Flat 230 м² in Rafailovici, Montenegro

727 545 $

3 163 $ /м²

4OdvN

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #1

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #2

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #3

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #4

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #5

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #6

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #7

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #8

Flat 230m² in Montenegro, Rafailovici. Priced at 650000€ rent photo- #9

Area

230 м²

Bedrooms

Apartment in Budva. The city is Rafailovići.

The penthouse, covering an area of 230 m2, is located on the first line of the sea in Rafailovici, an elite part of the Budva Riviera. The apartment is on the fourth floor, a luxurious penthouse. There is an elevator. Three air conditioners. Two storage rooms, a laundry room. A jacuzzi in the bathroom of the master bedroom. The living room, dining room, and kitchen occupy 70 m2, and the apartment has three bedrooms, three bathrooms, and a huge terrace of 50 m2, offering a breathtaking and wide-open view of the promenade and the entire beach in Rafailovici.

Additional details

Property type

Residential Properties

Number of rooms

Floor

Object type

Flat

Price

727 545 $

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 (727 545 $) 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).