We are delighted to present the collaboration between Petram Resort & Residences and Croatia Sotheby’s International Realty®, the most preferred brand and leader in the luxury real estate market.
By primarily understanding luxury as an overall experience rather than a price point, we want to showcase this premium complex, unique in Croatia, to clients with refined tastes.
Petram Resort & Residences is an idyllic seaside retreat surrounded by Mediterranean vegetation, and enchantes with the harmony of contemporary architecture, elegance, and luxurious amenities. It is ideal for those seeking true beauty, a relaxing atmosphere, top-notch service, and rich amenities in an authentic environment.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/03/2.jpg?auto=format%2Cenhance%2Ccompress)
Ideally positioned in Istria – one of the most attractive destinations in Croatia, mesmerizing with its Mediterranean charm, rich historical and cultural heritage, untouched nature, azure sea, and exquisite gastronomy – Petram Resort & Residences sets new standards for luxury experiences in a completely innovative way.
Spread over eight hectares and built to the highest standards, Petram Resort & Residences sets a benchmark in luxury living. It offers numerous services and amenities to please even the most discerning guests. Reception and concierge services, exclusive restaurants, a wellness center with the largest rooftop infinity pool in Europe, children’s facilities, sports activities, and access to the beach and its amenities make every stay an unforgettable experience.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/03/15.jpg?auto=format%2Cenhance%2Ccompress)
Near the resort, within the Kempinski complex, is the largest Croatian golf course with 18 holes that will impress all golf enthusiasts. Additionally, a new investment is planned – constructing a golf course with a golf club on the eastern side of the resort.
Petram Resort & Residences comprises 252 luxury properties – 55 villas, an aparthotel with 179 apartments, and 18 residential units, all of high category, with four and five stars.
This is the first residential and holiday resort of its kind in Croatia, where luxury, comfort, and sustainability perfectly complement each other.
The resort is superbly designed with special attention to horticulture, providing a sense of harmony with nature, open vistas, sustainable construction, and the highest level of material quality to ensure maximum energy efficiency, creating a whole world of pleasure to make every stay truly exceptional.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/03/11.jpg?auto=format%2Cenhance%2Ccompress)
Petram Resort & Residences is an internationally renowned complex and one of the most impressive investments in Croatian tourism.
MK Group and Aleksandar Group, successful and internationally recognized investors, have recognized Croatia as an exceptional destination, considering its beauty, rich culture, and the high demand for luxury real estate.
Architects from the LAD 1 studio of the Lotus Group – Maja Bručić and Eva Cotman, sign the architecture and design.
Located in Savudrija, in a prominent seaside location, Petram Resort & Residences represents an oasis of excellence, exclusivity, and luxury. It attracts the attention of both domestic and international guests seeking an exclusive holiday experience on the Adriatic coast.
Its strategic position near Slovenia, Italy, and numerous European cities ensures excellent accessibility, while the proximity to marinas and several international airports is just some of the additional advantages.
Petram Resort & Residences is truly a unique destination that sets new standards for luxurious enjoyment. It is an ideal choice for all hedonists and a place you’ll find hard to leave but will gladly return to.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/03/4.jpg?auto=format%2Cenhance%2Ccompress)
Petram Resort & Residences offers a complete property management package, allowing you to enjoy a worry-free vacation. Owners can enjoy their property but also profit from renting it out when they will not be using it.
Future buyers are guaranteed a 5% annual return on investment in the first two years through property rental, with even higher returns expected in the long term.
In cooperation with Gorenjska banka, credit financing is provided up to 50% of the property value.
This collaboration symbolizes a fusion of top quality, expertise, and reputation. Whether you are looking for a holiday home or a lucrative investment opportunity, Petram Resort & Residences promises its owners luxurious living and long-term financial security.
Introducing Petram Resort & Residences, Croatia Sotheby’s International Realty invites you to secure your piece of paradise in the beautiful landscape of the Istrian peninsula, where luxury, comfort, and tranquility create perfect harmony.
