Croatian Villa Construction & Investment Project
Thetaworld Corporation in cooperation with the Croatian real estate construction and building partner company can offer realization of Croatian villa project in about 6 to 8 months building time with return of investment of about 35% within 6 months, or up to 70% within one year.
Such Croatian villa can be built in popular areas such as Istria near the golf centers and airports. The project can be realized in the manner key in the hand -- so that the buyer receives Croatian villa as exclusive property completed for living and leisure. Croatia is one of most popular retirement and leisure countries in the Europe. It has the most beautiful sea in Europe with crystal clear water, many many islands, beaches and has full infrastructure. It is the next EU member country.
You can contact Thetaworld Corporation if you are interested in construction and building of Croatian villa or if you are interested for investment in Croatian villas. The return for one villa is around 35% in six months, or up to 70% in one year.
- Investment Schedule for the Croatian Villa Construction & Investment
- Example of Cashflow for Investment in Croatian Villa
- Available Locations for Croatian Villa Investment Project
- Croatian Villa Images
- Visa and Residency Issues
- Fees and taxes
- Average property prices
- Croatia is easily accessible
- Shortly About Croatia
- Health in Croatia
Investment Schedule for the Croatian Villa Construction & Investment
Croatian villa can be build within 6-8 months. The location can be near the airports, marina, golf or other leisure and recreational centers. Example of Croatian villa is shown on the pictures. Bulding time is about 6 months. Return is about 35% within 6 months.
Ground area of 600 to 1000 m2, for example 800 m2 each EUR 150 = EUR 120,000.
Project documentation for the house of 200 m2, each EUR 25 = EUR 5,000.
Communal expenses for 200 m2, each EUR 30 = EUR 6,000.
Electricity and water connection is EUR 4,000.
Construction and building of exclusive object (extra class and key in hand principle) of 200 m2, each EUR 1,000 = EUR 200,000.
Swimming pool for EUR 20,000.
The environment, plants, trees and grass with watering system is EUR 10,000.
The unforeseen expenses about EUR 15,000.
THE TOTAL INVESTMENT AMOUNT REQUIRED IS EUR 380,000 which can vary for not more than 5%. The sample cashflow below can show that even lesser amount can be used for total investment if the credit is taken by local banks with the land property as security.
Such Croatian villa as described above can be sold for over EUR 600,000, thus making the total return within 6 months of about 35% and for one year of about 70%.
Thetaworld Corporation has partnered with Croatian constructiona and building project management company which can offer series of Croatian villas, series of 7-10 Croatian villas or more.
Please contact Thetaworld Corporation if you are interested in purchasing Croatian villa or making an investment in Croatian villa business.
Example of Cashflow for Investment in Croatian Villa
There are already available land properties with license for building and constructions. For the purchase of the land, it is required 20% or less of the total value of the land. The contract is signed for the purpose. For example the land value is EUR 120,000, however, only 20% is paid in advance, in this example EUR 24,000. Sometimes it is possible to agree on lesser initial amount as well.
The constructions and building license is applied for and it can take about 3 months. After the construction and building license has been issued by Croatian authorities, the rest amount for the land shall be paid, the communal expenses and the transfer of the land to the new owner in amount of 5%. We recommend that new owner be Croatian company held by offshore company for real estate investments. However, the new owner could be anyone. In case of investment, it is better that company owns the property so that there will be no transfer tax once such property is sold (5% transfer tax). Instead, the company will be sold, not the property.
Example:
- the rest amount for the land of EUR 95,000 + 5% for the transfer tax to the company
- project documentation in amount of EUR 5,000
- communal expenses in amount of EUR 6,000
- the electricity and water connectivity in amount of EUR 4,000
TOTAL amount invested after 3 months is about EUR 110,000.
The construction and building phase begins. The first payment to the construction companies is paid after one month of the project begin, for example EUR 50,000. After about 4 months, the building is finished.
In the last phase, the swimming pool and environment is constructed.
It is possible to invest just about 35% of the investment, for example EUR 140,000 and the whole investment could be sold and later financed by the purchaser, or by the local banks which offer credit with interest of 7,5% per year. The investment of EUR 150,000 could bring in 10 months about EUR 200,000. The profit is lowered for the amount of credit given by the bank of course and the interest and various commissions. The profit in about 10 months could be about 66%.
Available Locations for Croatian Villa Investment Project
Thetaworld Corporation in cooperation with Croatian project management companies has already various locations available for this investment project in Croatia.
- Land property to build about 7 Croatian villas
- Land property to build about 14 Croatian villas
It is much easier to find land property for number of Croatian villas, than for just one.
Croatian Villa Images
Visa and Residency Issues
Any EU or US citizen can spend up to 90 days in Croatia in any six-months period without needing a visa. Anyone wanting to spend more time there will need a visa from the Croatian embassy. This is easy to achieve, and allows you to spend up to 180 days in Croatia in any year.
Permanent residency is possible by the use of Croatian company and the law of the foreign investments. For permanent business or retirement residency in Croatia please contact Thetaworld Corporation.
Fees and taxes
The transfer tax of 5% must be paid within 30 days of signing the final deeds of the real estate property purchase. However, such a house can be purchased through a Croatian company thus avoiding the transfer tax. The company would be organized prior to begin of the project, the house would be built and company shares sold -- without the transfer of the real property. Buying through a Croatian company is quicker as no government permit is needed and brings with it some tax benefits. Setting up the Croatian company is included in the project fee. All other fees would be included in the proposed fee structure.
Average property prices
- One-bedroom apartment £85,000 or US $175,000
- Two-bedroom apartment £128,000 or US $260,000
- Three-bedroom villa £204,000 or US $415,000
- Four-bedroom villa £246,000 or US $500,000
Croatia is easily accessible
There are direct jet flights from London Luton and Bristol to Rijeka started at the end of June 2006. In addition, there are direct flights year-round to Dubrovnik, Zagreb and Split, and some people fly to the east coast of Italy and cross the Adriatic by ferry. The popular Ryanair company flights to Zadar in Croatia. Train and buses connects all Europe with Croatian cities.
Shortly About Croatia
- Population: 4,495,904
- Capital: Zagreb
- Languages: Croatian
- Area (km2): 52,542
- Currency: kuna (HRK)
- Exchange rate: £1 = 10 HRK, EUR 1 = 7.5 HRK
- Dialing code: +385
- Emergency services: 112
- Embassy in UK: http://www.croatia.embassyhomepage.com
Health in Croatia
Any EU citizen with a valid European Health Insurance Card (EHIC) is entitled to free emergency care in Croatia. That said, the healthcare system still leaves a lot to be desired, and many medicines that are available privately are not available in some state hospitals. Therefore, going private is a good idea, and travel insurance is an absolute must.
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