Land 1 м² in Markovici, Montenegro

62 381 $

62 381 $ /м²

4Ocrs

Land 1m² in Montenegro, Markovici. Priced at 55000€ rent photo- #1

Land 1m² in Montenegro, Markovici. Priced at 55000€ rent photo- #2

Land 1m² in Montenegro, Markovici. Priced at 55000€ rent photo- #3

Land 1m² in Montenegro, Markovici. Priced at 55000€ rent photo- #4

Area

1 м²

Urbanized plot in Markovici

An urbanized plot of land is located near Budva in the village of Markovici, 4 km from Budva.

Quiet green area with stunning panoramic views of the sea, Budva and the surrounding mountains.

Excellent location: only 500 meters to the main highway, 7 minutes by car to Budva (4 km).

In the future, it is planned to build a road passing through the village, which will allow you to get to Budva on foot in 20-30 minutes.

There is a new asphalt road leading to the site, connections to water supply and electricity next to the site (3-5 meters).

Total area: 471 m².

According to the urban plan, a villa or family house with up to 3 floors with a total area of 280 m² can be built on the site.

It is also possible to place a swimming pool and auxiliary facilities.

Services and facilities

Pool

Additional details

Property type

Land

Object type

Land

Price

62 381 $

Land area

471

Characteristics

Pool

Distance to key points, m

To sea 4000

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Markovici; 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 Markovici 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 (62 381 $) 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 Markovici: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).