In an era where digitization permeates every aspect of our lives, the integration of cryptocurrencies is changing the way we perceive and conduct financial transactions. In this blog, we introduce the collaboration between Croatia Sotheby’s International Realty and Electrocoin Ltd., a company that has been specializing in cryptocurrency trading mediation and crypto payment processing since 2014.
In Croatia, EUR is clearly defined as the legal means of payment. To comply with this legal provision while still allowing clients to pay with cryptocurrencies, Croatia Sotheby’s International Realty has decided to partner with Electrocoin, a company that, through its PayCek platform, enables automatic and instant conversion in the payment process from cryptocurrency to EUR, thus fulfilling all required legal obligations.
Electrocoin Ltd. leads the integration of cryptocurrencies into real estate transactions. Specializing in cryptocurrency trading mediation and crypto payment processing, Electrocoin operates under the supervision of the Croatian Financial Services Supervisory Agency (Hanfa). As the first company registered in the Register of Virtual Asset Service Providers in Croatia, Electrocoin has been a pioneer in the crypto world.
With its proprietary cryptocurrency payment processing system, “PayCek,” Electrocoin, in collaboration with Croatia Sotheby’s International Realty, enables buyers to seamlessly purchase properties listed by the agency using cryptocurrencies.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/03/blog-1.jpg?auto=format%2Cenhance%2Ccompress)
Here’s how the process works:
1. Sales Agreement
The buyer and seller initiate the process by entering into a standard real estate sales agreement.
2. Assignment Agreement
Subsequently, based on the real estate sales agreement, the buyer concludes an Assignment Agreement with Electrocoin and the seller. This agreement lays the foundation for the cryptocurrency transaction.
3. Cryptocurrency Payment Instruction
Using its “PayCek” system, Electrocoin generates a cryptocurrency payment instruction tailored to the specific transaction.
4. Execution of Cryptocurrency Transaction
The buyer executes the cryptocurrency transaction, initiating the transfer of digital assets as payment for the property.
5. Processing of Transaction by Electrocoin
Electrocoin carefully processes the cryptocurrency transaction and transfers the equivalent amount in EUR to the seller’s account.
6. Confirmation and Communication
The buyer receives confirmation of the completed transaction via email. Simultaneously, the buyer informs the seller of the successful transaction.
7. Tabular Statement
Upon confirming full payment, the seller issues a tabular statement, finalizing the real estate transaction.
Integrating cryptocurrencies into real estate transactions marks a new era in the industry. Through this collaboration, Croatia Sotheby’s International Realty offers its services to a new generation of clients, ensuring fast and secure transaction processes. This represents a step forward for the Croatian real estate market.
Navigating the real estate investment or sales process is like exploring a labyrinth filled with potential opportunities, challenges, and possibilities. This is why collaborating with a renowned agency, Croatia Sotheby’s International Realty, can transform the entire experience, making the process more efficient and enjoyable.
1. Expert Knowledge and Price Insights
One advantage of partnering with a real estate agency lies in gaining access to expert knowledge and price insights. Our professionals can help clients distinguish good from excellent investment opportunities in this dynamic environment, thanks to their extensive knowledge and experience in the real estate market.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/01/Office.jpg?auto=format%2Cenhance%2Ccompress)
2. Time and Energy Savings
The real estate transaction world is filled with numerous tasks that require a significant amount of time and attention, from thorough property advertising to organizing viewings and conducting negotiations. Entrusting these responsibilities to experienced professionals allows investors to focus on making timely decisions, staying informed about market trends, and effectively managing their investment portfolios.
