Hypothec (mortgage) has become possible in Croatia for a luxury project in Umag area

Special hypothec offer for financing purchase of apartments/villas is offered to the buyers of new 5**** star properties in Umag area new luxury resort.

This is a super-luxury destination in Kempinski and Skiper resorts neighbourhood just a few km from Slovenian border, overlooking Piran Bay and Slovenian coast.
Beach is 200 meters from the resort, a concession for exclusive use is being obtained. Beachline with wooden sundecks will be arranged.

Estimated date of construction completion is June 2022.

Exceptional infrastructure of the resort will include:

• concierge service 24/7
• wellness and spa centre
• rooftop infinity pool
• gym studio
• rooftop fine-dining restaurant with amazing panoramic views
• garden pool
• garden restaurants and cafes (Italian cuisine restaurant, Steakhouse, etc.)
• pools, playgrounds and other amenities for children
• 18-hole golf-course

More information about complex apartments available here.

More information about flats for sale available here.

More information on villas for sale in Umag area available here.

Mortgage/finance in issues upon the following conditions stated below.

For individual private persons/buyers

Hypothec can be issued to the residents of EU who have incomes in EU currency.

Term of credit: max 30 years
Payment: by monthly installments (credit and interests)
Own capital: min 30% of property value
Collateral: pledge of real estate, loan up to 70% of collateral value
Account opening in Slovenia with regular inflow is obligatory
Timing: loan is issued after own capital is paid, after account with appointed bank is opened, after usage permit for purchased property is received.

Interest rates can be fixed or variable:
fixed rates
1-10 years – 1,7%
11-20 years – 2,1%
variable rates
1-10 years – 6m Euribor + 1,35%
11-20 years – 6m Euribor + 1,50%
21-30 years -6m Euribor + 1,60%

Cost and fees:
approval fee: 980 eur
notary costs
appraisal – free

Documents required:
passport copy
certificate of employment
statement of income for 2019, 2020
statement of indebtedness
bank statement of account
additional documents can be required

For corporate buyers

Mortgage finance can be provided to Croatian or EU company.

Term of credit: max 12 years
Payment: by quarterly equal credit installments
Interest rate: 6mEuribor +3%, quarterly interest payment

Own capital: min 30% of property value; 50% in case of SPV founded for the purpose of purchasing real estate and renting out the property is the only income
Appropriate creditworthiness required and cash flow.
Collateral: pledge of real estate, loan up to 70% of collateral value or 50% in case of SPV
Account opening in Slovenia with regular inflow is obligatory (or SPV account).
Timing: loan is issued after own capital is paid, after account with appointed bank is opened, after usage permit for purchased property is received.

Cost and fees:
approval fee: 0,5%
management fee: 0,1% once a year on outstanding loan balance
notary costs
appraisal – free

Please, do not hesitate to make an inquiry.