New residential complex of premium class is located on the first line of the sea in the village of Rafailovichi on the Budva Riviera.
Modern construction technologies, developed infrastructure, unique design solutions, high-quality materials and spatial planning make the project the most anticipated luxury premiere on the Adriatic coast.
The complex has 63 apartments, 50 of them are located on the first line of the sea (front-beach). All apartments are sold on a turnkey basis (ready for occupancy), fully equipped and ready for use. Equipped with furniture and appliances in accordance with the standards of the hotel business for hotels 5 stars. The apartments have spacious living rooms, luxurious kitchens, comfortable and quiet bedrooms, modern bathrooms and spacious terraces. The two- and three-bedroom apartments have two bathrooms with a combined shower and bathroom.
On sale:
Apartments with 2 bedrooms 106 m2
Apartments with 3 bedrooms 138 m2
Future apartment owners will have access to all services, including concierge services, round-the-clock reception, room cleaning, parking and security services, airport transfer services, excursions, car rental, yachts, helicopters, organization of various celebrations within and outside the complex.
The infrastructure of the complex:
A landscaped area with landscape design
Reception and concierge service
Two restaurants
Rest area and Sunset caffe on the roof of the 6th floor
Juice bar
Open pool
Zone for tanning and rest
Hamam
Children's playground
Closed garage with autolift
The beach
The owner receives: ownership, management and maintenance of the management company, income from leasing.
Characteristics
Property type
Residential Properties
Object type
Flat
Price
684 088 $
Year of construction
2021
Services and facilities
Furniture
Pool
Garage/parking
Lift
Distance to key points (meters)
To sea
5 m
FAQ
How can I get a residence permit by buying property in Montenegro?
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.
Is a mortgage available for non-residents in Montenegro?
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.
What taxes and fees apply when buying in Montenegro?
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.
How is the title checked in Montenegro?
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.
Can I rent out property after purchase in Montenegro?
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.
Is a property inspection recommended before purchase?
Yes. An inspection costs about 0.5–1% of the price (684 088 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
How long does the purchase process take in Montenegro?
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).
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