Podgora, a scenic coastal town in Croatia, is steeped in rich history and enchanting landscapes. Its origins date back to the prehistoric ages, making it a trove of cultural relics and historical sights, including the revered Church of All Saints. Geographically, Podgora is nestled at the foot of the Biokovo mountain range, with the Adriatic Sea lapping at its doors, offering breathtaking views that allure luxury property investors from around the globe.
The Exclusive Property Market in Podgora
The current luxury property market in Podgora is stable, mainly driven by its enticing geographical location and lifestyle offerings. The demand for exclusive homes and apartments remains balanced with the supply, fueling a healthy market for discerning buyers.
The Economic and Political Climate of Podgora
The economical and political climate in Podgora is stable, reinforcing its position as an attractive investment destination. Investors can expect a generally good rate of return on their investments, especially in the real estate sector.
Buying a Luxury Home in Podgora: Costs and Taxes
Potential buyers should factor in costs such as transfer tax, realtor commissions, notary fees, and possible legal fees. While the real estate commission varies, the transfer tax is 3%, subject to the value of the property. The wealth tax on private home ownership is fairly nominal.
For a main residence, the profit made on selling a privately owned home or apartment is not taxed. However, for secondary or vacation homes, there is a capital gains tax. Corporate tax on profits stands at 18%, while the income tax can range from 24% to 36%, depending on the income slab.
Mortgage Requirements in Podgora
Mortgage requirements in Podgora depend on several factors including the buyer's capital and income. Lenders typically offer mortgages up to 50% of the property purchase price.
Residential Areas in Podgora and Accessibility
Popular luxury residential areas in Podgora include the waterfront locales and the suburbs nestled in the Biokovo mountain range. The town boasts well-developed transport links, easily connected by road with neighboring cities. The nearest urban hub is Split, approximately 70km away. The closest airports include the Split Airport and Dubrovnik Airport, for both national and international connections.
Education and Healthcare in Podgora
Podgora hosts reputable educational institutions and is in close proximity to universities in major cities. High-quality healthcare services are available with several hospitals and clinics in and around Podgora.
Life in Podgora
Situated in the Split-Dalmatia county, Podgora has a population of around 1,500 inhabitants dwelling amidst tranquil nature and glistening Adriatic waters. The Mediterranean climate enhances the outdoor and sporting activities such as sailing, beach volleyball, trekking, and more.
Luxury lifestyle shops adorn the streets of Podgora, alongside high-quality hotels like Hotel Medora Auri and upscale restaurants offering regional and international cuisine. Historical festivals, cultural events, and art galleries create a vibrant social scene, enriching the luxury lifestyle in Podgora.
Infrastructure and Amenities in Podgora
The public infrastructure in Podgora is well-developed, supported by ample amenities for a comfortable and luxurious lifestyle, ensuring a valuable investment for those seeking an exclusive property in Podgora.
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