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Flat 72 м² in Budva, Montenegro

387 974 $

5 388 $ /м²

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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

2

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

2

Object type

Flat

Price

387 974 $

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 (387 974 $) 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).

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