Renovated apartments with wellness, directly at the sea, Dubrovnik region
In Komarma, nearby the much beloved Dubrovnik, these completely renovated luxury apartments are nearly finished. With indoors swimming pool and fitness/sauna (with membership) these apartments cater to all the wishes of Europe’s new demanding property buyers. Prices start at € 145.000 (side sea view, 62 m²) to € 302.500 (front sea view, 2 terraces, 100 m²) click à here
Male Rudine Villa’s on the island of Hvar
Newly built villa’s in Croatian architecture. A subdivision on the island of Hvar, situated near one of the most beautifull cities on the island. Hvar is mentioned in all articles about Croatia. Her lush deserted bays, as well as the luxurious towns attract the international jetset that fill the harbour of Hvar town in the summer with mega-yachts. The project Male Rudine encompasses 12 very luxurious villa’s in natural stone, with private swimming pool and great view over the sea from the house and the garden. Prices start at € 400.000. Delivery date: projects almost finished, a few villa’s still for sale. click à here (with new pictures of the site)
Olyntha Resort on the island of Solta
Townhouses/duplexes on the island of Solta. Situated in the harbour bay village of Stomorska. The project encompasses a range of different types of attached villa’s with garden and private swimming pool, just a few steps away from the sea and pebble beach. Investors fixed price for all villa’s(!): € 265.000. Delivery date: end of 2008. Sales has just started!. click à here
Punta Scala Resort nearby Zadar
This first new ****+ wellness resort in Croatia is being developed on a private peninsula in the sea, overlooking the Kornati national nautical park. Construction is in full swing and is arousing serious interest from all over western Europe. It is now time to reserve your best position in the resort. Drawings, building specs,interior programme, mortgages, rental programme, property management and other high standard services that are available can be viewed on the website www.puntascala.com. Half June the first showroom apartment will be ready for viewing and we are happy to present you with special offers for a visit to the site. Click here to download the 3d movie. The resort will be built in two phases. First phase: 5-star hotel with wellness centre, 178 apartments, 28 villas. Most of the villa’s are situated at the sea with gardens ending in private beaches. Prices apartments: from € 150.000. Prices villa’s: from € 1 mln.
Apartments in Rogoznica
The idyllic town that is attracting ever more attention over the last years. Its Marina Frapa was voted best marina of the world last year (www.marinafrapa.com). On a hill directly next to the centre with its long boulevard, with view over the whole lagune, the first apartment buildings of this project are being build.
Prices start at € 80.000 (40 m²), delivery date: first buildings are already finished. A few apartments are still for sale. click à here
Top apartments near the town of Marina
Situated just 10 minutes walking from the bay village of Marina, 10 minutes driving from the airport Split, and 30 minutes from 2 UNESCO world heritage sites and 2 national parks. The apartment building, with different types of apartments, will be constructed on a hill overlooking the magnificent Marina bay and the open sea. Construction will start this fall.
Prices start at € 95.600 (51 m²) to €158.000 (84 m²). click à here
Vidal, sea view apartments in Novigrad
Two villa-shaped apartment buildings with different apartments, 50 m² to 109 m². Very interesting prices for this rapidly growing tourist region. Prices start at €95.000 (50m²) to €195.000 (108 m² penthouse). click à here
Bistrica, unique terrace apartments with swimming pool on the island of Brac
In the holiday town of Sutivan this apartment building will be built. Near the town centre and very close to the shore, these apartments will offer great letting potential. Brac is one of the biggest islands in Croatia hosting some of its most famous touristic sites. The island has an airport, hospital and several towns. The diversity in scenery, valleys and beaches, makes this island one of the most attractive destinations Croatia. From the swimmingpool you will have a view to the coast of Croatia.
prices: € 180.600 (82 m²) to € 205.000 (92 m²). click à here
Off plan special
Demand for the new ‘côtes’ of Europe is increasing even faster. Developers are reacting to the new demand and are rapidly building up the last pieces of unspoilt coastline. Despite the fact that Croatian tourism increase is amongst the most spectacular in Europe, there has not been a lot of new construction development going on in this sector. New, strict, ecological laws are preserving Croatia’s biggest treasure. The launch of the first resorts, that respect these new environmental laws, is exploding Croatia back to the list of top destinations in the world for second home real estate.
Among all the projected developments, there are a lot of unvaluable plans. But there are also a few potential success designs that are catching our eye. Middelland is, through its central position in Dalmatia, daily being offered new projects to sell to the European market. We have prepared a selection for you. Scroll down in this newsletter to see our offer.
What is off-plan?
