Property Abroad

Montenegro

Budva

Rafailovici

Flat

Flat 110 м² in Rafailovici, Montenegro

649 955 $

5 908 $ /м²

4Oduh

Flat 110m² in Montenegro, Rafailovici. Priced at 560700€ rent photo- #1

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Area

110 м²

Bedrooms

Apartment in Budva. The city is Rafailovići.

Apartment in a new complex with a swimming pool, located on the first line from the sea, on the 11th floor, with a total area of 110 m2. Structure: living room combined with kitchen and dining room, 2 bathrooms, 2 bedrooms, terrace with magnificent sea views! No one has lived in the apartment; it is sold with furniture and appliances. Apartment from the developer, 3% tax on the purchase of real estate is not paid. Price: 560,700 euros

Additional details

Property type

Residential Properties

Number of rooms

Object type

Flat

Price

649 955 $

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 Rafailovici; 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 Rafailovici 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 (649 955 $) 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 Rafailovici: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).