Flat 45 м² in Rafailovici, Montenegro

ID 4Og8H

Area: 45 m²
Bathrooms: 1

Description

Apartment in Budva. The city is Rafailovići.

Extremely advantageous offer - urgent sale - spacious studio, with an area of 45 m2, with panoramic views of the city and the sea in Rafailovichi. The house has an elevator, to the beach - 600 meters. The house was built in 2015. A huge living room of regular square shape allows you to conveniently arrange furniture, and a warm balcony of 15 m2 is essentially a full-fledged separate room. The apartment was bought and renovated for itself, so the quality of materials and works was paid great attention. - A perfect suspended ceiling with niches for curtains and illumination, - warm glazing of the balcony is installed, i.e. you can use the terrace as a full-fledged separate room, New SAMSUNG air conditioners installed in the room and on the balcony - All electrics and pipes have been replaced with new ones. An investment of around 13,000 euros will be required to complete the renovation according to the design project. Design project with all specifications and new, unused will be transferred to the new owner.

Characteristics

Property type: Residential Properties
Object type: Flat
Price: 98 620 $
Land area: 0 m²

Services and facilities

Lift
Furniture
Air conditioner

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 (98 620 $) 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).