3. Destination Knowledge and Property Scouting
Experts in this field have excellent knowledge of destinations, future development opportunities, and local amenities. For those seeking exclusivity, Croatia Sotheby’s International Realty offers specialized “property scouting” services for VIP clients, providing access to hidden gems in the real estate market before they are officially listed. Being among the first to learn about potential opportunities before they hit the broader market is a valuable advantage that can significantly impact finding sought-after properties.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/01/Villa-sentimento.jpg?auto=format%2Cenhance%2Ccompress)
4. Transaction Security
The security of transactions is the undisputed priority of a reliable real estate agency such as Croatia Sotheby’s International Realty. Security and ease of the buying or selling process are key, giving a sense of trust to both buyers and sellers.
Whether it’s ensuring legal compliance, verifying ownership documents, or managing complex financial transactions, the thorough protocols of a professional agency contribute to a sense of trust and peace of mind. With us, your safety is not only a priority but also the foundation of our business.
5. Negotiation Skills
Real estate negotiation is an art, and experienced real estate agents have perfected this skill through years of work.
When it comes to securing the best terms for our clients, our professionals guide them through the negotiation process. Their ability to understand market dynamics, assess real estate values and represent clients’ interests positions them as invaluable allies in achieving optimal results. Negotiation skills can result in significant savings or improved return on investment.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/01/Villa-Sea-Crest.jpg?auto=format%2Cenhance%2Ccompress)
6. Guidance and Support
In addition to transactional aspects, Croatia Sotheby’s International Realty provides support during the entire buying and selling process.
By providing constant support and guidance, we ensure clients are constantly informed and reliable at every step. From the initial real estate search to the closing of the purchase deal, the presence of a dedicated team of experts ensures a pleasant experience for the investor.
Croatia Sotheby’s International Realty is a trusted advisor, offering insights, answering questions, and providing support during what can be an emotionally challenging process.
7. Worry-Free Purchase or Investment
In the quest for the perfect home or investment opportunity, one of the key features to consider is proper property documentation.
Our agency proudly stands out as a reliable partner because all our properties go through a thorough check of all documentation, providing you with complete security at every step.
Every property we present reflects our commitment to quality, making us a reliable partner in achieving your goals.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2024/01/Villa-Eternity.jpg?auto=format%2Cenhance%2Ccompress)
In conclusion, the advantages of engaging a real estate agency are truly countless. It enables the saving of precious time and energy, ensures transaction security, and provides clients with continuous support. Strategic positioning in the real estate world enhances the overall experience for investors, making the decision to collaborate a pleasant one. Whether for seasoned investors or individuals entering the world of real estate transactions for the first time, the assistance of a professional agency is invaluable. It acts as a compass, guiding clients through the intricacies of the market, offering protection, and unlocking opportunities that might otherwise remain hidden. In the real estate world, where decisions can have profound financial and life impacts, a partnership with an agency becomes an investment in itself—an investment that pays off in terms of knowledge, expertise, and ultimate success.
Due to the growing interest of citizens of third countries for real estate on our coast and the increased number of inquiries about the possibilities of acquiring property and residence in Croatia, we decided to contact the lawyer, Mr. Dino Pivac, who prepared a short guide for citizens of third countries with basic instructions which we present below.
Third-Country Nationals – in the sense of the relevant regulations of the Republic of Croatia – are persons who are not citizens of member states of the European Economic Area (the European Union, the Principality of Liechtenstein, the Kingdom of Norway, the Republic of Iceland) or the Swiss Confederation, and who have the citizenship of a third country or are stateless.
Citizens of third countries cannot acquire ownership of agricultural and forest land in the Republic of Croatia, but they can buy real estate within the boundaries of the construction area – apartments, houses, etc. or undeveloped construction land – and this under the assumption of reciprocity between the Republic of Croatia and the country in question, and the obtained consent of the Ministry of Justice of the Republic of Croatia.
