%. Profit made from selling a main residence or second/vacation home is typically not taxed.

Mortgage Requirements and Accessibility

General mortgage requirements demand a prudent ratio between domestic and foreign capital, alongside decent income requirements. Maximum mortgage one can get onto a purchase price in Motovun is approximately 80%. Motovun is easily accessible via road and a good rail network.

Location and Amenities

Motovun, located in Istria County, has approximately 500 inhabitants and is about an hour's drive from the nearest big city, Pula. The city is about 2 hours away from Pula Airport, the nearest international airport. Motovun is surrounded by hilly landscapes, truffle-rich forests, and vineyards and superb local amenities round off the luxury lifestyle in Motovun.

Luxury Lifestyle in Motovun

Motovun offers numerous outdoor activities, luxury shops, top-notch hotels like the Hotel Kastel, iconic restaurants like Mondo Tavern, and the annual Motovun Film Festival. The city is also rich in cultural institutions like the City Gallery and the Museum of Motovun. Ensuring a high-quality living standard are the city’s well-maintained public infrastructure and amenities, along with hospitals and clinics such as the Istarske Toplice offering premium healthcare services.