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What does buying cost for foreign nationals?

Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.

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The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.

For Sale, Land, 2441m², Kamenovo, Budva | €0

PROPERTY DESCRIPTION

For sale: urbanized plot of 2,441m2 in the area of Vrijesno - Kamenovo, municipality of Budva. It is located in an exclusive location less than 3km from Sveti Stefan. It is about 500m from the sea and is positioned to have a permanently open view of the Adriatic Sea. According to current urban planning technical conditions, the construction of a luxury villa with pools is permitted, with a total floor area of P + 1 + Pk, and a GFA of 749m2, a construction index of 0.42, and an occupancy index of 0.16. Additionally, a request has been submitted to amend the existing UTU to increase the construction coefficient, occupancy coefficient, and permitted floors, to match the coefficients of neighboring plots, where larger villas have already been built. The plot's position is such that it has direct access to an asphalt access road, while water and electricity are provided on the plot. This is a unique investment opportunity for the construction of a modern tourist or residential facility in one of the most desirable locations on the Montenegrin coast.