Regarding the presumption of reciprocity, the Ministry of Justice of the Republic of Croatia publishes on its official website a list of countries with which there is reciprocity when acquiring property rights: https://mpu.gov.hr/informacije-o-uzajamnosti-u-scecanju-prava-vlasnistva-nekretnina-izmedju-republike-hrvatske-i-drzava-izvan-europske-unije-republike-island-knezevine-lichtenstein- kingdoms-of-norway-and-the-swiss-confederation/6186
![Exclusive waterfront villa for sale](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/08/22.jpg?auto=format%2Cenhance%2Ccompress)
Villa Aura – island of Brač
Citizens of third countries can stay in Croatia:
- on a short-term (also called tourist) stay – up to 90 days in any period of 180 days, with the fact that 90 days of stay can be used once or multiple times;
- on temporary residence – up to one year;
- on permanent residence – unlimited.
The time spent in other member states of the European Economic Area is not included in the short-term stay. During a short-term stay, a citizen of a third country must have registered accommodation. The accommodation must be reported by the legal or natural person who provided accommodation to the citizen of a third country within one day of the arrival of the third country citizen for accommodation via the eVisitor website or by reporting to the competent police department/station. If the accommodation provider cannot register, the citizen of a third country has an obligation to register within two days of entering the Republic of Croatia or changing accommodation.
In order for a citizen of a third country to be granted temporary residence in the Republic of Croatia, it is necessary for him to submit an application on a prescribed form available online. Where the application must be submitted depends on whether a visa is required to enter the Republic of Croatia or not, which depends on each individual country and can be seen at: https://mvep.gov.hr/informacije-za-gradjane-244593/consular-information-22730/visas-22733/review-visasystem/22853
![Picturesque seafront location](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/07/croatia-hvar-villa-adriatic-oasis102.jpg?auto=format%2Cenhance%2Ccompress)
Villa Adriatic Oasis – island of Hvar
For example, citizens of the visa country (e.g., Russia) submit requests in diplomatic and consular missions. The police department or station, based on the place of intended stay/residence, decides on the request, informs the consular representation where the request was submitted, and they issue a visa for entry into the Republic of Croatia. On the other hand, citizens of a country (e.g. Ukraine) where a visa is not required can submit a request at the police department or station at their place of residence.
Among other things, temporary residence in the Republic of Croatia can be granted to a citizen of a third country based on the fact of ownership of real estate in the Republic of Croatia.
The following shall be attached to the request for a temporary residence permit:
- color photo of size 3×3.5 cm;
- a copy of a valid foreign passport or other travel document (the validity period of the foreign travel document must be three months longer than the period of validity of the temporary residence);
- proof of insured funds for maintenance – funds needed for maintenance on a monthly basis in the amount of at least 50% of the average monthly net salary paid in the last year in Croatia (currently HRK 3,560.00 x 12 months), and the proof can be a bank certificate, pension extract, employment contract, etc.;
- proof of health insurance – private or travel health insurance, employment contract, etc.;
- proof that he has not been legally convicted of criminal offenses from his home country or the country where he resided for more than a year immediately before arriving in the Republic of Croatia;
- proof that justifies the purpose of a residence in the Republic of Croatia – in this particular case, a title deed for real estate in the Republic of Croatia that proves ownership of the same.
The documents attached to the request must be in the original or in a certified copy, and foreign documents in a certified translation in Croatian (exceptionally in English) and certified in accordance with special regulations, which again depends on which country it is, because the documents are for use in the Republic of Croatia for some countries a notarization-apostille is required (eg Ukraine), while for some countries no special certification is required (eg Russia). The list of countries can be seen at: https://mpu.gov.hr/nadovjera-legalizacija-isprava/25282
Most importantly, the request for re-approval of temporary residence in the Republic of Croatia based on the fact of ownership of real estate in the Republic of Croatia can be submitted again after the expiration of six months from the expiration of the previously approved temporary residence.
We hope that this blog has dispelled at least some of the doubts that you, as citizens of third countries, had when inquiring about buying real estate in Croatia or changing your residence. For all additional information and advice, do not hesitate to contact us, and we will be happy to connect you with experienced experts in this field.
