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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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For Sale, Land, Katun Reževici, Budva

PROPERTY DESCRIPTION

2,362 m 2 Area

Budva, Reževići: Urbanized plot with sea view, for sale

For sale are two connected urbanized plots with a total area of 2,362 m², located near the Reževići monastery, in one of the most attractive locations of the Budva Riviera.

The plot is rectangular in shape, slightly sloping towards the sea, with an open sea view. It is located right next to the road, which ensures easy access and makes it suitable for residential-tourist construction.

Urban conditions and potential:

Plot 1: 1,076 m² – maximum building footprint 200 m², maximum GFA 600 m²
Plot 2: 1,286 m² – maximum building footprint 300 m², maximum GFA 900 m²
Total allowed GFA: 1,500 m²
Maximum 4 residential/tourist buildings on the whole
The plots are ideal for the construction of luxury villas or a smaller apartment complex for rent, with a shared pool and accompanying facilities.
The proximity to the highway, Reževići, and beaches, as well as the peaceful green surroundings, make this plot an excellent investment opportunity for developers and buyers looking for a project with clear return potential.