Apartment in the strict center of Budva, next to the Old Town
Apartment in Budva, austere center, next to the city cemetery. 3 minutes walk to the Old Town, as well as to the sea and the marina. The area is 86 sqm. Three bedrooms, two terraces, two bathrooms. Third floor. Price 280.000 euros
Services and facilities
Air conditioner
Furniture
Household appliances
Balcony or terrace
Additional details
Property type
Residential Properties
Number of rooms
4
Publication
From the Agency
Object type
Flat
Price
319 871 $
Condition
In Good Condition
Location
Downtown
Characteristics
Air conditioner
Furniture
Household appliances
Balcony or terrace
FAQ
In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Budva; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Budva short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (319 871 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Budva: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).