In the last few years, there has been a lot of talk about a new generation of investors investing significant funds in cryptocurrencies. Although until recently, local market investors were still quite skeptical about digital assets and did not easily engage in cryptocurrency trading, current data show that this market is currently on a real upswing.
The consequences that followed the coronavirus pandemic have affected every segment of our daily lives and our habits; therefore, it does not come as a surprise that we quickly adopt new trends, and we readily adapt to the changing market situation faster than ever.
Crypto investors – current trends and doubts
While many people are starting to get acquainted with the cryptocurrency market in the desire to make a profit through safe and prudent investment, experienced crypto investors around the world use their digital currencies to invest in real estate. The growing trend of buying real estate in cryptocurrencies has been registered worldwide, and it seems that global trends are increasingly being accepted by investors in the local market as well.
Croatian properties have attracted great interest among international clients, and ever since the country joined the EU, many clients have decided to look for investment opportunities in attractive destinations on the Adriatic. At the beginning of 2023, Croatia will enter the eurozone, which is yet another reason for international clients to plan their new investments with additional security and optimism. In line with clients’ growing interest in real estate on the Adriatic coast and the increasing number of inquiries from crypto investors, we often get asked: ‘Is it even possible to buy real estate in Croatia with cryptocurrencies?’
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/04/croatia-brac-villa-virtuosa-110.jpg?auto=format%2Cenhance%2Ccompress)
Villa Virtuosa – island of Brač
A Quick Tax Guide to Buying With Cryptocurrencies
Analyzing the most common doubts and tax issues crypto investors face, we contacted the authorized tax advisor, Ms. Ivana Zec, who gave us her expert insight into the most important tax aspects that need to be considered when buying with cryptocurrencies. More detailed information is provided below.
Cryptocurrency-related transactions are part of a trend that is increasingly drawing the attention of tax advisors, accountants, and the Tax Administration itself. There are more and more specific actions and processes that are designed in the digital world, which should be incorporated into existing legal provisions for the purpose of taxation and accounting.
When talking about cryptocurrencies, it is important to emphasize that their acquisition is not taxable, but from the tax point of view, the owners of cryptocurrencies should be aware of the importance of sale or conversion into any other fiat currency. Namely, at the moment of selling or exchanging cryptocurrency for Croatian kuna or Euro or any other fiat currency, a potential tax liability arises for the cryptocurrency holder.
If the cryptocurrency holder is a natural person, the difference between the sale and purchase value is taxable with capital gains tax on the basis of capital gains, which is calculated at a rate of 10% plus surtax if the person has temporary or permanent residence in Croatia.
When a legal entity is the cryptocurrency holder, the sale of cryptocurrencies or their conversion into fiat currency has its own accounting story, which depends on the purpose for which the cryptocurrency was originally acquired.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/04/croatia-brac-villa-virtuosa-112.jpg?auto=format%2Cenhance%2Ccompress)
Stone villa for sale – Brač
When talking about buying real estate and paying with cryptocurrencies, it is important to note that, according to the existing legal provisions, payment alone cannot be made directly in cryptocurrencies. It is necessary to change cryptocurrencies into Croatian kuna and make payments in this form. At the very moment of exchanging cryptocurrency into fiat currency, income tax is levied if the owner is a natural person. If the owner is a legal entity, the earnings are included in the profit and loss account.
In any case, it is recommended to consult a tax advisor before any transaction related to cryptocurrencies and real estate so that the owner of the cryptocurrency, i.e., the buyer of the real estate, is aware of all tax aspects.
In the case of international clients, it is important to emphasize that they need to check the tax aspect of these transactions in the country of their tax residence.
We hope that this blog will answer some of the tax questions that crypto investors often ask themselves before the final decision to buy real estate in Croatia.
For all additional information and advice, do not hesitate to contact us, and our agents will connect you with experienced experts in this field who will gladly guide you throughout the purchase process.
