Flat 220 м² in Rafailovici, Montenegro

687 264 $

3 123 $ /м²

4Og86

Flat 220m² in Montenegro, Rafailovici. Priced at 590000€ rent photo- #1

Flat 220m² in Montenegro, Rafailovici. Priced at 590000€ rent photo- #2

Flat 220m² in Montenegro, Rafailovici. Priced at 590000€ rent photo- #3

Flat 220m² in Montenegro, Rafailovici. Priced at 590000€ rent photo- #4

Flat 220m² in Montenegro, Rafailovici. Priced at 590000€ rent photo- #5

Flat 220m² in Montenegro, Rafailovici. Priced at 590000€ rent photo- #6

Area

220 м²

Bedrooms

Bathrooms

Apartment in Budva. The city is Rafailovići.

We bring to your attention an exclusive penthouse in Pos. Rafailovichi with a magical, panoramic view.
The structure of the apartment: 3 bedrooms, 4 bathrooms, 2 kitchens, 3 terraces.
On the roof terrace there is a fully equipped kitchen, a barbecue area, a bathroom with a shower.
Parking space is included in the price.

Location: Rafailovici
Apartment area: 120 m2 + roof terrace 100 m2
Bedroom number: 3
Number of bathrooms: 4
Floor: 7
Elevator: Yes

Services and facilities

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

687 264 $

Land area

Characteristics

Lift

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 (687 264 $) 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).