Korčula Island, Croatia – Real estate for sale

Real Estate on Korčula

Korčula, in ancient times often called "Black Korčula" due to dense forests, represents one of the most attractive island markets in southern Dalmatia. The island combines rich history, preserved nature and quality transport connectivity with the mainland. The real estate market offers diverse supply ranging from traditional stone houses in Korčula town to newer villas in quiet coves. Prices are more moderate than on Hvar, but maintain stable value.

Area Characteristics

The island extends in the immediate vicinity of the Pelješac peninsula, with regular ferry lines towards Dubrovnik and Split. The town of Korčula, with its medieval walls and compact urban core, represents the administrative and cultural centre of the island.

• Location: South Dalmatian archipelago, between the Pelješac peninsula and the island of Lastovo
• Connectivity: Ferry lines to the mainland, proximity to Dubrovnik (road connection via Pelješac)
• Nature: Dense pine forests, rocky coastline with numerous coves
• Cultural Heritage: Medieval architecture, rich traditions of winemaking and stonecutting

Popular Areas

Korčula town: Most sought-after location with limited supply within the historic core. Properties range from small apartments to stone houses for renovation, with prices in the higher segment. Lumbarda: Located on the eastern part of the island, known for sandy beaches and vineyards. The area offers a quieter way of life with a mix of traditional and new buildings. Vela Luka: The second largest settlement on the island, with developed local infrastructure and marina. More accessible prices than in Korčula town, popular among buyers looking for houses for permanent residence.

Types of Properties

Stone houses: Traditional buildings in smaller places along the coast. Most require renovation, but offer authentic Dalmatian character. New construction: Modern villas and apartments in the vicinity of main settlements. Built according to contemporary standards, often with sea view. Rural properties: Older buildings in the interior of the island, often with land. An interesting segment for buyers seeking peace and privacy.

Investment Context

Korčula attracts investors with its authenticity and reasonable prices compared to other premium destinations. Tourism is well developed, but less intensive than on Hvar, which allows stable rental demand while maintaining local character. Proximity to Dubrovnik further increases the area's attractiveness for international buyers.