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AI Summary

“Your ideal home just 80 meters from the azure sea in picturesque Rafailovići! This cozy two-story house with an area of 100 m² has everything for comfortable living: a spacious living room, a functional kitchen, and four bright bedrooms for the whole family — an ideal option for vacation or investment for 590,000 EUR.”

No. 377

House in Rafailovići No. 377

Rafailovici · Budva Riviera, Rafailovići, Montenegro
€590,000
View: Sea view

Details

Area
100 m²
Land area
65 m²
Bedrooms
4
Parking
Yes
To sea
80 m
Price per m²
€5,900

Description

A magnificent four-story villa in medieval style, 80 meters from the beach. Built in the 18th century, it was renovated in 2007. There are many cafes and shops nearby. On the 1st floor: a shared living-dining room with a kitchen and access to the inner courtyard, a bathroom with a shower. On the 2nd floor: 1 bedroom, a bathroom with a shower. On the 3rd floor: 2 bedrooms, a bathroom with a bathtub. On the 4th floor: a studio with a magical sea view, a kitchenette, a bathroom with a shower, a terrace. The beach is fine pebbles and sand.

Amenities

Sea ViewParking

Estimated purchase transaction costs

Approximate breakdown of additional costs when buying

Property price
€590,000
Property transfer tax
€27,400
€4,500 (3% × 150,000) + €17,500 (5% × 350,000) + €5,400 (6% × 90,000)

Notarial deed details

Buyers
1
Sellers
1

By default the notary fee assumes a two-party deal (1 seller and 1 buyer) without a court interpreter, with the notary filing the cadastre application. Each party beyond two adds 5% of the tariff, each interpreter adds €15, and 21% VAT is charged on the full amount. Not included: work outside office hours, at weekends or on public holidays (+25%, at least €50), the notary travelling to you (+€35 per started hour plus travel costs), powers of attorney (€60 + VAT each). The notary may use the property's market value if the contract price is lower.

Possible additional costs (not in the total)

Government fees

  • Cadastre registration of title (state fee)from €30
  • Title sheets (listovi) for the dealfrom €7
Total required costs€28,502
Estimated costs to purchase the propertyTotal: €618,502

Location

What's nearby

  • Kindergarten1.4 km
  • GroceriesLux128 m
  • Pharmacy196 m
  • RestaurantZeta10 m
  • Bus stopRafailovići379 m
  • ATM59 m
  • AirportTivat Airport19.0 km
  • PortMarina Budva3.5 km
  • Sea80 m

Frequently asked questions

Yes. Foreign nationals can buy apartments and houses in Montenegro on the same terms as citizens, with full ownership rights. Restrictions apply only to certain agricultural and undeveloped land, which foreigners usually acquire through a Montenegrin company. We handle the entire legal process.
Buying costs depend on the property. Montenegro’s real-estate transfer tax is progressive — the rate depends on the value — and newly built homes are subject to VAT on the first sale. Add notary, registration and optional lawyer fees. The easiest way to get an exact figure for this property is our purchase-cost calculator.
This property is about 80 m from the sea.
Montenegro’s coast has strong seasonal short-term demand and growing long-term demand from people relocating. Actual returns depend on location, furnishing and management — ask us for a projection for this specific property.
Under the new law, a property purchase supports a temporary residence permit only if the property is residential and worth at least €150,000. The rules change periodically, so confirm the current requirements with us.

Calculate mortgage

Beta · still being polished
Property price
€590,000
yrs
5 yrs30 yrs
%
3%9%

Bank rates

Beta · still being polished
CKB Bank
CKB Bankbest
fixed for 5 years · 7 days
5.9%
€2,935/mo
NLB Banka
NLB Banka
variable Euribor + 4.2% · 10 days
6.3%
€3,031/mo
Erste Bank
Erste Bank
fixed for 3 years · 14 days
6.5%
€3,079/mo
Monthly payment
€2,726
Over 240 months · at 5.0% p.a.
63%principal
Loan amount€413,000
Total interest€241,148
Loan amount
€413,000
Total interest
€241,148
Total payment
€654,148

Want to know how much you can actually get approved for?

< 1 minNo obligation3 banks at once

Rates shown as "from". Final offer depends on your credit profile and the bank's conditions.

€590,000
€5,900/m²No. 377