Property Abroad

Montenegro

Budva

Flat

Flat 72 м² in Budva, Montenegro

405 224 $

5 628 $ /м²

4OduC

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #1

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #2

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #3

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #4

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #5

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #6

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #7

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #8

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #9

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #10

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #11

Flat 72m² in Montenegro, Budva. Priced at 340000€ rent photo- #12

Area

72 м²

Bedrooms

Apartment in Budva. City - Budva

Square: 72m2

Floor: 3

Elevator: yes

Structure of the apartment: Corridor, kitchen with dining room, living room, 2 bedrooms, bathroom, toilet, terrace with sea views.

The apartment is fully oriented to the south.

Furnished: fully equipped kitchen and built-in wardrobes (included in the price).

Calculation of profitability

Lease 170 euros/day. Maximum workload of 90 days per season. Yield in season 15300. Booking expenses 15%

Yield after minus Booking 13005 euros.

Possible monthly delivery is not in season for 700 euros per month for 8 months. Extra income for the year = 5600 euros. Total for the year: 18605 euros.

Costs for the purchase and maintenance of 340000+10200 (one-time property turnover tax 3%)+800(annual tax+tax)+580(Up)+35.

Recovery period 351580 euros/18605=18.9 years. Profitability 17075*100/351580 = 5.3%

Calculations are given for 2021-2022.

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

405 224 $

Characteristics

Sea View

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 (405 224 $) 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).