Since joining the EU, Croatia has been attracting increasing attention from international clients looking for investment opportunities in one of the most emerging regions in the Mediterranean.
Croatia is widely known for its natural beauties, rich cultural and historical heritage, and mild Mediterranean climate, allowing you to enjoy outdoor activities almost all year round.
The most attractive destinations in Croatia offer a wide array of prestigious modern properties in unique locations by the sea and traditional rustic style villas that represent a perfect fusion of authentic stone exterior and attractive interior that combines modern amenities with autochthonous details that won’t leave you indifferent.
Record numbers of visitors and tourist overnights and a stable economic environment of our country are just some of the reasons that provide investors with security and optimism in planning new investments.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/01/Location-Croatia-.jpg?auto=format%2Cenhance%2Ccompress)
Josip Krnić Photography
Who can buy real estate in Croatia?
- EU citizens
Natural and legal persons from EU member states are entitled to ownership rights of real estate in the Republic of Croatia under the same conditions as Croatian citizens.
- Non-EU citizens
Foreign nationals from outside the EU can buy real estate according to the reciprocity principle. When buying a real estate it is necessary to seek approval from the Ministry of Justice of the Republic of Croatia. Foreign nationals without mutual consent/reciprocity can buy real estate on behalf of a company. The company needs to be founded with a registered seat in the Republic of Croatia. In that case, the real estate is purchased by a Croatian company in foreign ownership.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/01/Villa-Sealine.jpg?auto=format%2Cenhance%2Ccompress)
Villa Sealine
Purchase Costs
If you decided to buy luxury real estate in Croatia or indulge in an investment and development project you should know there are some additional costs.
The most of property purchasing expenses are paid by the buyer:
- Notary and registration fees: 50 – 150 €
- Official translator’s costs approx.: 200 – 300 € including Contract translation
- Agency fee: normally 3% of contract value + VAT
- Advocate’s fee: 0,5 – 1,25% of contract value + VAT
- Property transfer tax: 3% of tax office property estimate
If you want to purchase luxury real estate in Croatia or any other property from a legal entity, please pay attention to whether VAT is already included in the price. The standard VAT rate in Croatia is 25%. We also recommend that you hire an established real estate agency with extensive experience in the real estate market and local expertise, as well as internal legal support.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2022/01/Destination-Hvar.jpg?auto=format%2Cenhance%2Ccompress)
Josip Krnić Photography
Personal Identification Number – OIB
Before the conclusion of the legal matter it is necessary to obtain a personal identification number issued by the Tax Administration:
- Natural persons have to submit passport copy certified by a public notary, home address, and basic information on both parents.
- Legal persons have to submit the extract from the court register translated into the Croatian language, not older than 30 days.
Without the personal identification number, it is not possible to sign any contract or to establish a company.
Real Estate Taxation
- Real Property transfer tax is calculated and paid on acquisition of property in the Republic of Croatia when no VAT is to be paid on such acquisition. The real property transfer tax base is the market value of the real estate at the moment of acquisition. and is calculated at the rate of 3%. Real property transfer tax taxpayer is the acquirer of the real estate – the buyer.
- Value-added tax (VAT) is calculated and paid by the taxpayers who are registered in the VAT payers registry when they deliver, give or in any other way transfer a construction land and a building or parts of the buildings (as well as the land on which they are built) if those buildings and their parts have been inhabited or used for less than 2 years. The VAT for delivering real estate is to be paid at a rate of 25%.
- Income tax on assets based on property alienation is calculated and paid:
a) if the natural person is alienating the real estate within 2 years from the day of its purchase, under the condition that he/she hasn’t used it for residential purposes.
b) if the natural person sells, exchanges, or does any other taxable ownership transfer on more than 3 properties that are the same type in the period of 5 years since the day of their purchase.
We hope that this blog hides the answers to some of the questions you should have resolved before deciding on buying or selling real estate in Croatia.