Buying off-plan means: buying from the drawing. Project developers often try to minimize their financial risk exposure by starting the sales before the construction starts. As there is no ready-to-show product in this phase, there is mostly a price benefit to the purchaser. Also, when buying off-plan, you are paying the prices of today for something that is finished next year. In a fast rising market like Croatia you will this way make your first yield on delivery of the building.
Advantages of purchasing off-plan
- Less purchase costs: in most cases you only pay the real estate transfer tax (5%) only on the land part of the property. Most of the times you also don’t pay the agent fee (this fee is usually included in the sales price).
- More choice within a project: you can find the property of your choice with different budget in the same resort. This gives you more possibilities to weigh your choice.
- Mixed use: this concept is gaining more popularity world wide. For buyers, as well as holiday goers, there is a growing demand for leasure, wellness, restaurants and bars within reach or as part of the domain. The combination of hotels, apartments, villa’s and dining and wining offers better letting possibilities.
- New buildings are designed to cater to the needs/demands of ‘new’ buyers: larger terraces, swimming pools (this often hard to find in Croatian real estate).
- It is often possible, in accordance with the developer, to alter the layout of your property before it is built.
- Easy maintenance and cost saving thru the larger number of equal apartments and cost effective property management.
- Shared cost for swimming pools etcetera make a relatively cheap apartment interesting for letting.
- New apartments are better for letting as they comply with all demands, i.e. no leaking roofs or taps. This is important for people who demand perfection on their only holiday per year.
- New property usually offers guarantees for the different constructive elements
Payment by instalments until the date of delivery
You are doing business with a company/developer; this itself has some advantages:
- straightforward handling of contracts. All is organised transparently
- when the developer is a VAT-active company, you can, when buying through the company route (see how to buy in Croatia) reclaim the VAT that is already included in the asking price. This is 22% on the building part and 0% on the land. In average this is 15% that can be reclaimed.
Croatian properties – an investment opportunity
If you do not want to worry about your overseas property during those off-season months, we can offer you property management facilities.
Middelland can, through its network of large and small companies in Croatia, assist you in setting up the right letting, guest, and maintenance services. This is the ideal way to maximise the potential of your Croatian property while you are at your home abroad.
Middelland can, through its network of large and small companies in Croatia, assist you in setting up the right letting, guest, and maintenance services. This is the ideal way to maximise the potential of your Croatian property while you are at your home abroad.
Punta Scala Resort – reserve your apartment or villa now!
The construction of the first new ****+ wellness resort in Croatia has started. It is already possible to reserve your favourite spot in this development without the obligation to purchase. Drawings, building specs, interior packages, mortgages, rental and maintenance plans and a vast assortment of services that this resort will offer are outlined in detail on the website www.puntascala.com . A showroom apartment will be ready in March. If you are interested in Punta Scala resort or other Croatian properties, we would be happy to make an appointment with you to answer all of your questions. Please call us at: +31(0)207725652
Second Home Fair 16th – 8th March 2007
We have had the opportunity to meet many of you in person. For those who would like to know the faces behind Middelland we will have a stand on Europe’s largest second-home real estate fair in Utrecht, 16th – 18th of March. At this fair we will exhibit all projects and information from our current portfolio of Croatian coastal real estate. We would like to invite you to this fair to meet personally. If you are interested in visiting this fair, please let us know and we will send you a free entrance card.
Mortgage!
- Citizens of the United Kingdom have been able to secure Croatian mortgages for some time now. This prospect has now been extended to inhabitants of European countries, such as Belgium and the Netherlands. As mortgages for foreigners are still uncommon in Croatia, it is possible for investors to capitalize on this growing market. For foreigners looking to secure a mortgage in Croatia, however, interest rates are relatively high.
To summarize, Croatian mortgages generally offer :
Possibility to finance: 70 % of the sales price and costs of renovation up to a maximum of € 400,-/m²
Interest rate of 7,75% on Euro’s
Variable interest per year
Duration of 1 to 20 years
Looking back at the summer
While Croatia prepares for the winter season, a quick look back to the busy summer season uncovers yet another successful year of growth and development in Croatia. Tourism was on the rise again over the past year. The laws which prevent new developments along the coastline still remain in force and as such, few projects along the coastline are underway. Construction for new golf resorts and a few development projects along the coast will start next year, but will respect the environment and local landscape. It’s still not possible to build new homes along the coastline. Existing homes on the coastline are therefore becoming precious commodities- especially in regions such as Dubrovnik (south) and Opatija (north). On the Dalmatian Islands and locations further from the coast, prices are much lower.
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