Hotel, hotel in Dubrovnik-Neretva. Town - Korcula
On the south side of Korcula, this coastal tourist property with 5 apartments and a garage, located in the first line to the water, occupies 396 m2 on a compact land plot of 224 m2, offering direct access to the Adriatic Sea.
The first floor with an area of 57 m2 includes a garage and a cozy independent one-bedroom apartment.
The second floor occupies 115 m2 and includes a one-bedroom apartment with two and an additional room with a three-bedroom, and a three-bedroom space.
In the attic - with an estimated area of 78 m2 - you will find a one-bedroom apartment with a loggia, as well as a separate room equipped with a grill and its own terrace for evening dinners.
Situated in a quiet, sheltered bay on the sunny south coast of Korcula, the house is ideal for tourist rentals. It is fully furnished and equipped, with air conditioning in all apartments.
Ref: RE-LB-BL12161-1When buying real estate in Croatia, the buyer incurs additional costs of about 7% of the sale price: property transfer tax (3% of the value of the property), agency commission (3% + VAT), lawyer fee (about 1%), notarial fee, court fee, payment for the services of a certified translator. The signing of the Agency Agreement (by 3% of the commission + VAT) precedes the display of objects.
In Croatia a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Korcula; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Croatia finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Croatia takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Korcula short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (797 832 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Korcula: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
831 075 $
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