Flat 123 м² in Budva, Montenegro

ID 4OdHE

Area: 123 m²
Bedrooms: 3
Bathrooms: 3

Description

Apartment in Budva. City - Budva

RARE LOT - PREMIUM APARTMENT, located just a 3-minute walk from the Old Town of Budva, yet away from the noise of tourists and traffic. The building was constructed in 2021. It is situated on a high first floor with private access to a private patio surrounded by a green landscaped hedge. The apartment layout includes a living room, 3 bedrooms, and 3 bathrooms (one in each bedroom), along with a spacious separate kitchen and dining area, and a large terrace. The total area of the apartment is 123 m2. The area of the inner courtyard, privately enclosed by greenery and landscaped design, is 170 m2. The courtyard features a lounge area with a shower and a personal pool equipped with a counter-current system. The apartments are fully furnished to order by renowned Italian brands and come with complete household appliance fittings. This is true Lux Class in Montenegro. The apartment was designed for personal living and has never been rented out. A spacious parking area and two separate utility rooms for personal use are included with the apartment. All necessary urban infrastructure and the beach are within walking distance.

Characteristics

Property type: Residential Properties
Object type: Flat
Price: 1 001 430 $
Land area: 170 m²

Services and facilities

Pool
Garage/parking

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 Budva; 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 Budva 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 (1 001 430 $) 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 Budva: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).