Apartments in the Garden Palace Resort project in Umag are sold fully furnished and on the basis of as-seen.
Upon signing the sales contract, the buyer is obliged to pay 10% of the purchase price to the seller's account within 5 working days.
In addition to the sales price or the purchase price, the buyer also accepts payment for:
- real estate sales tax, which amounts to 3% in Croatia
- the cost of verifying the signatures on the sales contract, verifying the land registry permit and entering the ownership right in the land registry
The apartments are currently in long-term rental to the company Jadran d.d., which deals in short-term rental of apartments. The prospective buyer can terminate the rental relationship from 1 October 2022 and take over the keys to the apartment.
Currency risk warning
Until December 31, 2022, the buyer is exposed to the risk of fluctuating the EUR/kuna exchange rate, which means that on the day of payment, he may actually pay a higher amount than specified in the contract. The final amount of the purchase price depends on the EUR/Kuna exchange rate according to the average exchange rate of the Croatian National Bank on the day of payment.
The apartments were built in 2009, for which the appropriate documentation was obtained.
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