Luxurious Villas on the Adriatic Coast Attract Wealthy Buyers and Renters

Total Croatia News

Interest in Adriatic villas is picking up. 

It is not difficult to fall in love with the Adriatic coast. Nice climate, beautiful nature, crystal clear sea, sand and pebble beaches, beautiful islands with hidden coves, cultural and historical heritage, Mediterranean cuisine and architecture. However, not all tourists stay in regular hotel rooms, apartments and camps. Some of them can afford to stay in one of numerous luxurious villas which offer much more than “ordinary” apartments or houses, reports Jutarnji List on August 14, 2015.

“Villas are prestigious houses with at least 300 square meters, with a large landscaped garden and high quality facilities. They are often built according to the wishes of the owner, and highlight their personality and taste. The characteristics of villas are large surface area of the building itself and the garden, large living rooms, a five, six or seven bedrooms with en suite facilities, a wine cellar, indoor and outdoor fireplaces, summer kitchen, pool”, said realtor Jasminka Biliškov.

Villas are usually located at the seafront or a few kilometers from the coast, but almost always with a view of the sea. Some people like old-fashioned rustic style buildings, which have rich details and art, while others are looking for modern buildings with simple minimalist lines and lots of glass walls and a swimming pool that is often partly internal and partly external.

In the last two to three years, a number of modern villas has been built in Dalmatia and Istria. “Investors and owners have recognized their rental potential. There is a large number of slightly smaller villas which are very popular throughout the season”, said Biliškov. The price for rental is between 400 and 1,500 euros per day. As far as selling prices are concerned, it depends on the size and location of the villa, ranging from 1.5 million euros to 6 or 7 million euros for the most luxurious ones.

“Villas are bought by wealthy clients who want privacy and no neighbours. This summer, we have a growing number of wealthy foreigners who are interested in villas. Little by little, the Russians are starting to return. One Russian client is in talks about buying a villa worth 2.5 million euros. A lot of Poles are interested, as well as Slovenians and Slovaks. However, customers are reluctant to buy. I think the reason is that we have still not emerged from the recession at a global level”, said Biliškov.

Until recently, the laws have limited the size of plots for the construction of villas, which was a reason why in previous years many wealthy potential investors decided not to invest. “The situation today is quite different, as the plot size is no longer limited. This should additionally motivate wealthy customers to purchase large plots for construction. Also, the building permits are being issued faster. All this contributes to promotion of Croatia and a faster recovery for our economy”, said Jasminka Biliškov.


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