For all additional information and advice, our team of experienced real estate agents and legal experts will be happy to provide support with the highest degree of discretion and professionalism.
The year behind us was marked by a global pandemic of unprecedented proportions and consequently with an almost complete halt in all economic activities that ceased abruptly due to restrictive measures, which led to the total collapse of nearly all sectors.
And it is precisely in 2020, an unprecedented year in many ways, that the real estate market experts faced significant challenges. The key to success was in their rapid response and adapting to market conditions and trends that were changing at a relentless pace.
Despite negative statistics and economic indicators that were by no means promising, Sotheby’s International Realty is very proud to announce that our brokers and sales representatives have achieved a record sales result of $150 billion at the global level, marking a continued increase in sales growth year over year.
“Thanks to innovations we pioneered nearly a decade ago, our affiliated companies and agents made the impossible possible. Their adaptability to serve clients safely further extended our position as a leader in luxury real estate,” said Philip White, president and CEO of Sotheby’s International Realty.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2021/03/Page-001.jpg?auto=format%2Cenhance%2Ccompress)
Modern Technologies and Trends in Property Viewings
As the luxury real estate sector leader, Sotheby’s International Realty guarantees global marketing reach and high advertising standards for both sellers and end buyers looking for their new home or dream vacation villa and constantly offers innovative tools for its loyal customers. At the peak of the pandemic, clients were unable to travel and view real estate in person, and agents were faced with the daunting task of finding new solutions that could replace traditional ways of real estate viewings.
Facing unenviable circumstances, sales representatives invested much energy to fully exploit all available brand tools to present real estate to prospective buyers in the best possible way through virtual platforms. New technologies and innovative marketing solutions that Sotheby’s International Realty is continuously improving have certainly contributed to these record results. The numbers are supported by more than 43 million views on the brand’s official YouTube channel and more than 6,000 properties on the global website that have video materials or provide the possibility of a virtual tour.
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2021/03/Page-003.jpg?auto=format%2Cenhance%2Ccompress)
Global Trends in the Local Market
As the leading luxury real estate agency in Croatia and a representative of the brand synonymous with a professional approach and commitment to each client, our team of professionals is constantly working to improve their skills and replicate global trends in the Croatian market. Therefore, it comes as no surprise that clients remained loyal to our brand even in extraordinary circumstances, keeping their expectations high as always. Our real estate experts readily accepted the challenge and provided unconditional support to clients by organizing their arrival in Croatia despite restrictive measures and carrying out virtual tours of properties.
Despite the unfavorable global situation and strict measures that were eagerly implemented in almost all countries, our Croatian office followed the global trend of Sotheby’s International Realty and achieved a record sales result. Comparing global trends with the local market situation, we can conclude that clients worldwide increasingly value privacy and isolation and prefer secluded real estate surrounded by large plots, which allows them to enjoy a peaceful stay far away from the hustle and bustle of the city.
Regardless of skeptical forecasts, the corona crisis leads us again to the conclusion that foreign investors gladly invest in exclusive real estate in unique locations. Given the limited number of properties in premium locations, our offer of such properties very often does not satisfy the clients’ demands. One can easily deduce that this type of real estate arguably does not undergo large oscillations in the asking price, regardless of the current market challenges.
Global Expansion and Strategic Brand Growth
![](https://sothebysrealtyhr.imgix.net/wp-content/uploads/2021/03/NetworkStats_Feb21_Blue-1800-x-1200.jpg?auto=format%2Cenhance%2Ccompress)
In 2020 Sotheby’s International Realty continues its constant growth in the global market by opening more than 50 new offices worldwide, further enhancing the brand’s global network currently present in more than 75 countries in nearly 1,000 offices with approximately 24,000 sales associates. In addition to opening new offices in existing markets, the brand has expanded to key international markets, establishing offices in seven new territories.
“I am very proud of our brand and the whole team in Croatia. It is a great success that we followed the world trends in the local market and achieved a record sales result in these difficult times”, concluded Marko Pažanin, managing director of Croatia Sotheby’s International Realty and a global partner.
