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Real Estate in Korcula, Croatia | Expat Exchange
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Real Estate in Korcula, Croatia

By Betsy Burlingame

Last updated on Apr 06, 2024

Summary: People living in Korcula, Croatia offer advice about real estate. How do you find a home in Korcula? Should you buy or rent? What is the cost of housing?

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What is a typical expat home or apartment like in Korcula?

"A typical expat home or apartment in Korcula, often boasts a blend of traditional and modern architecture. Many homes are built with locally sourced stone, reflecting the island's rich history and culture. The interiors are usually modern and well-equipped with all the necessary amenities such as a fully fitted kitchen, spacious living areas, and comfortable bedrooms. Many apartments offer stunning views of the Adriatic Sea, and some even come with private balconies or terraces, perfect for enjoying the beautiful sunsets. Some homes may also have a small garden or courtyard, often filled with local plants and herbs. The homes are usually located within walking distance to the town center, where expats can find a variety of shops, restaurants, and cafes. Despite being close to the town's amenities, the residential areas maintain a peaceful and quiet atmosphere, offering a perfect balance between convenience and tranquility. In terms of decor, many expats choose to incorporate elements of Croatian culture into their homes, such as traditional textiles and artwork. However, the overall style often leans towards minimalism, with a focus on natural materials and light colors to create a bright and airy living space. While some expats opt for smaller apartments, others may choose to live in larger villas, especially if they have a family. These properties often come with additional features such as a swimming pool, a large outdoor area for entertaining, and even a private dock for those who enjoy boating. Regardless of the size, most expat homes in Korcula are designed to take full advantage of the island's natural beauty, with large windows and outdoor spaces that allow residents to enjoy the stunning views and pleasant Mediterranean climate," explained one person living in Korcula, Croatia.

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What is the average cost of housing in Korcula?

If you are thinking about moving to Korcula, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Korcula can vary greatly depending on the location and size of the property. For a one-bedroom apartment in the city center, you can expect to pay a moderate price, while a similar apartment outside of the city center will be significantly cheaper. For larger properties, such as three-bedroom apartments or houses, the prices can be quite high, especially if they are located in desirable areas or offer sea views. However, compared to other popular tourist destinations in Croatia, the cost of housing in Korcula is considered to be relatively affordable," said one person in Korcula.

Should I buy or rent a home in Korcula?

If you have not spent a lot of time in Korcula, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Korcula, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Korcula for a long period or frequently visit, buying a home could be a good investment. Owning a property can provide stability and the freedom to make changes to your home as you wish. However, buying a home also comes with responsibilities and costs, such as maintenance, property taxes, and possibly a mortgage. It also requires a significant upfront investment. If you're not ready for these commitments, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Korcula offers more flexibility. It's a good option if you're planning to stay for a shorter period or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it doesn't require a large upfront investment. In addition, the real estate market conditions in Korcula should also be considered. If the market is favorable for buyers and you have the financial means, buying a home could be a wise decision. On the other hand, if the market is more favorable for renters, or if property prices are high, renting might be the better choice. Ultimately, the decision to buy or rent a home in Korcula should be based on a careful evaluation of your personal situation, financial capacity, and long-term plans. It's also advisable to seek advice from real estate professionals or financial advisors to make an informed decision," said one expat in Korcula.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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