New development in Croatia for sale, Zadar, – € 200872, 31 m2

In the heart of Dalmatia, in close proximity to Zadar, stands a distinguished 5-star complex comprising a glamorou hotel and six buildings housing a total of 60 residences meant for sale. This meticulously curated enclave seamlessly integrates an array of amenities, catering to the diverse needs of an ideal family vacation. From the encompassing wellness and SPA zone, fitness center, restaurants, bars, children's playroom, playground, swimming pool, and beachfront facilities, to the newly constructed marina in immediate proximity, Molum Hotel & Residences encapsulates the essence of a perfect holiday. Characterized by a synthesis of modern architecture, refined ambience, authentic localities, and captivating natural surroundings, the property is adorned with thoughtful details and charming features that weave an indelible tapestry of memories and offer insight into an alternative way of life.

These modern 5**** residences are meticulously designed to serve as both a source of pleasure and a destination synonymous with relaxation. Owners are bestowed with a comprehensive spectrum of advantages and benefits. The management ensures a minimum annual yield of 4% until 2027, with an anticipated annual yield of 4-6% post-2027, complemented by diligent maintenance to uphold the pinnacle of quality and the enduring attractiveness of the real estate. Owners further enjoy the flexibility of utilizing their residences for up to four weeks during the season and, in accordance with their preferences, during the off-season. Navigate into the sanctuary of your vacation and relish carefree moments that genuinely fulfill you.

The resort offers exceptional 5***** infrastructure:

Reception
Concierge service
Two expansive outdoor swimming pools with sunbathing areas
Restaurant
Indoor and outdoor bar
Wellness and SPA zone
Fitness center
Spacious park adorned with horticulture
Children's swimming pool with dedicated facilities
Outdoor children's park
Children's club
Pristine beachfront facilities
Newly established marina in immediate proximity

All residences adhere to the highest standards of quality and functionality, featuring a minimalist design inspired by Adriatic motifs—rock, forest, olive grove, sea wave, and wind movements. Equipped with cutting-edge technology and state-of-the-art amenities, these residences promise impeccable service and unforgettable experiences.

Residences are categorized within distinct buildings:

A building, featuring apartments ranging from 45 to 101 square meters
B building, housing apartments ranging from 35 to 88 square meters
C building, offering apartments ranging from 35 to 93 square meters
D, E, and F buildings, presenting apartments ranging from 79 to 85 square meters

Each residence is meticulously furnished with high-quality furniture, and individual parking spaces are allocated for each apartment.

Presently, the construction works and the comprehensive development of the entire tourist resort are underway, with the completion of these endeavors and the official inauguration of the settlement scheduled for July 1, 2024. All residences adhere to the highest standards of quality and functionality, featuring a modern design complemented by state-of-the-art equipment and technologies.

Sample apartment is located on the ground floor of the building.
It consists of a kitchen with a dining room an living room, one bedroom, a loggia/terrace and a bathroom.
The apartment also has a garden of 39.86 m2 and one parking space included in the price.
The apartment is fully equipped and ready for use.
The apartment is intended for rent in tourism with the possibility of personal use.

There are many more apartments in this complex. Price list available upon request.

NOTE: Lease-back scheme is a must in the complex. It is not optional.

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Bank Financing:

Credit Conditions Summary for Croatian Nationals Living and Working Abroad, and Foreign Nationals Without Residency in Croatia (brief summary of 4-5 Croatian banks practice).
Banks set different conditions for Croatian and non-Croatian passport holders.

1/

For Croatian nationals residing and employed abroad, eligible applicants include those with residence and employment in an EU country, a member state of the European Economic Area (EEA) (Iceland, Liechtenstein, Norway), or Switzerland.

Credit Terms for Croatian Nationals Abroad:

Loan Amount: Up to 80% of the property’s official appraised value.
Maximum Loan Amount: Generally up to €400,000 - €450,000 (loans up to €800,000 may be considered, subject to approval).
Interest Rate: Current rates range from 3.69% to 4.19%.
Collateral Requirement: Only available with a mortgage.
Maximum Age: Up to 75 years, though most banks set a maximum of 67 years.
Maximum Loan Duration: Up to 30 years.
Property Insurance: Mandatory.
Additional Insurance Requirements: Some banks require accident or life insurance.

2/

Credit Conditions for Foreign Nationals

Foreign nationals are eligible for credit only if they hold EU citizenship (Permanent or Temporary Residence status are NOT taken into account).
Some Croatian banks finance only those EU countries where the Euro (€) is the official currency.
We are sorry, but the buyers from Turkey, Ukraine, Russia, Georgia, Armenia, Kazakhstan and many other countries are not eligible for bank financing in Croatia.

Loan Amount: Typically between 50% and 70% of the property’s official appraised value, depending on the bank and loan size (with a minimum 30% down payment required).
Maximum Loan Amount: Up to €400,000 - €450,000.
Interest Rate: Current rates range from 3.89% to 4.19%.
Collateral Requirement: Only available with a mortgage.
Maximum Age: Up to 67 years.
Maximum Loan Duration: Up to 30 years.
Property Insurance: Mandatory.
Additional Insurance Requirements: Some banks require accident or life insurance.

Please, note that the banks may also change their offer depending on your marital status, number and age of children, dependents, etc.
Minimum salary/income to be shown by the borrower is cca.3000 eur per month. Please, note that potential income deriving from Croatian property renting to tourists ir not taken into account. The bank want to see some already available sources of income.

New luxury apartments in 5***** resort by the beach near Zadar with 4-6% rental yield

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