Have you noticed that it’s almost spring? As much as we like it, we are even more excited about the fact that the beginning of spring means we are each day closer to summer! For a perfect second home, you need a perfect location, and is there a better one than Croatia? Whether you are looking for a house for sale in Croatia or you want to rent a luxury villa for a week or two, now is the perfect time to start your search for the perfect real estate!
Here are a few suggestions
Offering a beautiful view of Opatija and state of the art, modern design, Villa Design is our first „house for sale“ suggestion. Constructed according to the principle of a low-energy home, it is oriented to offer you maximum privacy while being close to one of Croatia’s most prominent tourist destinations.
An equally beautiful sea view awaits you at the Villa Appeal! This villa offers a modern design characterized by clean lines, large glass surfaces, and an open floor plan. All bedrooms are ensuite, offering complete comfort and access to the balcony, where you will enjoy the most memorable mornings.
A whole new level of privacy, peace, and sophistication is a prime quality of the Villa Maritim. This waterfront property is located on the island Vis, a still unexplored, therefore not crowded, jewel of the Adriatic sea. Sandy beaches within walking distance from the villa, a private swimming pool, and a tastefully-designed terrace-outdoor space are the main features of this extraordinary property.
Another beautiful, yet more populated island, is Brač – home to the amazing Villa Violet! All lovers of the crystal clear sea naturally carved bays, and the typical, unique island lifestyle will find all they need in this 445 sqm of living space, located on a 4,100 sqm large plot! Croatia’s luxurious property comes with an even better-designed and discreet garden, offering full privacy to its residents.
Last but not least on our list of houses for sale in Croatia is Villa Ruby! This three-floor real estate, fully faced with the famous Brač stone, is spread over 980 sqm of living space, including the spa area with hammam, Russian sauna, and a small indoor pool. The typical, local features, combined with the luxuries of a modern lifestyle, make for a true masterpiece of pleasant living, whose extraordinary character is timeless.
How to pick just one out of these five amazing properties, and they are just a small part of what we have to offer! Be sure to check out the rest of our houses for sale before making your final decision. We’ll leave you to your thoughts and dreams while you scroll through our portfolio…
Croatia has still not stood out as a true luxury real estate market. Still, despite this, we have noticed a growth in foreign investors’ and buyers’ interest in Croatia’s luxurious properties. The demand for luxury real estate on our market has increased by 30% compared to 2017, and the number of real estate queries in Croatia Sotheby’s International Realty portfolio has increased by 30%. When it comes to top qualities our customers seek in a luxury property, location is ranked pretty high. Everybody wants the same thing – to rent or buy a luxury property on Croatia’s coast!
Rent a luxury property in Croatia for a truly memorable vacation
As a well-known tourist destination, Croatia offers a wide range of accommodation facilities. If renting a luxury villa in Croatia is what you seek, then Croatia Sotheby’s International Realty is your best partner in this search. Not so long ago, we have enriched our portfolio with luxury villas and apartments all over Croatia’s coast available for rent every week. A touch of luxury will make your vacation memories even more memorable, especially if you stay at a property that is just right for you. This is our mission – to pair up our customers with luxury real estate properties that suit them the best!
Make your Croatian, luxury real estate dream into reality.
On the other hand, you might fall in love with Croatia and wish to stay here for more than just a week or two. We’ll be right there to help you find just as perfect and suitable property as the country itself. To buy a luxury real estate property in Croatia, maybe your dream today, or become your dream in the future, but with our help, you will turn it into reality! With our expertise and guidance, the process will be smooth and easy, and at the end of it, you will be holding the keys to your dream Croatian home. To ensure we have the right property for you, we actively spread our portfolio with new luxury properties. New properties and new prices come with each day so make sure you check out our portfolio regularly. You never know when your perfect luxury real estate property in Croatia might appear!